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MSGM - Motorsport Games to Report Fourth Quarter and Full Year 2024 Financial Results


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  • March, 14 2025 04:00 PM
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  • GlobeNewswire

MWN AI Summary *

Motorsport Games Inc. (NASDAQ: MSGM), a developer and publisher dedicated to racing video games and esports, is set to disclose its financial results for the fourth quarter and full year of 2024 on Thursday, March 20, 2025, after market close. This announcement will be followed by a conference call and webcast at 5:00 p.m. ET the same day, where management will discuss the performance outcomes. Interested participants can access the live webcast through the company’s investor relations website, which will also provide an archived recording for 12 months post-event. Those who prefer to join the call can dial in using the provided conference ID.

Motorsport Games focuses on creating immersive racing experiences, aligning itself with prestigious motorsport series such as the 24 Hours of Le Mans and the FIA World Endurance Championship. They aim to provide authentic gameplay through their recently launched title, Le Mans Ultimate, currently in Early Access. The company is also recognized for owning advanced simulation platforms like rFactor 2 and KartKraft, with rFactor 2 powering F1® Arcade in collaboration with Kindred Concepts.

In addition to game development, Motorsport Games is a prominent esports partner, known for hosting the renowned Le Mans Virtual Series. The company aspires to cultivate a comprehensive virtual racing ecosystem that not only excites players but also offers thrilling esports events and inspires fans worldwide.

For ongoing updates and material financial information, Motorsport Games encourages stakeholders to visit their investor relations website, follow their social media platforms, and stay engaged through various communication channels, including SEC filings and press releases. These platforms will keep investors informed about the company’s products and performance.

MWN AI Analysis *

As Motorsport Games Inc. (NASDAQ: MSGM) prepares to release its fourth quarter and full-year financial results on March 20, 2025, investors should closely monitor key indicators that will shed light on the company's performance and growth trajectory. Given the company's niche focus on racing games and esports, with strong partnerships in the motorsport sector, understanding the upcoming report will be crucial for making informed investment decisions.

Investors should particularly focus on revenue figures, which should reflect the success of recent game launches, like "Le Mans Ultimate," and the overall engagement in esports events such as the "Le Mans Virtual Series." Given the increasing popularity of esports, any growth in user engagement or support from sponsors in these tournaments can significantly enhance future revenue projections.

Additionally, profitability metrics, such as gross margins and operating income, will indicate the company's operational efficiency. Increasing costs related to game development or marketing in a highly competitive landscape may pressure margins. Therefore, looking for signs of scalability in operational expenditures will be vital during the earnings call.

Management’s commentary during the conference call can also provide insights into strategic plans, including potential collaborations or expansions. Investors should be alert for mentions of new game releases or updates to existing platforms like rFactor 2, which may create additional revenue streams.

Finally, assessing guidance for 2025 can provide a benchmark for expected growth. If Motorsport Games projects positive revenue growth alongside strategic initiatives, it could be a bullish signal for investors. Overall, diligent monitoring of these aspects—financial performance, operational efficiencies, management's outlook, and market positioning—will be key to guiding investment strategies in the lead-up to the earnings release.

* MWN AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.


MIAMI, March 14, 2025 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”), a racing game developer, publisher and esports ecosystem provider of official motorsport racing series, will report its financial results for the fourth quarter and full year 2024 fiscal year on Thursday, March 20, 2025 after market close. Management will host a conference call and webcast on the same day at 5:00 p.m. ET to discuss the results.

Participants may access the webcast on the Company’s investor relations website at https://ir.motorsportgames.com under “Events.” This webcast will be available live and remain accessible as a recording for 12 months following the date of the call. The call may also be accessed live by dialing 1-800-267-6316 or 1-203-518-9783 and using Conference ID “MOTOR”.

About Motorsport Games:
Motorsport Games is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series. Combining innovative and engaging video games with exciting esports competitions and content for racing fans and gamers, Motorsport Games strives to make racing games that are authentically close to reality. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series including the 24 Hours of Le Mans and the FIA World Endurance Championship, recently releasing Le Mans Ultimate in Early Access. Motorsport Games also owns the industry leading rFactor 2 and KartKraft simulation platforms. rFactor 2 also powers F1® Arcade through a partnership with Kindred Concepts. Motorsport Games is also an award-winning esports partner of choice for the 24 Hours of Le Mans, creating the renowned Le Mans Virtual Series . Motorsport Games is building a virtual racing ecosystem where each product drives excitement, every esports event is an adventure, and every race inspires.

For more information about Motorsport Games visit: www.motorsportgames.com.

Website and Social Media Disclosure :

Investors and others should note that the Company announces material financial information to its investors using its investor relations website ( ir.motorsportgames.com ), SEC filings, press releases, public conference calls and webcasts. The Company uses these channels, as well as social media and blogs, to communicate with its investors and the public about the Company and its products. It is possible that the information the Company posts on its websites, social media and blogs could be deemed to be material information. Therefore, the Company encourages investors, the media and others interested in the Company to review the information it posts on the websites, social media channels and blogs, including the following (which list the Company will update from time to time on its investor relations website):

Websites Social Media
motorsportgames.com Twitter: @msportgames
Instagram: msportgames
Facebook: Motorsport Games
LinkedIn: Motorsport Games


The contents of these websites and social media channels are not part of, nor will they be incorporated by reference into, this press release.

Contacts:
Investors:
investors@motorsportgames.com

Media:
pr@motorsportgames.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e9077b1b-0c92-442d-ac68-10829a834b41



MWN AI FAQ **

What specific financial metrics will Motorsport Games Inc. MSGM highlight in their upcoming report for the fourth quarter and full year 2024 fiscal year on March 20, 2025?

Motorsport Games Inc. is likely to highlight financial metrics such as revenue growth, net income or loss, EBITDA, cash flow, and key performance indicators related to game sales and user engagement in their upcoming report for Q4 and FY 2024 on March 20, 2025.

How does Motorsport Games Inc. MSGM plan to leverage its esports ecosystem in future releases to enhance revenue growth and consumer engagement?

Motorsport Games Inc. (MSGM) plans to leverage its esports ecosystem by integrating competitive gaming features into future releases, enhancing community engagement through tournaments and partnerships, and expanding monetization strategies to drive revenue growth.

In what ways has the release of Le Mans Ultimate impacted Motorsport Games Inc. MSGM’s market position and sales projections for the upcoming fiscal year?

The release of Le Mans Ultimate has bolstered Motorsport Games Inc. (MSGM)'s market position by enhancing brand visibility and sales projections for the upcoming fiscal year, driven by strong fan engagement and demand for immersive racing experiences.

What strategies does Motorsport Games Inc. MSGM have in place to attract new users to their platforms, such as rFactor 2 and KartKraft, following the recent major updates and releases?

Motorsport Games Inc. employs strategies like enhancing game features, promoting community engagement through events, leveraging collaborations with motorsport partners, and utilizing targeted marketing campaigns to attract new users to platforms like rFactor 2 and KartKraft after major updates.

** MWN AI Questions are based on asking OpenAI to ask and answer four questions about this news release.

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-3.61% G/L:

$2.40 Last:

47,187 Volume:

$2.46 Open:

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