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Stock impact report

Mega Matrix Inc. Announces Third Quarter 2024 Financial Results [Yahoo! Finance]

Mega Matrix Inc. Class A Ordinary Shares (MPU) 
Company Research Source: Yahoo! Finance
Financial Highlights In the third quarter of 2024, the Company's total unaudited revenue reached $10.3 million , representing the quarter-on-quarter ("QoQ") growth of 49.3% compared to Q2 2024, marking a new high for the year. The total revenue in Q3 included over $9.3 million from membership and top-up streaming services, with a QoQ growth of 47.6% and around $1.0 million from online advertising services, with a QoQ growth of 66.7%. Gross profit in the third quarter of 2024 reached $6.1 million , with an almost 60.0% gross profit margin, remaining consistent with the previous quarter. Operating Highlights User recharge totaled $9.5 million in the third quarter of 2024, representing a 46.2% increase compared to Q2 2024. In the third quarter of 2024, our quarterly active users reached 3.2 million, with an ARPU of and an ARPPU of and our total active users amounted to 7.2 million for the nine months ended September 30, 2024 In the third quarter, we released a total of 56 ne Show less Read more
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