Slide 1: Mega Matrix Inc. December 2025
Mega Matrix Inc. (NYSE American: MPU) December 5 2025
Slide 2: Forward-looking statements
This presentation and other written or oral statements made from time to time by representatives of Mega Matrix Inc. (sometimes referred to as “Mega Matrix”) contains forward - looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Re
Slide 3: Investor Notice
Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward - looking statements described under “Risk Factors” in our most recent annual report on Form 20 - F, filed with the SEC
Slide 4: Next-Gen Entertainment & Stablecoin DAT
Next - Gen Entertainment ð Stablecoin DAT One - stop short drama platform delivering binge - worthy, mobile - first entertainment to global audiences Strategic accumulation of high - quality digital assets including BTC and leading stablecoin’s governance token
Slide 5: Next-Gen Entertainment
Next - Gen Entertainment ð DAT
Slide 6: 2025 Q3 Operational Highlights
FlexTV Original + Series 1 Total Revenue 2 Market Value of Digital Assets 2 Gross Margin 2 100+ $20.9M $8.9M 5M+ ~ 55% 7,600+ Short Drama Series 1 Period Active User 2, 3 Note: 1. As of Nov 30 th , 2025. 2. As of Sep 30 th , 2025, for the nine months ended September 30, 2025. 3. An active user is de
Slide 7: 2025 Q3 Financial Performance Briefing
2025 Q3 Financial Performance Briefing Note: 1. A Period Active User (PAU) is defined as a user who has downloaded and opened FlexTV app at least once. For the nine months ended September 30, 2025, the PAU is calculated at the total of nine months PAU. 2. Average Revenue per User (ARPU) is defined a
Slide 8: 2025 Q3 Revenue and User Regional Breakdown
United States and Canada 32.9% Asia - Pacific 38.5% Europe, Middle East and Africa 22.4% Latin America 6.3% United States and Canada 13.3% Asia - Pacific 42.6% Europe, Middle East and Africa 30.7% Latin America 13.5% 2025 Q3 Revenue and User Regional Breakdown Note: For the nine months ended Septemb
Slide 9: Vertical Short Drama: Explosive Market Growth with Global Upside
Vertical Short Drama Explosive Market Growth with Global Upside
Slide 10: The One-Stop Hub for Global Short Drama Audiences
© FlexTvV The One-Stop Hub for Global Short Drama Audiences
Slide 11: Global Short Drama Market
Global Short Drama Market 5.5 8.0 56.6 2021 A 2022 A Source: WISE GUY Reports, YH Research 2023 A 2024 A 2025 E 2026 E 2027 E 2028 E 2029 E Global Short Drama Market Size ͣ $billion ͤ and . It is ▪ Global short drama market size was estimated at expected to reach , representing a five year
Slide 12: FlexTV Overview
FlexTV Overview FlexTV Home Page FlexTV Original+ FlexTV , the flagship product of Mega Matrix Inc. (NYSE American : MPU), is a global leader in short - form vertical drama technology . As the first short drama company publicly listed in the U . S . , MPU is advancing its growth through a dual - eng
Slide 13: FlexTV's Global Presence
FlexTV’s Global Presence ▪ FlexTV App is available in globally, covering England Spanish
Slide 14: Production x Distribution Growth Strategy
Production x Distribution Growth Strategy Content Driven User Oriented FlexTV Flagship APP FlexTV app specifically designed for short dramas, optimized for vertical viewing and high frequency engagement Distribution Platform – Reaching Audiences at Scale FlexTV Original+ ONE - STOP SHORT DRAMA PLATF
Slide 15: Content creation and distribution workflow
Creative & Content Development User Acquisition & Content Promotion Production & Filming Post - Production Localization & Global Readiness • In house Scriptwriters – develop high retention storylines tailored to short drama format • Concept & Visual Design – mood boards, lookbooks, visual tone estab
Slide 16: FlexTV Business Model
FlexTV Business Model z IAP Content Licensing IAA In - App Purchase ͣ IAP ͤ Subscription Episode Unlocking Pre - roll Ads Product Placement Banner Ads FlexTV Originals Remakes Rights Joint Premier In - App Advertising ͣ IAA ͤ Content Licensing
Slide 17: FlexTV's Top Series
© FlexTV's Top Series = A * ¥ 5 Mr. Wittiams! MADAME IO he ~BILLIGNAIRE'S vy 4 Wades Boss: RUNAWAY BRIDE € e Mega Matrix NYSE American: MPU
Slide 18: FlexTV Public Relations and Awards
FlexTV Public Relations and Awards The 6 th Global Internet CEO Conference (GICC) MPU FlexTV Wins “Outstanding Overseas Pan - Entertainment Product of the Year” and “Overseas Brand of the Year” The 5 th Global Internet CEO Summit FlexTV won the Gloden Sail Award for ”Outstanding Pan - Entertainment
Slide 19: Shape the Future of the Stablecoin-Driven DAT
Mega Matrix Aims to Shape the Future of the Stablecoin-Driven DAT
Slide 20: Digital Asset Treasury Strategy on Stablecoin and Governance Token Pairs
To Develop Digital Asset Treasury Strategy on Stablecoin and Governance Token Pairs
Slide 21: Stablecoin: Future of Digital Dollar
Note: 1. Standard Chartered: Stablecoin Market Could Grow to $2T by End - 2028 Source: https:// www.coindesk.com/markets/2025/04/15/stablecoin - market - could - grow - to - usd2t - by - end - 2028 - standard - chartered Stablecoin : Future of Digital Dollar
Slide 22: Mass Adoption in Stablecoin
Market Cap 1 Monthly Transfer Volume 2 Monthly Active Addresses 3 Number of Holders Mass Adoption in Stablecoin Note: 1. Sum of circulating market cap of all tracked stablecoins as of Nov 30 th , 2025 2. Sum of value transferred on - chain across all tracked stablecoins in the past 30 days of Nov 30
Slide 23: Stablecoins With Huge Growth Potential
With Huge Growth Potential Source: Standard Chartered ”Stablecoins: The first killer app” (https://av.sc.com/corp - en/nr/content/docs/sc - stablecoins - the - first - killer - app.pdf) and just . As the sector becomes legitimized, a move to measure is feasible. Current Potential Current At present,
Slide 24: Dual Engines for Stability & Growth
Dual Engines for Stability & Growth
Slide 25: Ethena: Leading DeFi Protocol
$2.0B $ENA Market Cap 15B Total $ENA Supply $7.18B USDe Supply $1.34B USDtb Supply 19% sUSDe APY 2024 24 Chains Accepted 867K Users 5% sUSDe APY current Ethena is a Leading DeFi Protocol on Ethereum, Issuing Crypto - Native Digital Dollars, whose governance token is $ENA Source: CoinMarketCap, https
Slide 26: USDe: The Largest DeFi-Native Stablecoin
▪ Ethena is the issuer of USDe, the 3rd largest digital dollar behind Tether (USDT) and Circle (USDC), and manages the issuance of USDtb, the 8th largest digital dollar. Source: DefiLlama.com as of Nov 30 th , 2025 Note: 1. While USDtb is issued by a third party, Ethena Labs created the architecture
Slide 27: Ethena Stablecoins: USDe & USDtb
- 3rd largest tokenized dollar asset - Offering relative stability to USD, without reliance on traditional banking - Peg stability supported via delta - neutral hedging of crypto assets - Revenue is generated from staking and funding rates - Collateral held in "Off - Exchange Settlement" solutions t
Slide 28: How USDe Works
Web3 Wallets ▪ Ethena’s USDe is a crypto - native synthetic dollar utilizing spot assets as backing, on - chain custody, and centralized liquidity venues Centralized Exchanges OES Providers USDe Redeem Receive USDT USDe Mint Deposit USDT Protocol Source: https://docs.ethena.fi/how - usde - works How
Slide 29: Risk factors
• Stablecoins and their Stablecoin Governance Tokens are a highly volatile asset, and MPU’s operating results may significantly fluctuate, including due to the highly volatile nature of the price of Stablecoins and their Stablecoin Governance Token and erratic market movements. • MPU operates in a h
Slide 30: Mega Matrix Inc. contact
Mega Matrix Inc. (NYSE American: MPU) 21 Floor, 88 Market Street, CapitaSpring, Singapore 048948 ir@megamatrix.io