Quarterly ResultMay 13, 2026, 04:12 PM
Motorsport Games Q1 Revenue Doubles to $4.0M; EPS $0.06
AI Summary
Motorsport Games Inc. reported strong financial results for Q1 2026, with revenues more than doubling year-on-year to $4.0 million. The company achieved positive operating income and a significant improvement in Adjusted EBITDA to $1.5 million. Key milestones included the successful release of Le Mans Ultimate Version 1.3, securing a $3.0 million revolving line of credit, and a strategic share repurchase of 904,395 Class A shares for $3.7 million.
Key Highlights
- Q1 2026 revenue increased 129.3% to $4.0 million from $1.8 million in Q1 2025.
- Net income was $1.0 million in Q1 2026, consistent with $1.0 million in Q1 2025.
- Adjusted EBITDA improved to $1.5 million in Q1 2026 from $0.6 million in Q1 2025.
- Net income attributable to Class A common stock was $0.06 per share in Q1 2026.
- Repurchased 904,395 Class A shares and cancelled all Class B shares for $3.7 million.
- Secured a $3.0 million revolving line of credit with Citibank in February 2026.
- Cash and cash equivalents were $5.9 million as of March 31, 2026.
- Le Mans Ultimate Version 1.3 release achieved a peak of over 8,800 concurrent players.