FlexTV owner Mega Matrix reports 29% revenue decline and wider loss for first half of 2026

Mega Matrix Inc. (NYSE American: MPU), which operates the short-drama app FlexTV through its Singapore subsidiary Yuder, reported revenue of $10,471,500 for the six months to 30 June 2026, against $14,796,800 a year earlier, a decline of 29%. The figures are in a Form 6-K filed on 1 October 2026.

In-app purchase revenue fell 32% to $8,467,700. Advertising revenue rose to $1,468,800 and content licensing fell to $535,000. The net loss widened to $6,302,500 from $3,942,100.

By region, in-app purchase revenue from the United States and Canada fell to $1.06m from $4.67m, while Asia-Pacific rose to $5.13m from $4.52m. Europe, the Middle East and Africa contributed $1.87m, down from $2.54m.

The company counted 309,973 paying users in the period, with average revenue per paying user of $27.32, down from $34.16. Management attributed the decline to a shift since May 2025 from self-produced dramas to licensed content and to a market marked by high user-acquisition costs and widespread losses among peers.