Motorsport Games Q1 revenue doubles to $4.0M; net income $1.0M; repurchased shares from Driven Lifestyle

Motorsport Games Inc.

Revenue $4.0M, up 129% YoY; gross profit margin 87.2% vs 73.5%.
Net income $1.0M (flat YoY); adjusted EBITDA $1.5M vs $0.6M.
Le Mans Ultimate v1.3 introduced Barcelona circuit, LMP3 car, Logitech Trueforce; peak concurrent players 8,800.
Secured $3.0M revolving credit line from Citibank; maturity extended to Feb 2028.
Purchased 904,395 Class A shares and cancelled all Class B shares from Driven Lifestyle for $3.7M.

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