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Mega Matrix Inc. reports developments in its short-drama streaming business and digital asset treasury strategy. The company operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect wholly owned subsidiary, and has described a treasury reserve strategy focused on stablecoins and related governance tokens.
Recurring news themes include annual operating results, content procurement and platform optimization, AI-assisted short-drama production initiatives, digital asset treasury updates, financing and registration activity, and governance or compensation disclosures tied to its public-company reporting.
Mega Matrix Corp. (MPU) announced financial results for Q1 2024, focusing on short drama streaming platform FlexTV after exiting the crypto business. Revenue totaled $8.7 million, with $8.0 million from streaming services. Gross profit reached $5.2 million. User recharge hit $9.3 million, with 2.62 million quarterly active users. Hit series like 'Mr. Williams! Madame is Dying' drove monetization. FlexTV ranked 8th on Apple App Store. CEO Hu emphasized content enrichment and user engagement.
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