Motorsport Games Reports First Quarter 2026 Financial Results

Motorsport Games Inc. (NASDAQ: MSGM) reported first-quarter 2026 financial results on May 13, 2026, showing revenues of $4.0 million, up 129.3% from $1.8 million in Q1 2025. The company attributed the growth to strong performance in its *Le Mans Ultimate* game and the RaceControl subscription platform, which delivered positive operating income for the quarter. *Le Mans Ultimate* saw record player engagement in March, peaking at over 8,800 concurrent users after the release of Version 1.3. This update introduced the Circuit de Barcelona-Catalunya track, the Duqueine D09 LMP3 race car, Logitech Trueforce support, and console development improvements. The company highlighted its consistent development pace, emphasizing user interface upgrades for future console releases. Net income for Q1 2026 was $1.0 million, matching the prior-year figure but adjusted for legal fee reimbursements in 2025. Adjusted EBITDA improved to $1.5 million, up from $0.6 million in Q1 2025. The company also secured a $3.0 million revolving line of credit from Citibank in February to fund product investments and platform expansion. Motorsport Games completed a share repurchase from Driven Lifestyle Group LLC in April, acquiring 904,395 shares of Class A common stock and canceling all outstanding Class B shares. CEO Stephen Hood noted the financial stability as a foundation for future growth, including expanding *Le Mans Ultimate* to consoles and developing new titles. The company plans to leverage its strengthened position to return value to shareholders while maintaining its development and community engagement strategies.