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Motorsport Games ( (MSGM) ) has provided an update.
Motorsport Games reported that 2025 marked a turnaround year, with the March 10, 2026 release showing the company swung from a net loss of $3.0 million in 2024 to net income of $6.8 million, or $1.43 per share, on full-year revenue of $11.3 million, driven primarily by strong sales and DLC performance from its Le Mans Ultimate title and higher margins. Fourth-quarter 2025 revenue nearly doubled to $3.8 million, gross margin expanded to 85.0%, Adjusted EBITDA improved sharply to $7.3 million for the year, and management highlighted sustained positive operating income, a Version 1.2 upgrade that boosted player engagement, and a new $3 million Citibank revolving credit line as reinforcing the company’s financial resilience and positioning for the next stage of growth.
The company also disclosed that average concurrent players on Steam for Le Mans Ultimate grew more than fivefold during 2025, peaking at 8,740 in January 2026, underscoring the title’s strengthening market traction. Strategic moves such as selling the NASCAR license to concentrate resources on core platforms and not staging Le Mans Virtual Series events in 2025 contributed to a leaner cost base and higher profitability, supporting management’s view that the turnaround phase is complete and that operations are now focused on scaling the existing platform and expanding the product portfolio.
The most recent analyst rating on (MSGM) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Motorsport Games stock, see the MSGM Stock Forecast page.
Spark’s Take on MSGM Stock
According to Spark, TipRanks’ AI Analyst, MSGM is a Neutral.
The score is driven primarily by the earnings and operational turnaround (profits improving and going-concern disclosure removed) and a currently stronger balance sheet. It is held back by weak cash-flow conversion (negative free cash flow), a high P/E valuation, and overbought technical conditions that raise near-term volatility risk.
To see Spark’s full report on MSGM stock, click here.
More about Motorsport Games
Motorsport Games Inc. is a U.S.-based video game developer and publisher focused on racing simulations, with all of its 2025 and 2024 revenues generated by its gaming segment. The company builds on owned technology to deliver titles such as Le Mans Ultimate for PC, targeting a global community of motorsport and sim-racing enthusiasts and supporting its business with a growing subscription and downloadable content model.
Average Trading Volume: 88,568
Technical Sentiment Signal: Buy
Current Market Cap: $27.97M
See more insights into MSGM stock on TipRanks’ Stock Analysis page.