It’s been a long time coming, but Motorsport Games has posted a profit of just over $1 million in a quarter – the first since Q2 2024.
The Q1 2025 results reveal net income of £1,022,613, despite revenues dipping 41.9% year-on-year, primarily due to a lack of NASCAR back catalogue sales.
Motorsport Games is no longer able to continue selling its prior NASCAR games since December 2024, part of a licensing agreement with both the sport and current custodians, iRacing.
The outfit, owners of Studio 397 and the Le Mans Ultimate sim racing title, dramatically cut costs, including a spate of redundancies last year, contributing to the results.
Net revenues directly from Le Mans Ultimate were “$0.4 million higher,” according to its CEO, Stephen Hood. This is despite the initial early access launch being in Q1 2024.
It also received an extra $500,000 to cover legal fees from 2 Corp – the former owner of 704Games and the NASCAR Heat series took Motorsport Games to court in Delaware over alleged fraud, but lost the case and has now paid this compensation.
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