Core Viewpoint - Motorsport Games Inc. has received a favorable summary judgment from the U.S. District Court for the District of Delaware, resolving a legal dispute with Innovate 2 Corp. and allowing the company to focus on its core business of developing racing games [1][2][3]. Group 1: Legal Outcome - The U.S. District Court granted summary judgment in favor of Motorsport Games and other defendants, including former executives, on all counts related to the case against Innovate 2 Corp. [1][2] - The judgment specifically addressed a breach of the stock purchase agreement, ruling in favor of Motorsport Games [2]. Group 2: Company Statements - Stephen Hood, President and CEO of Motorsport Games, expressed satisfaction with the court's ruling, emphasizing that the company and its former representatives acted in good faith [3]. - The company aims to move forward and concentrate on creating engaging racing game experiences, such as "Le Mans Ultimate" [3]. Group 3: Company Overview - Motorsport Games is a developer and publisher of racing games, providing an esports ecosystem for official motorsport racing series [4]. - The company is known for its licensed video games for prestigious racing series, including the 24 Hours of Le Mans and the FIA World Endurance Championship, and has recently released "Le Mans Ultimate" in Early Access [4]. - Motorsport Games also owns the rFactor 2 and KartKraft simulation platforms, with rFactor 2 serving as the official sim racing platform for Formula E [4].

Core Viewpoint - Motorsport Games Inc. is enhancing "Le Mans Ultimate" with the release of new LMGT3 cars and quality of life improvements, aiming to increase player engagement and satisfaction [1][6]. Content Update - The latest update introduces three new LMGT3 cars: the Aston Martin Vantage AMR LMGT3, the Porsche 911 GT3 R LMGT3, and a free Ford Mustang LMGT3 for Early Access players [2][3]. - The update also includes significant improvements to the LMGT3 tyre model, enhancing realism and stability based on real-world data [4]. Pricing and Access - "2024 Pack 4" is available for an early access price of £5.99 / €6.49 / $6.99, with a Season Pass priced at £39.99 / €46.99 / $48.99, which includes five packs in total [5]. - The next update, "2025 Pack 5," is expected in May 2025, featuring an additional circuit and two more LMGT3 cars [5]. Company Strategy - The CEO of Motorsport Games expressed confidence that the new content and improvements will delight fans and keep them engaged, following a previous update that significantly increased player numbers and playtime [6]. - The company aims to create a virtual racing ecosystem that combines engaging video games with esports competitions [7].

Core Viewpoint - Motorsport Games Inc. reported strong momentum and player enthusiasm for its title Le Mans Ultimate, driven by new content and features released in December 2024, while focusing on streamlining business costs and exploring strategic partnerships to maximize shareholder value [3][16]. Financial Performance - The company expects fourth quarter 2024 revenues to range from $1.8 million to $2.1 million, and full year 2024 revenues to be between $8.5 million and $8.8 million, compared to $1.7 million and $6.9 million for the same periods in 2023 [4][16]. - Total operating expenses are anticipated to be between $2.0 million and $2.4 million for the fourth quarter of 2024, and from $11.1 million to $11.5 million for the full year 2024, down from $3.8 million and $22.7 million in the previous year [5][16]. - The expected net loss for the fourth quarter of 2024 is projected to be between $2.5 million and $2.9 million, with a full year net loss ranging from $2.6 million to $3.0 million, contrasting with a net income of $2.7 million and a net loss of $14.3 million in 2023 [6][16]. Business Developments - The company launched a new subscription option within its RaceControl platform, which exceeded internal forecasts in cash generation, indicating strong user engagement [16]. - Le Mans Ultimate has surpassed 100,000 net unit sales and is expected to continue expanding through at least 2025 due to positive market reception and strong demand for additional content [16].

e motorsport motorsportgames 1 Q3 2024 Results November 14, 2024 This presentation provides select highlights about Motorsport Games Inc.'s results of operations. Please see Motorsport Games' Q3 2024 Form 10-Q, filed with the SEC and Q3 2024 earnings release for more complete information on the Company's results of operations, cash flows, financial condition and liquidity. Q3 2024 Highlights Financial Highlights • Q3 2024 Revenues of $1.8 million • Q3 2024 Net Loss was $0.6 million • Q3 2024 Adjusted EBITDA ...

Motorsport Games Inc. (NASDAQ:MSGM) Q3 2024 Earnings Conference Call November 14, 2024 5:00 PM ET Company Participants Ben Rossiter-Turner - Investor Relations Stephen Hood - Chief Executive Officer Stanley Beckley - Chief Financial Officer Conference Call Participants Operator Thank you for standing by and welcome to Motorsport Games Inc. Third Quarter 2024 Earnings Call. [Operator Instructions]. As a reminder, today's conference is being recorded. I would like to turn the conference over to Ben Rossiter-T ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 86-1791356 State or other jurisdiction of incorporation or organization I.R.S. Employer Identification No. 5972 NE 4th Avenue Miami, FL 33137 Address of principal executive offices Zip Code Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, $0.0001 par value per share MSGM The Nasdaq Stock Market LLC (The Nasdaq Capital Market) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT T ...

Exhibit 99.1 Motorsport Games Reports Third Quarter 2024 Financial Results MIAMI, Florida – November 14, 2024 — Motorsport Games Inc. (NASDAQ: MSGM) ("Motorsport Games" or "the Company") today reported financial results for its third quarter ended September 30, 2024. The Company has also posted the third 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. "The business has continued to t ...

MIAMI, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”) today reported financial results for its third quarter ended September 30, 2024. The Company has also posted the third 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. “The business has continued to take useful strides in Q3 2024 with further product updates, business st ...

MIAMI, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”), a racing game developer, publisher and esports ecosystem provider of official motorsport racing series, will report its financial results for the third quarter of 2024 on Thursday, November 14, 2024 after market close. Management will host a conference call and webcast on the same day at 5:00 p.m. ET to discuss the results. Participants may access the webcast on the Company’s investor relatio ...

MIAMI, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) ("Motorsport Games" or "the Company") is announcing that the Board of Directors has authorized management to consider strategic alternatives to maximize shareholder value, including a potential sale or merger of the Company. Management is also seeking funding that would allow it to deliver on viable opportunities including bringing Le Mans Ultimate to Sony PlayStation and Microsoft Xbox gaming consoles. Le Mans Ultimate is the off ...