Le Mans Ultimate to Launch Full 1.0 Release on July 22, 2025, Introducing Mercedes AMG LMGT3 Evo, Aston Martin Valkyrie, and a Glimpse Into the Future Le Mans Ultimate is set to be full released on 22nd July 2025, including the Aston Martin Valkyrie AMR and the Mercedes AMG LMGT3 Evo. Additionally, the European Le Mans Series content is confirmed for the title as well as future plans for a career mode. MIAMI, June 13, 2025 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “ ...

Le Mans Ultimate Introduces Driver Swaps, Team Management, Custom Liveries and Final 2024 WEC Content in Major June Update This latest update this release introduces a suite of innovative features including online driver swaps for Special Events, an online community Team Management system, the addition of customized liveries, and the completion of the 2024 WEC season content included in the 2024 Season Pass. MIAMI, June 10, 2025 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games ...

Q1 2025 Results May 9, 2025 This presentation provides select highlights about Motorsport Games Inc.'s results of operations. Please see Motorsport Games' Q1 2025 Form 10-Q, filed with the SEC and Q1 2025 earnings release for more complete information on the Company's results of operations, cash flows, financial condition and liquidity. motorsportgames 1 Q1 2025 Highlights Financial Highlights Key Highlights *Adjusted EBITDA is a non-GAAP financial measure. See definition of Adjusted EBITDA and its reconcil ...

Motorsport Games (MSGM) Q1 2025 Earnings Call May 09, 2025 05:00 PM ET Company Participants Ben Rossiter-Turner - VP of CompetitionStephen Hood - CEO & PresidentStanley Beckley - Chief Financial Officer Operator Thank you for standing by, and welcome to Motorsport Games Incorporated First Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. As a reminder, today's conference is being recorded. I would like to turn the conference over to Ben Rossiter Tu ...

Financial Data and Key Metrics Changes - Revenues for Q1 2025 were $1,800,000, down by $1,300,000 or 41.9% compared to the same period in the prior year [13] - Net income for the quarter was $1,000,000, an improvement of $2,700,000 from a net loss of $1,700,000 in the prior year [14] - Adjusted EBITDA was $600,000 for Q1 2025, compared to an adjusted EBITDA loss of $1,000,000 in the same period last year, reflecting an improvement of $1,600,000 [15] - Cash and cash equivalents increased from $1,100,000 as of March 31, 2025, to $3,100,000 by April 30, 2025, primarily due to $2,350,000 in net proceeds from a private placement [16] Business Line Data and Key Metrics Changes - Net revenues from the Le Mans Ultimate racing title increased by $400,000 in Q1 2025 compared to the same period in 2024, despite Q1 2024 being the release quarter for the game [6] - Total revenues decreased primarily due to a $1,500,000 drop in NASCAR-related revenues, as the company is no longer authorized to sell that title starting in 2025 [13][14] Market Data and Key Metrics Changes - The company noted that shares traded more than 2.5 times higher following the announcement of a $2,500,000 investment, indicating increased market confidence [6] Company Strategy and Development Direction - The company is focusing on building owned infrastructure around its gaming titles, particularly through the Race Control subscription platform [6] - Plans to move Le Mans Ultimate from early access to a full release version 1.0 are underway, which is expected to unlock new sales and marketing tactics [9] - The company is exploring opportunities to bring Le Mans Ultimate to PlayStation and Xbox, with discussions ongoing with potential publishing collaborators [10] - The company aims to diversify its portfolio and generate new revenue streams in the underserved racing game market [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's improved state and the potential for growth following the recent investment [5] - The company is taking measures to reduce costs and expects to have a net cash outflow from operations for the foreseeable future as it continues to develop its product portfolio [16] Other Important Information - The company is revisiting its esports event output, particularly the 24 Hours of Le Mans virtual event, which historically attracted significant attention and sponsorship revenue [10] - The company has a live licensing agreement with Kindred Concepts, with fees growing alongside their expansion [11] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number: 001-39868 Motorsport Games Inc. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 86-1791 ...

Financial Performance - Revenue for Q1 2025 was approximately $1.8 million, a decrease of 41.9% compared to approximately $3.0 million in Q1 2024[6] - Gross profit for Q1 2025 was $1.3 million, down from $2.4 million in the same period last year, with a gross profit margin decrease to 73.5% from 78.0%[6] - Net income for Q1 2025 was $1.0 million, an improvement of $2.7 million compared to a net loss of $1.7 million in Q1 2024[7] - Adjusted EBITDA for Q1 2025 was $0.6 million, an improvement of $1.6 million from an Adjusted EBITDA loss of $1.0 million in Q1 2024[8] - Revenues for Q1 2025 were $1,758,453, a decrease of 42% compared to $3,029,036 in Q1 2024[34] - Gross profit for Q1 2025 was $1,293,067, down from $2,362,409 in Q1 2024, reflecting a decline of 45%[34] - Total operating expenses in Q1 2025 were $1,886,262, a reduction of 47% from $3,577,733 in Q1 2024[34] - The net income attributable to Motorsport Games Inc. for Q1 2025 was $1,041,058, compared to a net loss of $1,664,956 in Q1 2024[34] - Basic and diluted net income per share for Q1 2025 was $0.33, a significant improvement from a loss of $0.61 per share in Q1 2024[34] - The company reported a loss from operations of $93,195 in Q1 2025, an improvement from a loss of $1,215,324 in Q1 2024[34] Funding and Liquidity - The company raised $2.5 million in gross proceeds from a private placement of Class A common stock, which closed on April 11, 2025[9] - Cash and cash equivalents increased from approximately $1.1 million as of March 31, 2025, to $3.1 million as of April 30, 2025[11] - The company is exploring options for additional funding, including potential equity and debt financing arrangements[13] - The company continues to seek strategic alternatives to improve liquidity, including the potential sale or licensing of certain assets[17] - The company aims to improve liquidity through cost reduction and restructuring initiatives[27] Operational Changes - The workforce reduction in October 2024 impacted approximately 38% of the company's employees, aimed at reducing year-over-year operating expenses[14] - The company anticipates challenges in achieving growth plans and objectives due to various risks and uncertainties, including market conditions and operational costs[28] Product Development - The company plans a significant update for the Le Mans Ultimate game on June 10, 2025, featuring new game features and the final 2024 season content pack[4] - The company plans to release significant updates for the Le Mans Ultimate game, including new features and the final 2024 content pack[27]

Motorsport Games Reports First Quarter 2025 Financial Results Financial results for Q1 2025 for Motorsport Games (NASDAQ:MSGM) have been published. MIAMI, May 09, 2025 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”) today reported financial results for its first quarter ended March 31, 2025. The Company has also posted the first quarter 2025 earnings slides highlighting key milestones that occurred during and subsequent to the period, which are accessible ...

For more information about Motorsport Games visit: www.motorsportgames.com. Website and Social Media Disclosure: Investors and others should note that the Company announces material financial information to its investors using its investor relations website (ir.motorsportgames.com), SEC filings, press releases, public conference calls and webcasts. The Company uses these channels, as well as social media and blogs, to communicate with its investors and the public about the Company and its products. It is po ...

Core Viewpoint - Motorsport Games Inc. has regained compliance with the Nasdaq Stock Market's stockholders' equity requirement, indicating progress and momentum for the company [1][2]. Company Overview - Motorsport Games is a developer and publisher of racing games, including titles like Le Mans Ultimate, and is involved in the esports ecosystem for motorsport racing [3]. - The company is the officially licensed developer for major racing series such as the 24 Hours of Le Mans and the FIA World Endurance Championship [3]. - Motorsport Games also owns simulation platforms like rFactor 2 and KartKraft, with rFactor 2 serving as the official simulation platform for Formula E [3]. Recent Developments - The CEO, Stephen Hood, highlighted that regaining compliance with Nasdaq's equity requirement validates the company's progress and is supported by a recent strategic investment led by Pimax [2]. - The company is experiencing product momentum with Le Mans Ultimate and has introduced a new subscription service through RaceControl, alongside implementing cost-control measures [2].