Motorsport Games Inc. - MSGM STOCK NEWS

Welcome to our dedicated page for Motorsport Games news (Ticker: MSGM), a resource for investors and traders seeking the latest updates and insights on Motorsport Games stock.

Motorsport Games Inc. (NASDAQ: MSGM) is a leading developer, publisher, and esports ecosystem provider for official motorsport racing series. Headquartered in Miami, Florida, the company was founded in 2018 and has since combined engaging video games with exciting esports competitions and content for racing fans and gamers worldwide.

The core business of Motorsport Games Inc. revolves around the development and publishing of interactive racing video games. It holds licensing agreements for iconic motorsport racing series such as NASCAR and the British Touring Car Championship (BTCC). The company is also an esteemed esports partner for NASCAR, 24 Hours of Le Mans, Formula E, BTCC, and the FIA World Rallycross Championship, among others.

The company's business segments include the development and publishing of video games, entertainment content, and services, and the organization and facilitation of esports tournaments. Motorsport Games Inc. recently announced new features and updates for its flagship game, Le Mans Ultimate, introducing a Radar feature, Replay Suite, and improved race starts. They also plan to release additional 2024 content including new cars and circuits throughout the next 12 months.

In the esports sector, the company recently resolved a licensing dispute with BTCC and signed a new non-exclusive license agreement to reinstate BTCC content in the acclaimed rFactor 2 racing simulation. Moreover, they launched a new platform, RaceControl.gg, in collaboration with Coach Dave Academy, to enhance player engagement with their games.

Despite facing some financial challenges, Motorsport Games continues to focus on expanding its product portfolio and improving its existing offerings. The company remains committed to providing an authentic racing experience for its users and has plans to further innovate and enhance its gaming and esports platforms.

Recent financial results and updates, including strategic plans and partnerships, are available on the company’s investor relations website and through various media channels.

03/27/2024 09:00 AM

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Motorsport Games to Report Fourth Quarter of 2023 & Full Year 2023 Financial Results

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Motorsport Games Inc. (NASDAQ: MSGM) will announce its financial results for Q4 2023 and full fiscal year 2023 on April 1, 2024. The company, known for its racing games and esports ecosystem, will host a conference call to discuss the results.

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02/20/2024 09:00 AM

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Official 24 Hours of Le Mans Game, Le Mans Ultimate, available today

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Motorsport Games Inc. launches Le Mans Ultimate, the official game of FIA World Endurance Championship and 24 Hours of Le Mans, in Early Access. The game features realistic cars and circuits from the 2023 FIA WEC, developed with extensive manufacturer support. Players can drive at iconic locations like Sebring, Spa-Francorchamps, and Le Mans. The game is created by Studio 397, leveraging their advanced physics technology. Motorsport Games CEO, Stephen Hood, highlights the transformation of the business and the focus on game development. The partnership with the ACO is reaffirmed, with plans to expand Le Mans Ultimate and enhance the gaming experience. The game launch coincides with the growing interest in the 24 Hours of Le Mans and World Endurance Championship, with increased viewership and new competitors like BMW and Lamborghini joining the grid in 2024.

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02/01/2024 09:00 AM

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Le Mans Ultimate announces Early Access release plan ahead of February launch

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Le Mans Ultimate, the official game of the 24 Hours of Le Mans and FIA World Endurance Championship, will be released in Early Access form on Tuesday 20th February. The game will feature all the cars and circuits from the memorable centenary year in 2023, including Hypercars from that season. The price is set at €29.99 EUR / £24.99 GBP / $32.99 USD for day one release, with incremental price increases for new purchasers as the game evolves through Early Access. The community will be encouraged to take part in future polls, events, forums, and suggestions to shape future developments.

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11/07/2023 04:01 PM

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Motorsport Games Reports Third Quarter 2023 Financial Results

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Motorsport Games Inc. (NASDAQ: MSGM) reported a net loss of $3.5 million, or $1.28 per share, for Q3 2023, representing a $5 million reduction from the same period in 2022, primarily due to cost reductions and increased revenue. The company also announced the sale of its NASCAR license, with plans to release the Le Mans Ultimate game in February 2024.

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11/01/2023 09:00 AM

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Motorsport Games to Report Third Quarter 2023 Financial Results

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Motorsport Games Inc. will report its financial results for Q3 2023 on November 7, 2023, after market close. A conference call and webcast will be held at 5:00 p.m. ET on the same day to discuss the results.

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10/05/2023 09:55 AM

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iRacing Acquires NASCAR Team Properties' Exclusive Simulation-Style Console Racing Game License

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iRacing to develop NASCAR console game available in 2025

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10/05/2023 09:01 AM

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Exclusive Simulation-Style NASCAR® Video Game License Sold to iRacing

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Motorsport Games announces sale and transfer of NASCAR license for console racing games to iRacing

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08/21/2023 04:10 PM

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Motorsport Games Reports Second Quarter 2023 Financial Results

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Motorsport Games Inc. reports Q2 2023 financial results with a net loss of $8.2 million and an Adjusted EBITDA loss of $2.7 million. Revenue for 2023 decreased by 13.4% compared to 2022. The company has a cash and cash equivalents position of $1.4 million and may require additional funding to continue operations.

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08/16/2023 09:00 AM

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Motorsport Games to Report Second Quarter 2023 Financial Results

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Motorsport Games Inc. will report its financial results for Q1 2023 on August 21, 2023, after market close. A conference call and webcast will be held to discuss the results.

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06/23/2023 09:00 AM

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NASCAR Heat 5 Next Gen Car Update (2022) DLC Released

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FAQ

What is the current stock price of Motorsport Games (MSGM)?

The current stock price of Motorsport Games (MSGM) is $1.39 as of January 29, 2025.

What is the market cap of Motorsport Games (MSGM)?

The market cap of Motorsport Games (MSGM) is approximately 5.1M.

What does Motorsport Games Inc. do?

Motorsport Games Inc. develops and publishes interactive racing video games and organizes esports tournaments and events for licensed racing games worldwide.

Where is Motorsport Games Inc. headquartered?

The company is headquartered in Miami, Florida.

What are some of the iconic racing series Motorsport Games Inc. holds licenses for?

Motorsport Games Inc. holds licenses for iconic racing series including NASCAR and the British Touring Car Championship (BTCC).

What recent updates have been made to the Le Mans Ultimate game?

Recent updates to the Le Mans Ultimate game include new gameplay features such as a Radar, Replay Suite, improved race starts, and new 2024 content, including cars and circuits.

What is RaceControl.gg?

RaceControl.gg is a new platform launched by Motorsport Games in collaboration with Coach Dave Academy to enhance player engagement with the latest news, updates, tips, and tricks.

What recent partnership did Motorsport Games Inc. sign with BTCC?

Motorsport Games Inc. recently resolved a licensing dispute with BTCC and signed a new non-exclusive license agreement to reinstate BTCC content in the rFactor 2 racing simulation.

How does Motorsport Games Inc. distribute its revenue?

The majority of Motorsport Games Inc.'s revenue is earned from gaming, specifically from the development and publishing of interactive racing video games.

What are Motorsport Games Inc.'s future plans?

Motorsport Games Inc. plans to continue expanding its product portfolio, innovate its gaming and esports platforms, and release new content for its games, such as the Le Mans Ultimate 2024 content.