Exhibit 99.1 Motorsport Games Reports Second Quarter 2024 Financial Results MIAMI, Florida – August 9, 2024 — Motorsport Games Inc. (NASDAQ: MSGM) ("Motorsport Games" or "the Company") today reported financial results for its second quarter ended June 30, 2024. The Company has also posted the second quarter 2024 earnings slides highlighting key milestones that occurred during and subsequent to the period, which are accessible on the Company's investor relations website. "We are pleased to have built upon th ...

MIAMI, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) ("Motorsport Games" or "the Company") today reported financial results for its second quarter ended June 30, 2024. The Company has also posted the second quarter 2024 earnings slides highlighting key milestones that occurred during and subsequent to the period, which are accessible on the Company's investor relations website. "We are pleased to have built upon the foundation that our successful launch of Le Mans Ultimate achieved ...

Motorsport Games is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series. Combining innovative and engaging video games with exciting esports competitions and content for racing fans and gamers, Motorsport Games strives to make racing games that are authentically close to reality. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series including the 24 Hours of Le Mans and the FIA World Endurance Champion ...

This pack is the first of four 2024 DLC releases, which can also be purchased as part of the "2024 Season Pass", allowing players to pre-purchase all four packs at a discounted rate. The Season Pass will include four new Hypercars, four iconic circuits, and seven closely matched GT3 cars. The three following packs, not all of equal sizes, are expected for users to enjoy in September/October 2024, December 2024 and Early 2025 respectively. The inaugural DLC pack ("2024 Pack 1") is themed around the Italian " ...

MIAMI, July 10, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ:MSGM), a racing game developer and publisher, today disclosed its preliminary financial results on an unaudited basis for the quarter ending June 30, 2024. The company anticipates reporting net income ranging between $1.6 million and $1.8 million for the quarter ending June 30, 2024, compared to a net loss of $8.2 million reported during the same period in the previous year. This expected increase in net income is primarily due to: Recog ...

The update includes the introduction of new gameplay features requested by the community such as a Radar to help players with situational awareness in close-quarter situations. Also added to the title is a Replay Suite, that allows players to review and analyze their race performance has also been added. Race starts have also been improved and designed to provide a more controlled and engaging procedure in offline and online races. Furthermore, Driver Labels have been added to assist users in knowing the ca ...

MIAMI, June 05, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM), the racing game developer and publisher, is pleased to announce that it has regained compliance with the continued listing requirements of the NASDAQ Stock Market. Forward Looking Statements Certain statements in this press release which are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as ame ...

MIAMI, June 05, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM), the racing game developer and publisher, is pleased to announce that it has regained compliance with the continued listing requirements of the NASDAQ Stock Market. "We are pleased to have regained compliance with NASDAQ continuing listing requirements," said Stephen Hood, CEO of Motorsport Games Inc. "This milestone reflects our dedication to maintaining strong corporate governance and financial integrity. We are excited about th ...

Stanley Beckley Stephen Hood Michael Kupinski So, for us, itÂ's really about trying to conclude this year and ensure that by the end of 2024, we have the entirety of the 2024 calendar, the circuit and the cars incorporated in the product. So, that really gives them six  Michael Kupinski Those features do come in at a fixed expense, and weÂ're looking for players to invest in this journey with us. So, the subscription is probably all being well coming online around July or August this year. Out of the [Tech ...

motorsport GAMES 1 May 7, 2024 Q1 2024 Highlights • Q1 2024 Revenues of $3.0 million • Q1 2024 Adjusted EBITDA loss was $0.4 million* Key Highlights and Subsequent Business Update • Net loss decreased to $1.7 million in Q1 2024 compared to a net loss of $5.3 million in Q1 2023, an improvement of 68.0%. • Executed BTCC Settlement Agreement and entered into new BTCC License Agreement. 2 MOTORSPORT GAMES INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) [1] Includes related part ...