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.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Motorsport Games Inc. reported its first quarter ended March 31, 2026 results: revenue $4.0 million, net income $1.0 million, EPS $0.06 per share.

Period: its first quarter ended March 31, 2026
Revenue: $4.0 million
Net income: $1.0 million
EPS: $0.06 per share
Result: reported results

Exact text from the filing

and strategic influence to the Company and ultimately to the benefit of all shareholders.” First Quarter 2026 Highlights and Subsequent Business Update ● Generated revenues of $4.0 million in Q1 2026 compared to $1.8 million in Q1 2025, an improvement of $2.3 million, or 129.3%. ● Generated net income of $1.0 million in Q1 2026, in line with $1.0 million in Q1

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Motorsport Games Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-022723

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