FlexTV
Key facts
- Operator / parent
- Mega Matrix Inc (NYSE American: MPU), a Cayman and Singapore holding company; operating entity Yuder Pte (Singapore)
- Origin
- China
- Headquarters
- Singapore
- Launched
- October 2022
- Category
- App · Global (China-origin)
FlexTV is a vertical-drama app operated from Singapore by Mega Matrix, the only US-listed company in the field focused mainly on microdrama. It runs an asset-light model, licensing third-party content and translating it with AI into 16 languages, including German, across more than 200 markets. Revenue fell to $26.1m in FY2025 from $36.2m the year before, and the company remains loss-making. Its operations and content are China-rooted.
FlexTV revenue and key figures
Reported revenue: $26.1m in FY2025, down from $36.2m in FY2024 (official, Mega Matrix 20-F filing)
| Metric | Figure | Basis | Source |
|---|---|---|---|
| Revenue | $26.1m in FY2025, down from $36.2m in FY2024 | official | Mega Matrix 20-F filing |
| ARPU | $3.42 | official | Mega Matrix 20-F filing |
| Conversion rate | 11.4%, and 16.7% in the United States | official | Mega Matrix SEC filings |
| ARPPU | $25.86 in Q3 2024 | official | Mega Matrix SEC filings |
| Downloads | about 8.3m cumulative; about 440k in the last 30 days | estimate | third-party estimate |
| Funding | $2bn shelf registration; the parent has pivoted to a crypto-treasury strategy. | no basis given | — |
Profile
- Markets
- More than 200 markets; 16 languages including German.
- Content
- Asset-light: third-party content with AI translation.
- Genres
- CEO, vengeance, thriller, Latin American romantic comedy.
- Monetisation
- Coins, membership and advertising.
- Profitability
- Not profitable. Adjusted EBITDA loss of $5.6m, narrowing, per official filings.
People
- Yucheng Hu — President and CEO, Mega Matrix Inc (NYSE American: MPU)
- Yaman Demir — Chairman, since October 2025
- Songtao Jia (贾松涛) — Chief Strategy Officer; public face of FlexTV