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Motorsport Games Inc - MSGM STOCK NEWS

Welcome to our dedicated news page for Motorsport Games (Ticker: MSGM), a resource for investors and traders seeking the latest updates and insights on Motorsport Games.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Motorsport Games's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Motorsport Games's position in the market.

Rhea-AI Summary
Motorsport Games Inc. launches Le Mans Ultimate, the official game of FIA World Endurance Championship and 24 Hours of Le Mans, in Early Access. The game features realistic cars and circuits from the 2023 FIA WEC, developed with extensive manufacturer support. Players can drive at iconic locations like Sebring, Spa-Francorchamps, and Le Mans. The game is created by Studio 397, leveraging their advanced physics technology. Motorsport Games CEO, Stephen Hood, highlights the transformation of the business and the focus on game development. The partnership with the ACO is reaffirmed, with plans to expand Le Mans Ultimate and enhance the gaming experience. The game launch coincides with the growing interest in the 24 Hours of Le Mans and World Endurance Championship, with increased viewership and new competitors like BMW and Lamborghini joining the grid in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.36%
Tags
none
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Rhea-AI Summary
Le Mans Ultimate, the official game of the 24 Hours of Le Mans and FIA World Endurance Championship, will be released in Early Access form on Tuesday 20th February. The game will feature all the cars and circuits from the memorable centenary year in 2023, including Hypercars from that season. The price is set at €29.99 EUR / £24.99 GBP / $32.99 USD for day one release, with incremental price increases for new purchasers as the game evolves through Early Access. The community will be encouraged to take part in future polls, events, forums, and suggestions to shape future developments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.04%
Tags
none
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Rhea-AI Summary
Motorsport Games Inc. (NASDAQ: MSGM) reported a net loss of $3.5 million, or $1.28 per share, for Q3 2023, representing a $5 million reduction from the same period in 2022, primarily due to cost reductions and increased revenue. The company also announced the sale of its NASCAR license, with plans to release the Le Mans Ultimate game in February 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.93%
Tags
earnings
Rhea-AI Summary
Motorsport Games Inc. will report its financial results for Q3 2023 on November 7, 2023, after market close. A conference call and webcast will be held at 5:00 p.m. ET on the same day to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.3%
Tags
conferences earnings
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Rhea-AI Summary
iRacing to develop NASCAR console game available in 2025
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.62%
Tags
acquisition
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Rhea-AI Summary
Motorsport Games announces sale and transfer of NASCAR license for console racing games to iRacing
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.62%
Tags
none
Rhea-AI Summary
Motorsport Games Inc. reports Q2 2023 financial results with a net loss of $8.2 million and an Adjusted EBITDA loss of $2.7 million. Revenue for 2023 decreased by 13.4% compared to 2022. The company has a cash and cash equivalents position of $1.4 million and may require additional funding to continue operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.66%
Tags
earnings
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Rhea-AI Summary
Motorsport Games Inc. will report its financial results for Q1 2023 on August 21, 2023, after market close. A conference call and webcast will be held to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.25%
Tags
conferences earnings
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.86%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.52%
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none
Motorsport Games Inc

Nasdaq:MSGM

MSGM Rankings

MSGM Stock Data

5.94M
1.24M
54.45%
2.09%
0.37%
Software Publishers
Information
Link
United States
Miami

About MSGM

motorsport games inc., a motorsport network company, combines video games with esports competitions and content for racing fans and gamers worldwide. the company develops and publishes video games for iconic motorsport racing series, including nascar and the british touring car championship. the company is an esports partner of choice for nascar, 24 hours of le mans, formula e, btcc, the fia world rallycross championship, and others. motorsport games inc. was founded in 2018 and is headquartered in miami, florida.