Motorsport Games (MSGM) investor relations material

Executive summary

• Q3 2025 revenue reached $3.1 million, up 71.9% year-over-year, driven by Le Mans Ultimate, Race Control, and new ELMS content, with record user engagement and operational profit for the second consecutive quarter.

• Net income for Q3 2025 was $0.8 million, reversing a net loss of $0.6 million in Q3 2024, and EPS improved to $0.14 from a loss of $0.18.

• Adjusted EBITDA for Q3 2025 was $1.1 million, up from $0.1 million year-over-year, reflecting improved profitability and operational efficiency.

• Player engagement reached record highs, especially around the Version 1.0 and ELMS content releases.

• Announced early production of a console port for Le Mans Ultimate, targeting PlayStation and Xbox with estimated delivery between late 2026 and early 2027.

Financial highlights

• Gross profit for Q3 2025 was $2.5 million (80.7% margin), up from $1.1 million (60.2% margin) in Q3 2024.

• Operating expenses for Q3 2025 totaled $1.7 million.

• Cash and cash equivalents were $4.1 million as of September 30, 2025, increasing to $4.5 million by October 31, 2025.

• Average positive cash flow from operations was $0.3 million per month for the nine months ended September 30, 2025.

• Net income attributable to the company for Q3 2025 was $0.8 million.

Outlook and guidance

• Console version of Le Mans Ultimate in development, targeting late 2026 or early 2027 release.

• No forward-looking financial guidance provided, but management expects current cash to fund operations for at least one year.

• Active discussions underway for external investment and marketing partnerships for the console launch.

• Plans to expand recurring revenue base through subscriptions and new annualized sports franchise games.

• Ongoing evaluation of cost-saving initiatives and strategic alternatives, including potential asset sales or licensing.