Motorsport Games Inc (NAS:MSGM)
$ 3.99 +0.11 (+2.84%) Market Cap: 18.31 Mil Enterprise Value: 14.32 Mil PE Ratio: 3.41 PB Ratio: 2.87 GF Score: 53/100

Q4 2025 Motorsport Games Inc Earnings Call Transcript

Mar 10, 2026 / 09:00PM GMT
Release Date Price: $4.35 (-10.12%)

Key Points

Positve
  • Motorsport Games Inc (MSGM) achieved record profitability with a 30% year-over-year revenue growth.
  • The company generated consistent positive quarterly cash flow and improved its cash position, with cash and cash equivalents increasing from $5 million at the end of 2025 to $6 million by February 2026.
  • Le Mans Ultimate has seen significant player engagement, with average concurrent players on Steam increasing nearly four-fold from January to December 2025.
  • RaceControl, the company's proprietary matchmaking and competitive racing platform, has over 400,000 registered accounts and more than 26,000 active paying subscribers, generating approximately $0.2 million in monthly recurring revenue.
  • Motorsport Games Inc (MSGM) has secured a $3 million revolving line of credit from Citibank, providing financial flexibility for future developments.
Negative
  • Despite the positive financial performance, the company has not provided any forward-looking guidance, which may create uncertainty for investors.
  • The company is still in the process of bringing Le Mans Ultimate to PlayStation and Xbox consoles, with a release expected in late 2026 or early 2027, which could delay potential revenue growth from these platforms.
  • Motorsport Games Inc (MSGM) has invested very little in marketing, relying primarily on organic growth, which may limit its ability to reach a wider audience quickly.
  • The company faces competition from other racing titles in the market, which could impact its market share and player base.
  • Development costs have decreased due to restructuring and reduced payroll for developers and contractors, which may impact the company's ability to scale quickly if demand increases.
Operator

Thank you for standing by, and welcome to Motorsport Games, Inc's fourth-quarter and full year 2025 Earnings Call. As a reminder, today's conference is being recorded.

I would now like to turn the conference over to Ben Rossiter-Turner from Motorsport Games.

Ben Rossiter;Turner
Motorsport Games Inc - Vice President

Thank you, and welcome to Motorsport Games fourth-quarter and Full Year 2025 Earnings Conference Call and Webcast. On today's call is Motorsport Games' Chief Executive Officer, Stephen Hood; and Chief Financial Officer, Stanley Beckley. By now, everyone should have access to the company's fourth-quarter and full year 2025 earnings press release filed today after the market close.

This is available on the Investor Relations section of Motorsport Games website at www.motorsportgames.com. During the course of this call, management will make certain forward-looking statements. which are any statements that are not historical facts within the

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