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Motorsport Games (MSGM) investor relations material
Motorsport Games Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 revenue reached $3.1 million, up 71.9% year-over-year, driven by Le Mans Ultimate, Race Control, and new ELMS content, with record user engagement and operational profit for the second consecutive quarter.
Net income for Q3 2025 was $0.8 million, reversing a net loss of $0.6 million in Q3 2024, and EPS improved to $0.14 from a loss of $0.18.
Adjusted EBITDA for Q3 2025 was $1.1 million, up from $0.1 million year-over-year, reflecting improved profitability and operational efficiency.
Player engagement reached record highs, especially around the Version 1.0 and ELMS content releases.
Announced early production of a console port for Le Mans Ultimate, targeting PlayStation and Xbox with estimated delivery between late 2026 and early 2027.
Financial highlights
Gross profit for Q3 2025 was $2.5 million (80.7% margin), up from $1.1 million (60.2% margin) in Q3 2024.
Operating expenses for Q3 2025 totaled $1.7 million.
Cash and cash equivalents were $4.1 million as of September 30, 2025, increasing to $4.5 million by October 31, 2025.
Average positive cash flow from operations was $0.3 million per month for the nine months ended September 30, 2025.
Net income attributable to the company for Q3 2025 was $0.8 million.
Outlook and guidance
Console version of Le Mans Ultimate in development, targeting late 2026 or early 2027 release.
No forward-looking financial guidance provided, but management expects current cash to fund operations for at least one year.
Active discussions underway for external investment and marketing partnerships for the console launch.
Plans to expand recurring revenue base through subscriptions and new annualized sports franchise games.
Ongoing evaluation of cost-saving initiatives and strategic alternatives, including potential asset sales or licensing.
Update on console port financing and marketing partners
Future game development strategy beyond LMU
Le Mans Virtual eSports monetization and impact
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Next Motorsport Games earnings date
Q4 202520 Mar, 2026
Next Motorsport Games earnings date
Q4 202520 Mar, 2026
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Frequently asked questions
Motorsport Games Inc. is a video game developer and publisher focused on creating racing games and esports experiences. The company develops and publishes titles based on popular motorsport series, including official games for NASCAR, among others. Motorsport Games also organizes and promotes virtual racing competitions through its esports platform, providing immersive experiences for motorsport fans and gamers alike. The company is headquartered in Miami, Florida, and its shares are listed on the NASDAQ.
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