Motorsport Games reports record player counts for Le Mans Ultimate

Published 09/07/2025, 21:22
Motorsport Games reports record player counts for Le Mans Ultimate

MIAMI - Motorsport Games Inc. (NASDAQ:MSGM), a micro-cap gaming company with a market value of $15.6 million that has seen its stock surge 123% over the past six months according to InvestingPro data, announced on Wednesday that its racing simulator Le Mans Ultimate has achieved record concurrent player numbers during June 2025, coinciding with the real-world 24 Hours of Le Mans event.

The game, which is the official title of the FIA World Endurance Championship and the 24 Hours of Le Mans, reached an all-time peak in concurrent players last month, exceeding its February 2024 launch levels and more than doubling May’s figures, according to the company’s press release statement.

Motorsport Games delivered a major update on June 10 that introduced Teams and Driver Swaps features, along with Custom Liveries for RaceControl Pro subscribers. The company also announced that Le Mans Ultimate will transition from Early Access to version 1.0 on July 22, adding two new free vehicles for all players.

Additionally, Studio 397, a wholly owned subsidiary of Motorsport Games, confirmed plans to add the European Le Mans Series to the game as an expansion to its existing agreement with the Automobile Club de l’Ouest.

The company reported that subscriptions to its RaceControl service, which provides additional support for its racing titles, grew by 148% in June compared to the previous month, breaking all monthly revenue records since the service launched in December 2024. This growth comes as analysts tracked by InvestingPro project a 66% revenue increase for fiscal year 2025, despite current challenges with profitability.

According to the press release, Le Mans Ultimate has generated revenue approximately eleven times faster over the past eighteen months than the company’s previous racing title, rFactor 2.

Motorsport Games also stated that a Career Mode is in development for Le Mans Ultimate, with an expected delivery in early 2026. While the company maintains a strong gross profit margin of 59%, InvestingPro analysis indicates the stock is currently trading slightly above its Fair Value, with 12 additional exclusive insights available to subscribers, including detailed profitability metrics and growth forecasts.

In other recent news, Motorsport Games reported its financial results for the first quarter of 2025, highlighting a significant turnaround in net income. The company achieved a net income of $1 million, reversing a previous loss of $1.7 million from the prior year. Despite this positive shift, revenue fell by 41.9% year-over-year to $1.8 million. The decline was largely due to a decrease in NASCAR-related revenues, although there was a $400,000 increase in revenue from the Le Mans Ultimate game. Motorsport Games also announced that Le Mans Ultimate will exit early access and launch version 1.0 on July 22, 2025, introducing new vehicles and features. The game has contributed positively to the company’s financial performance, with plans for further updates and expansions. Additionally, Motorsport Games secured a $2.5 million investment from Pimax, which has bolstered the company’s financial position. The company continues to explore various funding options to address liquidity challenges, as noted by CFO Stanley Beckley.

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