Motorsport Games Q1 Revenue Soars 129% to $4M, EBITDA Hits $1.5M
Motorsport Games reported 129.3% year-over-year Q1 revenue growth to $4.0 million and generated $1.5 million in adjusted EBITDA on an 87.2% gross margin. The company achieved a record 8,800-player peak on Le Mans Ultimate, secured a $3.0 million Citibank credit line and repurchased 904,395 Class A shares.
1. First Quarter Financial Results
Motorsport Games reported Q1 2026 revenue of $4.0 million, up 129.3% from $1.8 million in Q1 2025, with net income of $1.0 million and adjusted EBITDA of $1.5 million, compared to $0.6 million a year earlier. Gross profit margin expanded to 87.2% from 73.5%.
2. Product and Engagement Milestones
In March, the company released Le Mans Ultimate Version 1.3 featuring Circuit de Barcelona-Catalunya, Duqueine D09 LMP3 race car, Logitech Trueforce support and new track layouts, driving a record concurrent player peak of 8,800 and demonstrating strong community engagement and development cadence.
3. Balance Sheet and Financing
Motorsport Games secured a $3.0 million revolving credit line with Citibank in February 2026 to support ongoing product investment and its platform roadmap. The funding bolsters liquidity for console development and future game titles while maintaining operational momentum.
4. Share Repurchase and Growth Outlook
On April 22, the company repurchased and cancelled 904,395 Class A shares under a share repurchase agreement with Driven Lifestyle Group LLC, reflecting strengthened financial stability. Management plans to expand Le Mans Ultimate to console platforms and pursue additional titles leveraging its scalable technology platform.