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Recent Updates — MSGM

August 14, 2026View Source ↗

Motorsport Games Inc. reported financial results for the quarter ended June 30, 2026, announcing Q2 revenues of $3.5 million, a 36.6% increase from $2.6 million in the prior year period. For the first half of 2026, revenues reached $7.6 million, up 74.0% year-over-year, driven by strong growth in its RaceControl subscription platform which generated approximately $1.4 million in revenue for the six-month period. Gross profit margin expanded to 84.7% for the first half of 2026 compared to 78.8% in the prior year. The company also completed the repurchase of 904,395 shares from Driven Lifestyle Group LLC, resulting in the retirement of all Class B Common Stock and equalizing voting rights. Peter Hansen-Chambers was appointed Chief Financial Officer effective July 1, 2026. Motorsport Games Inc. operates as a racing game developer, publisher, and esports ecosystem provider.

July 23, 2026View Source ↗

Motorsport Games Inc. adopted a limited duration stockholder rights plan to protect its share price and prevent unauthorized control-like positions. The plan involves a dividend distribution of one right per share of Class A common stock with a record date of August 3, 2026. Motorsport Games is a racing game developer, publisher, and esports ecosystem provider.

June 26, 2026View Source ↗

Motorsport Games Inc. expanded its Board of Directors to five members and appointed CEO and President Stephen Hood to the Board as a Class II director, effective June 25, 2026. Mr. Hood's term expires at the 2028 annual meeting of stockholders. Motorsport Games Inc. is a developer and publisher of racing simulation video games.

June 18, 2026View Source ↗

Motorsport Games Inc. announced executive leadership changes effective July 1, 2026. Peter Hansen-Chambers, formerly an Executive Advisor and former Co-CEO/CFO of Hutch Games Ltd, has been appointed Chief Financial Officer with an annual base salary of £240,000 and a 25% target bonus. Stanley Beckley will transition from Chief Financial Officer to the role of Chief Accounting and Compliance Officer, receiving an annual base salary of $250,000 and a $7,000 signing bonus. The company entered into formal employment agreements and an amendment to Mr. Beckley's existing agreement to facilitate this transition. Motorsport Games Inc. is a video game company specializing in motorsport-themed digital entertainment.

June 18, 2026View Source ↗

Motorsport Games Inc. entered into an amendment to its business loan agreement and promissory note with Citibank, N.A. on June 15, 2026. The amendment modifies the Fixed Charge Coverage Ratio definition by adding cash interest expenses to the denominator. Additionally, the amendment extends the maturity date of the promissory note from February 20, 2027, to February 20, 2028. Motorsport Games Inc. develops and publishes digital racing games and related software.