Mega Matrix says H1 2026 net loss widens to $6.3 million as fewer new titles hit FlexTV
MPU•For the six months ended June 30, 2026, revenue fell 29% to $10.47 million and net loss widened 60% to $6.3 million as fewer new titles followed a shift toward licensed content.
1. Revenue and users fall
Mega Matrix management cited a tougher short-drama market, with higher acquisition costs, heavier marketing and sustained peer losses. Active users fell to 2,342,008 from 4,085,282, while average revenue per user rose to $3.62 from $3.05 on better subscription conversion. Marketing spend declined to $4.54 million from $7.78 million, and the ad expense ratio improved to 43% from 53%.
