Mega Matrix Inc. has released its unaudited condensed consolidated financial results for the three months ended March 31, 2025. The company reported revenues of $7.736 million, a decrease from $8.692 million in the same period of 2024. The cost of revenues also declined slightly to $3.422 million from $3.500 million in the previous year. Consequently, the gross profit for the quarter was $4.314 million, compared to $5.191 million in the first quarter of 2024. The net loss and comprehensive loss attributable to Mega Matrix Inc.'s shareholders was reported at $2.478 million, a wider loss compared to $866,800 in the same quarter last year. The loss before income tax stood at $2.478 million, compared to $2.212 million in the prior-year period. No specific outlook or guidance for future periods was provided in the report.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.