Mega Matrix Announces Unaudited Revenue Generated From FlexTV, Including Top-Up, Subscription And Advertising Income, For January And February 2024 Totaled ~$6M
Portfolio Pulse from Benzinga Newsdesk
Mega Matrix Corp. (NYSE:MPU), owner of FlexTV, announced unaudited revenue of ~$6M for Jan-Feb 2024, marking a 356% increase from Nov-Dec 2023. FlexTV's success follows its acquisition by MPU and includes significant growth in its short drama business. The company highlighted the global reach of FlexTV, available in over 100 countries, and its optimistic outlook for Q1 fiscal 2024.
March 01, 2024 | 9:22 pm
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Mega Matrix Corp. (MPU) announced a significant revenue increase for FlexTV, with unaudited revenue reaching ~$6M for Jan-Feb 2024, a 356% increase from the previous period. The company's optimistic outlook for Q1 fiscal 2024 suggests continued growth.
The substantial revenue increase and optimistic outlook for Q1 fiscal 2024 indicate strong operational performance and market acceptance of FlexTV's short drama content. This positive news is likely to influence investor sentiment positively in the short term, potentially leading to an increase in MPU's stock price.
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