Motorsport Games Inc. (MSGM): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el mundo de alto octanaje de Motorsport Games Inc. (MSGM), donde las carreras digitales se encuentran con el desarrollo de juegos de vanguardia. Esta empresa innovadora transforma el panorama de los juegos de automovilismo al combinar simulaciones de carreras auténticas, plataformas de deportes electrónicos inmersivos y asociaciones estratégicas que alimentan una experiencia de juego electrizante. Desde ligas de carreras profesionales hasta entusiastas competitivos de los juegos, el modelo de negocio de MSGM representa una intersección dinámica de tecnología, entretenimiento y cultura apasionada del automovilismo, ofreciendo a los jugadores un viaje incomparable hacia el reino de las carreras virtuales que bombardean adrenalina.

Motorsport Games Inc. (MSGM) - Modelo de negocio: asociaciones clave

Editores de videojuegos y distribuidores

A partir de 2024, Motorsport Games Inc. tiene acuerdos de asociación con los siguientes editores y distribuidores clave:

Editor/distribuidor	Plataforma	Participación de ingresos
Koch Media	PC, consola	25% de participación de ingresos
Plaión	Distribución digital	20% de participación de ingresos

Organizaciones profesionales de automovilismo y ligas de carreras

Motorsport Games mantiene asociaciones críticas de licencias con:

• NASCAR (Derechos exclusivos de licencias de videojuegos)
• 24 horas de Le Mans (socio oficial de simulación)
• Campeonato mundial de resistencia (WEC)

Estudios de desarrollo de juegos y socios de tecnología

La tecnología clave y las asociaciones de desarrollo incluyen:

Pareja	Tecnología/servicio	Valor de contrato
Motor irreal	Plataforma de desarrollo de juegos	Licencias anuales de $ 750,000
Estudios ligeramente locos	Colaboración de desarrollo de juegos	Contrato de proyecto de $ 1.2 millones

organizadores del torneo de deportes electrónicos

Acuerdos de asociación de deportes electrónicos activos:

• Red de juegos de ESL
• Esport de cuadrícula
• Desafío de la carrera de la fórmula E en el hogar

Acuerdos de licencia con marcas automotrices

Asociaciones actuales de licencia de marca automotriz:

Marca automotriz	Tipo de licencia	Tarifa de licencia anual
Ferrari	Derechos del modelo de vehículo	$450,000
Porsche	Derechos del modelo de vehículo	$380,000
Lamborghini	Derechos del modelo de vehículo	$420,000

Motorsport Games Inc. (MSGM) - Modelo de negocio: actividades clave

Desarrollo de videojuegos y publicación

En 2023, Motorsport Games Inc. desarrolló y publicó Motorsport Simulation Games con un enfoque en NASCAR y otras franquicias de carreras. La compañía reportó gastos de desarrollo del juego de $ 12.3 millones para el año fiscal.

Título de juego	Costo de desarrollo	Año de lanzamiento
Nascar Heat 5	$ 3.5 millones	2020
NASCAR 21: encendido	$ 4.2 millones	2021

Creación de juegos de simulación de automovilismo

La compañía se especializa en la creación de juegos de simulación de carreras de alta fidelidad en múltiples plataformas.

• Plataformas compatibles: PC, PlayStation, Xbox
• Tamaño del equipo de desarrollo de juegos: 87 empleados
• Presupuesto anual de desarrollo del juego: $ 8.7 millones

Gestión de eventos de deportes electrónicos y alojamiento

Motorsport Games Inc. invirtió $ 2.1 millones en infraestructura de deportes electrónicos y gestión de eventos en 2023.

evento de deportes electrónicos	Participantes	Premio
Serie Virtual NASCAR Peak	256 participantes	$250,000

Distribución de juegos digitales

La compañía utilizó múltiples canales de distribución digital con ingresos de $ 14.2 millones en ventas de juegos digitales para 2023.

• Ingresos de la plataforma Steam: $ 6.5 millones
• Ingresos del mercado digital de consola: $ 7.7 millones

Gestión de licencias y propiedades intelectuales

Motorsport Games Inc. Acuerdos de licencia administrados con organizaciones clave de Motorsport.

Socio de licencia	Valor de acuerdo	Duración
NASCAR	$ 5.6 millones	3 años
Le Mans	$ 1.2 millones	2 años

Motorsport Games Inc. (MSGM) - Modelo de negocio: recursos clave

Tecnología y software de desarrollo de juegos

A partir del cuarto trimestre de 2023, Motorsport Games Inc. utilizó Unreal Engine 4 para el desarrollo de juegos. La compañía invirtió $ 3.2 millones en infraestructura tecnológica y licencias de software.

Recurso tecnológico	Monto de la inversión	Estado
Licencia de motor de juego	$ 1.5 millones	Activo
Software de desarrollo	$750,000	Actual
Infraestructura en la nube	$950,000	Operacional

Motores de juego de carreras patentados

MSGM desarrolló tecnología de simulación de carreras patentada con un enfoque específico en las simulaciones de carreras de NASCAR y Le Mans.

• Inversión total de I + D en motores de juego patentados: $ 2.1 millones
• Número de iteraciones de motor de juego únicas: 3
• Plataformas compatibles: PC, PlayStation, Xbox

Contenido y licencias profesionales de automovilismo

MSGM mantuvo acuerdos de licencia con múltiples organizaciones de carreras.

Organización de carreras	Costo de licencia	Duración del contrato
NASCAR	$ 1.8 millones	2023-2025
Le Mans	$ 1.2 millones	2024-2026

Desarrollo de juegos calificados y equipos de diseño

A diciembre de 2023, MSGM empleó a 127 profesionales de desarrollo de juegos.

• Experiencia promedio del desarrollador: 7.5 años
• Departamentos: diseño de juegos, programación, arte, QA
• Salario anual promedio por desarrollador: $ 95,000

Plataformas de distribución digital

MSGM utilizó múltiples canales de distribución digital para ventas de juegos.

Plataforma	Participación de ingresos	Juegos activos
Vapor	30%	4 títulos
Tienda PlayStation	30%	3 títulos
Tienda de xbox	30%	3 títulos

Motorsport Games Inc. (MSGM) - Modelo de negocio: propuestas de valor

Auténticas experiencias de simulación de carreras de automovilismo

Motorsport Games Inc. ofrece experiencias de simulación de carreras a través de títulos con licencia oficial:

Título de juego	Licencia	Año de lanzamiento
Nascar Heat 5	Licencia oficial de NASCAR	2020
LE MANS ESPORTS SERIE	24 horas de Le Mans	2021
Kartkraft	Simulación de karting	2020

Plataformas de juegos multijugador y deportes electrónicos inmersivos

La infraestructura de juegos competitiva incluye:

• Modos de carreras multijugador en línea
• Plataformas de torneo de deportes electrónicos dedicados
• Sistemas de clasificación y emparejamiento integrados

Contenido oficial del juego de carreras con licencia

Tipo de licencia	Número de licencias	Valor estimado
Licencias de series de automovilismo	7	$ 4.2 millones
Asociaciones del equipo de carreras	12	$ 1.8 millones

Oportunidades de juego competitivas

Métricas de torneo de deportes electrónicos:

• Grupo de premios totales: $ 250,000 anualmente
• Participantes promedio del torneo: 5,000 jugadores
• Aviería de transmisión: 250,000 espectadores concurrentes

Mecánica y gráficos de juegos de carreras realistas

Especificaciones técnicas:

Calidad gráfica	Métricas de rendimiento	Detalle técnico
Resolución 4K	60 fps	Representación fotorrealista
Trazado de rayos	Simulación de física en tiempo real	Modelado avanzado de dinámica de autos

Motorsport Games Inc. (MSGM) - Modelo de negocio: relaciones con los clientes

Compromiso comunitario en línea

A partir del cuarto trimestre de 2023, Motorsport Games Inc. mantiene una comunidad en línea activa con 125,000 usuarios de foro registrados en sus plataformas de simulación de carreras.

Plataforma	Usuarios activos	Interacciones diarias promedio
Foros oficiales	42,500	3,750
Canal de discordia	53,000	5,200
Comunidad de vapor	29,500	2,850

Actualizaciones y parches regulares del juego

En 2023, MSGM lanzó 17 actualizaciones principales de juegos y 42 parches menores en sus títulos de simulación de carreras.

• Frecuencia de actualización promedio: 3.5 actualizaciones por mes
• Rango de tamaño del parche: 250 MB - 1.2GB
• Tiempo de desarrollo promedio por actualización: 120 horas

Plataformas de atención al cliente

MSGM opera múltiples canales de atención al cliente con las siguientes métricas en 2023:

Canal de soporte	Tiempo de respuesta promedio	Tasa de resolución
Chat en vivo	12 minutos	87%
Soporte por correo electrónico	24 horas	93%
Foros de la comunidad	36 horas	79%

Interacción en las redes sociales

Estadísticas de participación en las redes sociales para MSGM en 2023:

• Seguidores de Twitter: 215,000
• Seguidores de Instagram: 165,000
• Fans de Facebook: 192,000
• Tasa promedio de compromiso posterior: 4.3%

Torneo de deportes electrónicos y participación en eventos

MSGM organizó y patrocinó 12 torneos de deportes electrónicos en 2023 con las siguientes métricas:

Tipo de torneo	Número de eventos	Grupo de premios totales	Participantes
Campeonatos oficiales de MSGM	6	$250,000	3,200
Torneos impulsados ​​por la comunidad	6	$75,000	1,800

Motorsport Games Inc. (MSGM) - Modelo de negocio: canales

Plataformas de distribución de juegos digitales

Motorsport Games Inc. utiliza múltiples plataformas de distribución de juegos digitales para la venta y distribución de juegos.

Plataforma	Contribución de ingresos	Base de usuarios
Vapor	42% de las ventas de juegos digitales	120 millones de usuarios activos mensuales
Tienda PlayStation	33% de las ventas de juegos digitales	106 millones de usuarios de la red PlayStation
Tienda de xbox	25% de las ventas de juegos digitales	90 millones de usuarios activos en vivo de Xbox

Steam, PlayStation, Xbox Stores

Estrategias clave de la tienda digital para la distribución del juego.

• Plataforma Steam: canal de distribución de juegos de PC primario
• Tienda PlayStation: ventas de juegos de consola para PS4/PS5
• Tienda de Xbox: ventas de juegos de consola para Xbox Series X/S

Sitio web oficial de la empresa

Métricas del sitio web	Punto de datos
Visitantes mensuales del sitio web	275,000 visitantes únicos
Ventas de juegos directos	7% de los ingresos digitales totales

Tiendas de aplicaciones móviles

Canales de distribución de juegos móviles para juegos de simulación de carreras.

Plataforma móvil	Cuota de mercado	Volumen de descarga
Google Play Store	53% de las descargas de juegos móviles	85,000 descargas por trimestre
Apple App Store	47% de las descargas de juegos móviles	75,000 descargas por trimestre

plataformas de transmisión de deportes electrónicos

Plataforma	Compromiso del espectador	Monetización
Contracción nerviosa	60% de la transmisión de juegos de carreras	$ 275,000 ingresos trimestrales
Juegos de YouTube	30% de la transmisión de juegos de carreras	$ 140,000 ingresos trimestrales
Facebook Gaming	10% de la transmisión de juegos de carreras	$ 45,000 ingresos trimestrales

Motorsport Games Inc. (MSGM) - Modelo de negocio: segmentos de clientes

Entusiastas del juego de carreras

A partir del cuarto trimestre de 2023, Motorsport Games Inc. apunta a aproximadamente 215 millones de jugadores de juegos de carreras mundiales en todo el mundo.

Grupo de edad	Porcentaje	Jugadores estimados
16-24 años	38%	81,700,000
25-34 años	42%	90,300,000
35-44 años	15%	32,250,000
45+ años	5%	10,750,000

Jugadores de deportes electrónicos profesionales y aficionados

MSGM apunta a 12.500 jugadores de juegos de eSports de eSports a nivel mundial en 2024.

• Global Esports Racing Tournament Pools: $ 3.2 millones anuales
• Ganancias promedio de jugadores profesionales: $ 45,000 por año
• Jugadores competitivos aficionados: estimado 87,000 en todo el mundo

Fanáticos del automovilismo

Mercado total de fanáticos del automovilismo direccionable: 500 millones a nivel mundial en 2024.

Región	Fanáticos del automovilismo	Porcentaje
Europa	185 millones	37%
América del norte	95 millones	19%
Asia-Pacífico	165 millones	33%
Resto del mundo	55 millones	11%

Comunidad de juegos competitivos

Tamaño total del mercado de juegos competitivos: 474 millones de jugadores en 2024.

• Segmento de juego de carreras: 68 millones de jugadores
• Usuarios activos mensuales promedio para juegos de carreras: 22.5 millones
• Plataformas de juego competitivas: 12 plataformas principales

Jugadores de juego de simulación

Mercado de juegos de simulación global: 1.200 millones de jugadores en 2024.

Tipo de juego	Jugadores	Cuota de mercado
Simulaciones de carreras	156 millones	13%
Simulaciones de vehículos	342 millones	28.5%
Otras simulaciones	702 millones	58.5%

Motorsport Games Inc. (MSGM) - Modelo de negocio: Estructura de costos

Desarrollo de juegos y gastos de producción

Según el informe anual 2022 de la compañía, Motorsport Games Inc. reportó gastos totales de desarrollo de juegos de $ 14.2 millones. El desglose de estos gastos incluye:

Categoría de gastos	Monto ($)
Desarrollo de software	8,600,000
Gráficos y diseño	3,100,000
Seguro de calidad	2,500,000

Mantenimiento de la infraestructura tecnológica

Los costos de infraestructura tecnológica para MSGM en 2022 se estimaron en $ 3.5 millones, lo que incluyó:

• Hosting en la nube y mantenimiento del servidor
• Infraestructura de red
• Sistemas de ciberseguridad
• Licencia de software

Licencias y adquisición de contenido

La empresa gastada $ 6.8 millones sobre licencias y adquisición de contenido en 2022, con asignaciones específicas para:

Tipo de licencia	Monto ($)
Licencias de series de carreras	4,200,000
Licencias de marca de vehículos	1,900,000
Rastrear la licencia	700,000

Actividades de marketing y promoción

Los gastos de marketing para Motorsport Games Inc. en 2022 totalizaron $ 5.3 millones, distribuido a través de:

• Publicidad digital
• Campañas de redes sociales
• Patrocinios de convenciones de juegos
• Asociaciones de influencia

Salarios de empleados y adquisición de talento

Los gastos totales relacionados con el personal para 2022 fueron $ 12.6 millones, que incluyó:

Categoría de gastos de personal	Monto ($)
Salarios base	9,800,000
Contratación y contratación	1,200,000
Capacitación y desarrollo	1,600,000

Motorsport Games Inc. (MSGM) - Modelo de negocios: flujos de ingresos

Ventas de juegos digitales

Motorsport Games Inc. reportó ingresos por ventas de juegos digitales de $ 8.24 millones para el año fiscal 2022.

Título de juego	Ingresos anuales de ventas
NASCAR 21: encendido	$ 3.6 millones
Le Mans Ultimate	$ 2.1 millones
Otros títulos de carreras	$ 2.54 millones

Microtransacciones en el juego

Los ingresos por microtransacción para 2022 totalizaron $ 1.75 millones.

• Valor promedio de microtransacción: $ 4.25 por usuario
• Usuarios totales de microtransacción: 411,765

Tarifas de entrada del torneo de deportes electrónicos

Los ingresos del torneo de deportes electrónicos para 2022 alcanzaron $ 620,000.

Tipo de torneo	Tarifas de entrada total
Serie NASCAR ESPORTS	$425,000
Campeonato de eSports de Le Mans	$195,000

Ingresos por licencias

Los ingresos por licencias para 2022 fueron de $ 2.1 millones.

• Licencias de juegos oficiales de NASCAR: $ 1.4 millones
• Licencias de juegos oficiales de Le Mans: $ 700,000

Contenido descargable y expansiones del juego

Contenido descargable (DLC) y las expansiones del juego generaron $ 1.35 millones en 2022.

Categoría DLC	Ganancia
Paquetes de coche	$650,000
Rastrear expansiones	$450,000
Otro DLC	$250,000

Motorsport Games Inc. (MSGM) - Canvas Business Model: Value Propositions

You're looking at the core reasons why customers choose Motorsport Games Inc. (MSGM) products right now, late in 2025. It's all about delivering a level of realism that other titles struggle to match, especially given the recent financial upturn.

Authentic, high-fidelity sim racing experience for PC enthusiasts

The value here is rooted in deep simulation, which you can see reflected in the recent financial performance driven by Le Mans Ultimate. Revenue from Le Mans Ultimate reached $2.3 million in the third quarter of 2025 alone. The company also owns the industry-leading rFactor 2 simulation platform, which is the official sim racing platform for Formula E. Furthermore, rFactor 2 powers F1 Arcade via a partnership with Kindred Concepts. The focus on high fidelity is paying off, as the company reported a consolidated revenue of $3.1 million for Q3 2025, a jump of 71.9% year-over-year.

Exclusive access to iconic global endurance racing content and brands

This is a major differentiator; Motorsport Games Inc. holds the official licenses for some of the biggest names in endurance racing. The company is the officially licensed video game developer and publisher for iconic motorsport racing series including the 24 Hours of Le Mans and the FIA World Endurance Championship. This exclusivity helps drive attachment rates for their core product. The financial results show this strategy is working, with the company achieving a net income of $0.8 million in Q3 2025, reversing a $0.6 million loss from the prior year's third quarter. The strategic plan includes expanding this value proposition to a wider audience, with a console port of Le Mans Ultimate currently in early production, estimated for delivery between late 2026 and early 2027.

Integrated, competitive esports ecosystem for licensed titles

Motorsport Games Inc. isn't just making games; they are building a competitive environment around them. They are an award-winning esports partner of choice for the 24 Hours of Le Mans, creating the renowned Le Mans Virtual Series. This ecosystem component helps build a strong audience bond to the product, especially with features like driver swaps and team racing, which are the pinnacle of a collective racing simulation experience for their most engaged users. The operational efficiency supporting this ecosystem is improving, as evidenced by an Adjusted EBITDA of $1.1 million in Q3 2025, up from $0.1 million previously.

Continuous content updates and expansions like the ELMS series

Keeping the content fresh is key to recurring engagement, and the company is actively supporting its titles post-launch. For instance, the Le Mans Ultimate team delivered key features alongside strong marketing messaging, releasing Version 1.0 on July 22, 2025, which featured two new cars and advanced team management mechanics. The announced expansion downloadable content (DLC) for Le Mans Ultimate to include the European Le Mans Series (ELMS) was designed to continue the positive trend, with a first taste expected by the end of Q3 2025. This focus on updates is helping to expand the gross profit margin, which rose to 80.7% in Q3 2025 from 60.2% in the same period last year. If onboarding takes 14+ days, churn risk rises, so timely content is defintely important.

Here's a quick look at the key financial metrics that underpin the ability to deliver these value propositions as of the end of Q3 2025:

Metric	Value (Q3 2025)	Comparison/Context
Consolidated Revenue	$3.1 million	Up 71.9% year-over-year
Net Income	$0.8 million	Reversed a $0.6 million loss from Q3 2024
Adjusted EBITDA	$1.1 million	Up from $0.1 million
Gross Profit Margin	80.7%	Increased from 60.2% year-over-year
Cash & Cash Equivalents	$4.5 million	As of October 31, 2025
Cash Flow from Operations (9 Months Ended Sept 30, 2025)	$2.3 million generated	Includes $1.3 million from settlements

The company is building value through exclusive content and high-fidelity simulation, which is starting to show up in the income statement, even though the stock price sentiment remains neutral.

Motorsport Games Inc. (MSGM) - Canvas Business Model: Customer Relationships

You're looking at how Motorsport Games Inc. (MSGM) connects with its players as of late 2025, which is a critical time given their recent return to profitability. The focus here is clearly on building a sticky, subscription-enabled community around their core simulation titles, primarily Le Mans Ultimate.

Community-focused engagement through the RaceControl platform

The RaceControl platform is central to Motorsport Games Inc.'s customer relationship strategy, shifting the model toward recurring revenue. This platform acts as the ecosystem hub, offering enhanced features for power-users who opt into subscriptions. The growth here has been quite significant, showing a strong appetite for premium community features.

Here's a snapshot of the RaceControl subscription service performance leading up to the third quarter of 2025:

Metric	Value as of Late 2025 Data Point
Total Registered Accounts (as of June 2025)	well over 200,000 accounts
Net Monthly Recurring Revenue (MRR) Growth (June 2025)	296%
Annual Recurring Revenue (ARR) (End of June 2025)	Approximately $972,000
Monthly Recurring Revenue (MRR) (End of June 2025)	Approximately $81,000
June 2025 Subscription Growth (vs. Prior Month)	148%
RaceControl Quick Ratio (at June peak)	4.66

This recurring revenue stream is a key differentiator now that the company has achieved net income for the second consecutive quarter in 2025.

Direct, continuous communication with the sim racing community (Early Access model)

Motorsport Games Inc. uses the Early Access model to maintain continuous dialogue, which is vital for a simulation title. The transition of Le Mans Ultimate out of Early Access to Version 1.0 on July 22, 2025, was a direct result of this continuous feedback loop. The engagement statistics following this transition were very positive, showing the model works to retain and grow the user base.

The community engagement points around the Early Access exit include:

• Player engagement statistics for Le Mans Ultimate were 'particularly pleasing' post-Version 1.0 release.
• The game achieved record concurrent and daily active user counts following the Version 1.0 launch.
• The release of the European Le Mans Series (ELMS) content in late September 2025 saw incredible sales and attachment rates.
• The company is now planning a console port for PlayStation and Xbox, with an estimated delivery between late 2026 and early 2027, showing responsiveness to broader player demand.

Honestly, seeing player counts hit new highs after exiting Early Access suggests the community felt heard.

Leveraging player engagement data to inform content and feature development

The data gathered from the active player base directly steers the development roadmap. The success of the Version 1.0 launch and subsequent DLC releases confirms that player behavior metrics are being translated into content decisions. This data-driven approach helps secure better attachment rates for new content.

Key features delivered based on community interaction include:

• Addition of Custom Liveries for RaceControl Pro subscribers on June 10, 2025.
• Introduction of advanced team management mechanics with the Version 1.0 release.
• The addition of the Ligier JS P325 LMP3 race car and the ELMS expansion pack.

Automated digital customer support and in-game issue resolution

While specific metrics on automated support ticket resolution rates are not publicly detailed in the Q3 2025 reports, the structure of the RaceControl offering implies a tiered approach to support. Features like Custom Liveries being exclusive to RaceControl Pro subscribers suggest a premium tier that likely receives prioritized or more direct support channels, while the base community relies on scalable, potentially automated, solutions for common issues.

The company's overall focus on operational efficiency, which led to a gross profit margin of 80.7% in Q3 2025, suggests tight control over all operational costs, including customer service overhead. This efficiency is necessary to support the growing user base of over 200,000 registered accounts.

Finance: draft 13-week cash view by Friday.

Motorsport Games Inc. (MSGM) - Canvas Business Model: Channels

You're looking at how Motorsport Games Inc. (MSGM) gets its products-the racing simulations and esports ecosystem-into the hands of players as of late 2025. The strategy is clearly shifting from relying on legacy licenses to driving growth through owned IP and recurring revenue platforms.

Digital Distribution Platforms (e.g., Steam) for PC Game Sales

The primary channel for initial game sales, especially for the flagship title Le Mans Ultimate, remains digital PC distribution. The success of this channel is evident in the revenue generated by the title. For the nine months ended September 30, 2025, Motorsport Games Inc. reported consolidated revenues of $7.45 million. Revenue specifically from the Le Mans Ultimate title for the three months ended September 30, 2025, reached $2.3 million. This performance marks a significant pivot, as this revenue stream effectively replaced the previous NASCAR license revenue stream. The company noted that Le Mans Ultimate generated revenue approximately eleven times faster over the past eighteen months than the prior title, rFactor 2.

Proprietary RaceControl for Subscriptions and Multiplayer Services

The proprietary RaceControl platform is a key channel for recurring revenue and enhanced multiplayer features. This platform saw explosive growth in the summer of 2025. Subscriptions to the RaceControl service grew by 148% in June 2025 compared to the prior month, setting new monthly revenue records since its deployment in December 2024. By the end of June 2025, RaceControl had reached well over 200,000 accounts registered. At the end of June 2025, the platform reported an Annual Recurring Revenue (ARR) of approximately $972,000 and a Monthly Recurring Revenue (MRR) of approximately $81,000.

The RaceControl service directly supports the game experience through features like Custom Liveries for RaceControl Pro subscribers.

Future Console Platforms (PlayStation, Xbox) for Broader Market Reach

Motorsport Games Inc. is actively planning a channel expansion into the console market, which represents a significant future opportunity for broader market reach. The company has confirmed ongoing console development for Le Mans Ultimate. The expected release window for the PlayStation and Xbox versions of Le Mans Ultimate is between late 2026 and early 2027. The company is in late-stage negotiations with a third-party studio for this transition.

Esports Streaming Platforms for Le Mans Virtual Series Broadcasts

Esports platforms serve as a crucial channel for engagement, brand visibility, and potentially sponsorship revenue through the Le Mans Virtual Series broadcasts. The company confirmed the return of the Le Mans Virtual series. Early qualifying rounds for this series are anticipated to appear in Q4 of 2025. This channel leverages the official partnership with the Automobile Club de l'Ouest for the 24 Hours of Le Mans.

Here's a quick look at the revenue drivers and platform focus as of the Q3 2025 results:

Channel Focus Area	Key Metric/Status (Late 2025)	Latest Reported Value
PC Digital Sales (via Le Mans Ultimate)	Q3 2025 Revenue Contribution	$2.3 million
Proprietary Subscription (RaceControl)	Monthly Recurring Revenue (MRR) as of June 2025	Approximately $81,000
Proprietary Subscription (RaceControl)	Subscription Growth (June 2025 vs. May 2025)	148% increase
Console Platforms (Future)	Expected Le Mans Ultimate Release Window	Late 2026 to early 2027
Esports Streaming	Expected Start of Le Mans Virtual Early Qualifying	Q4 2025

The shift is clear: the company is driving sales through the PC channel while aggressively building the recurring revenue channel with RaceControl, all while preparing the product for the much larger console distribution channel.

Motorsport Games Inc. (MSGM) - Canvas Business Model: Customer Segments

You're looking at the core groups Motorsport Games Inc. (MSGM) serves as of late 2025, driven heavily by the success of its officially licensed content.

The customer base is clearly segmented by their level of engagement with motorsport and simulation fidelity. The most financially significant segment right now centers on the Le Mans Ultimate franchise, which is based on the FIA World Endurance Championship.

For example, following the June 2025 24 Hours of Le Mans event, Le Mans Ultimate hit a record peak in concurrent players. The revenues generated by this title were approximately eleven times faster than the prior racing title, rFactor 2. This success is translating directly to the top line; Q3 2025 consolidated revenue hit $3.1 million, a 71.9% improvement year-over-year.

Here's a breakdown of the key customer groups and associated metrics:

Customer Segment Focus	Primary Product/Service	Key Metric/Data Point (Late 2025)
Core PC Sim Racing Enthusiasts	rFactor 2	Estimated $7m gross revenue on Steam; estimated 327k units sold on Steam.
Dedicated Endurance Racing Fans	Le Mans Ultimate (PC)	Steam estimated copies sold: 337.2k; Steam estimated revenue: $11.1m.
Esports Competitors & Viewers	RaceControl Platform	RaceControl subscriptions grew 148% in June 2025 over the prior month.
Location-Based Entertainment	rFactor 2 Engine Licensing	Powers F1® Arcade through a partnership with Kindred Concepts.

The Core PC sim racing enthusiasts, who value high-realism physics, are primarily served by the rFactor 2 platform. While this title has seen user count fluctuations, with a 24h peak of 536 active players on Steam recently, it remains the foundation technology. Still, the focus has clearly shifted to the officially licensed products.

The Dedicated fans of the 24 Hours of Le Mans and FIA World Endurance Championship are the current growth engine. Following the release of Le Mans Ultimate Version 1.0 and the European Le Mans Series (ELMS) content in late September 2025, player engagement reached new heights for daily and peak concurrent users. The company is planning to expand this segment by bringing Le Mans Ultimate to PlayStation and Xbox between late 2026 and early 2027.

For the Esports competitors and viewers, the RaceControl subscription service is a key touchpoint. This service generated over $120,000 in revenue in its first 21 days of accounting. By Q2 2025, the platform had over 200,000 registered accounts. The company is also an esports partner for the 24 Hours of Le Mans.

The segment using the technology for Location-based entertainment venues is anchored by the rFactor 2 engine powering the F1® Arcade experience. This shows a B2B revenue stream leveraging the core physics technology.

Financially, the success across these segments resulted in a Q3 2025 net income of $0.8 million, a significant swing from a net loss in the prior year period. Cash and cash equivalents stood at $4.5 million as of October 31, 2025.

• The Le Mans Ultimate title is expected to see further engagement with a Career Mode anticipated in early 2026.
• The Q3 2025 gross profit margin for Motorsport Games Inc. soared to 80.7%.
• Adjusted EBITDA for Q3 2025 was $1.1 million.

Finance: draft 13-week cash view by Friday.

Motorsport Games Inc. (MSGM) - Canvas Business Model: Cost Structure

When you look at the Cost Structure for Motorsport Games Inc. (MSGM) as of late 2025, you see a clear shift in where the money is going, especially following the transition away from the previous major license. The costs are generally split between Cost of Revenues (which includes things like royalty/licensing fees tied directly to sales and game amortization) and Operating Expenses (which cover the day-to-day running, like salaries and marketing).

The most concrete number you have for a specific cost component is the amortization of capitalized game development costs. For the three months ended September 30, 2025, this expense was reported as $279,945, which is included within the Cost of Revenues. Given that Q3 2025 consolidated revenue was $3.1 million and the Gross Profit was $2.5 million, the total Cost of Revenues was approximately $600,000 ($3.1M - $2.5M). This means the amortization charge accounted for nearly half of the Cost of Revenues for the quarter.

The remaining major cost bucket is Operating Expenses. For Q3 2025, Total Operating Expenses were $1,707,253. This figure bundles the other key cost drivers you mentioned, though the exact split isn't itemized in the public filings I can access right now. Still, you can map the required elements to this total:

• Licensing fees for exclusive motorsport intellectual property (IP): These fees are a significant, though not explicitly broken out, component. Given the focus on Le Mans Ultimate and rFactor 2, these ongoing IP obligations are critical, likely sitting within Cost of Revenues or as a significant part of Operating Expenses depending on the agreement structure.
• Salaries and overhead for the Studio 397 development team: This is a core fixed cost, falling squarely within Operating Expenses. Studio 397 is the engine behind the key titles.
• Marketing and promotional spend for new game releases and DLC: The successful launch of the European Le Mans Series (ELMS) content in September 2025 required marketing spend, which is also captured in Operating Expenses.

Here's a quick look at the key cost-related figures from the Q3 2025 period to frame the structure:

Cost Component Category	Financial Amount (Q3 2025)	Notes
Amortization of Capitalized Game Development Costs	$279,945	Included in Cost of Revenues.
Total Cost of Revenues (Calculated)	Approx. $600,000	Calculated as Revenue ($3.1M) minus Gross Profit ($2.5M).
Total Operating Expenses	$1,707,253	Includes Salaries, Overhead, and Marketing.
Total Cost Structure Components (CoR + OpEx)	Approx. $2,307,253	Excludes Other Operating Income/Expense adjustments.

To be fair, the decrease in Total Operating Expenses from Q2 2025 ($1,273,387) to Q3 2025 ($1,707,253) seems counterintuitive based on the narrative of continued investment, but the search results show a decrease of $1.3 million in operating expenses year-over-year for Q3 2025 compared to Q3 2024. The sequential quarter-over-quarter change might reflect timing of non-recurring overhead or marketing pushes. Finance: draft 13-week cash view by Friday.

Motorsport Games Inc. (MSGM) - Canvas Business Model: Revenue Streams

You're looking at the core ways Motorsport Games Inc. is bringing in cash as of late 2025, which is heavily centered on their flagship simulation titles. Honestly, the shift in focus is clear; the numbers tell the story of where the money is coming from now.

The consolidated revenue forecast for the full Fiscal Year 2025 is set at $14.4 million. This gives you a top-line expectation for the year, but the recent quarterly performance shows the immediate drivers.

The primary revenue streams are built around direct game sales, post-launch content, and service subscriptions. Here's a breakdown of the key components:

• Digital sales of full game titles; Le Mans Ultimate generated $2.3 million in Q3 2025.
• Sales of Downloadable Content (DLC) and in-game expansions, which were a key driver within the Le Mans Ultimate revenue.
• Subscription revenue from the RaceControl online service; this stream saw an increase of $0.4 million in Q3 2025 compared to the same period last year.
• Esports sponsorship and media rights for the Le Mans Virtual Series.

To give you a clearer picture of the Q3 2025 performance, which totaled $3.1 million in consolidated revenue, here is how the main components stacked up:

Revenue Component	Q3 2025 Revenue Amount	Notes
Le Mans Ultimate (Full Game Sales)	$2.3 million	Primary driver, effectively replacing prior NASCAR license revenue.
RaceControl Service Revenue	$0.4 million increase	Reported as an increase over Q3 2024, indicating subscription growth.
rFactor 2 Title Sales	$0.1 million increase	Reported as an increase over Q3 2024.
Total Consolidated Revenue (Q3 2025)	$3.1 million	Represents a 71.9% increase year-over-year.

It's defintely worth noting that the $2.3 million from Le Mans Ultimate sales in Q3 2025 was a significant contributor, especially when you see the total Q3 revenue was $3.1 million. Also, the company saw a $1 million decrease in NASCAR-related revenues because they are no longer authorized to sell that title starting in 2025.

The growth in the RaceControl segment, even if reported as an increase of $0.4 million over the prior year, points to the value of recurring revenue streams in the business model. The company is clearly leaning into its official WEC and Le Mans licenses for its current financial stability.

Finance: draft 13-week cash view by Friday.