Quarterly ResultMay 13, 2026, 04:14 PM
Motorsport Games Q1 Revenue Doubles to $4.0M; Adjusted EBITDA $1.5M
AI Summary
Motorsport Games Inc. reported strong financial results for the first quarter ended March 31, 2026, with revenues more than doubling year-over-year to $4.0 million. The company achieved positive operating income and a significant improvement in Adjusted EBITDA to $1.5 million. Key developments include the release of Le Mans Ultimate Version 1.3, securing a new $3.0 million revolving line of credit, and a $3.7 million share repurchase from Driven Lifestyle Group LLC.
Key Highlights
- Q1 2026 revenue more than doubled to $4.0 million, up 129.3% YoY.
- Adjusted EBITDA increased to $1.5 million in Q1 2026 from $0.6 million.
- Net income was $1.0 million in Q1 2026, matching Q1 2025.
- Gross profit margin improved to 87.2% from 73.5% year-over-year.
- Repurchased 904,395 Class A shares for $3.7 million in April 2026.
- Secured a $3.0 million revolving line of credit with Citibank.
- Le Mans Ultimate Version 1.3 release achieved over 8,800 concurrent players.
Price Impact
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