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 ...

MIAMI, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) ("Motorsport Games" or "the Company") has released the September Update for "Le Mans Ultimate", the official game of the FIA World Endurance Championship and the 24 Hours of Le Mans. This latest update, available now, includes a new co-op game mode, a completed Hypercar grid, and the release of iconic new content for fans of sportscar and sim racing. New game features in this update include a newly released co-op mode that allows ...

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 ...

Core Points - The first DLC pack for 'Le Mans Ultimate' has been released, marking the beginning of four planned DLC releases for 2024, which can be purchased individually or as part of a discounted Season Pass [1][11] - The inaugural DLC pack is themed around the Italian "Tifosi" and includes the Imola Circuit, Lamborghini SC63 LMDH, and Peugeot 9X8 LMH, available at an early access price of £9.99 / €11.99 / $12.99 [2][11] - Motorsport Games continues to support its community with free updates, including the release of two GT3 cars for free download and quality-of-life fixes [3][11] Company Overview - Motorsport Games is a racing game developer and publisher, officially licensed for the 24 Hours of Le Mans and the FIA World Endurance Championship, and has recently released 'Le Mans Ultimate' in Early Access [13] - The company aims to create an engaging racing ecosystem that combines video games with esports competitions, enhancing the experience for racing fans and gamers [13] Future Plans - Three additional DLC packs are expected to be released in September/October 2024, December 2024, and Early 2025, along with plans for new free features in the coming months [1][15]

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. "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 ...

Core Viewpoint - Motorsport Games Inc. has regained compliance with NASDAQ continued listing requirements, reflecting its commitment to corporate governance and financial integrity [1][2]. Company Developments - The company has implemented a 2022 Restructuring Plan that has saved $6.7 million in annualized costs by reducing excess headcount and closing unprofitable ventures [2]. - Motorsport Games is focusing on near-term revenue opportunities, including the recently released Le Mans Ultimate and partnerships such as the F1®️ Arcade with Kindred Concepts [2][3]. Industry Position - Motorsport Games is a developer and publisher of racing games and esports ecosystems, officially licensed for major motorsport series like the 24 Hours of Le Mans and the FIA World Endurance Championship [3]. - The company owns leading simulation platforms such as rFactor 2 and KartKraft, with rFactor 2 serving as the official sim racing platform for Formula E [3].