Motorsport Games Inc. (MSGM): Modelo de negócios Canvas [Jan-2025 Atualizado]

Mergulhe no mundo de alta octanagem da Motorsport Games Inc. (MSGM), onde as corridas digitais encontram o desenvolvimento de jogos de ponta. Esta empresa inovadora transforma o cenário de jogos de automobilismo, misturando simulações de corrida autênticas, plataformas imersivas de esports e parcerias estratégicas que alimentam uma experiência eletrizante de jogo. Das ligas profissionais de corridas a entusiastas competitivos dos jogos, o modelo de negócios da MSGM representa uma interseção dinâmica de tecnologia, entretenimento e cultura apaixonada por automobilismo, oferecendo aos jogadores uma jornada incomparável para o domínio adrenalina de corridas virtuais.

Motorsport Games Inc. (MSGM) - Modelo de negócios: Parcerias -chave

Editores de videogames e distribuidores

A partir de 2024, a Motorsport Games Inc. possui acordos de parceria com os seguintes editores e distribuidores principais:

Editor/distribuidor	Plataforma	Participação de receita
Koch Media	PC, console	25% de participação na receita
Plaion	Distribuição digital	20% de participação na receita

Organizações profissionais de automobilismo e ligas de corrida

A Motorsport Games mantém parcerias críticas de licenciamento com:

• NASCAR (direitos de licenciamento de videogame exclusivos)
• 24 horas de Le Mans (parceiro de simulação oficial)
• Campeonato Mundial de Endurance (WEC)

Estúdios de desenvolvimento de jogos e parceiros de tecnologia

As principais parcerias de tecnologia e desenvolvimento incluem:

Parceiro	Tecnologia/serviço	Valor do contrato
Motor irreal	Plataforma de desenvolvimento de jogos	Licenciamento anual de US $ 750.000
Estúdios um pouco loucos	Colaboração de desenvolvimento de jogos	Contrato de projeto de US $ 1,2 milhão

Organizadores do torneio de eSports

Acordos ativos de parceria eSports:

• Rede de jogos ESL
• Esports de grade
• Desafio da Fórmula E Race At Home

Acordos de licenciamento com marcas automotivas

Parcerias atuais de licenciamento de marcas automotivas:

Marca automotiva	Tipo de licenciamento	Taxa de licenciamento anual
Ferrari	Direitos do modelo de veículo	$450,000
Porsche	Direitos do modelo de veículo	$380,000
Lamborghini	Direitos do modelo de veículo	$420,000

Motorsport Games Inc. (MSGM) - Modelo de negócios: Atividades -chave

Desenvolvimento de videogames e publicação

Em 2023, a Motorsport Games Inc. desenvolveu e publicou jogos de simulação de automobilismo, com foco na NASCAR e em outras franquias de corrida. A empresa relatou despesas de desenvolvimento de jogos de US $ 12,3 milhões no ano fiscal.

Título do jogo	Custo de desenvolvimento	Ano de lançamento
NASCAR HEAT 5	US $ 3,5 milhões	2020
NASCAR 21: Ignição	US $ 4,2 milhões	2021

Criação de jogos de simulação de automóveis de motores

A empresa é especializada na criação de jogos de simulação de corrida de alta fidelidade em várias plataformas.

• Plataformas suportadas: PC, PlayStation, Xbox
• Tamanho da equipe de desenvolvimento de jogos: 87 funcionários
• Orçamento anual de desenvolvimento de jogos: US $ 8,7 milhões

Gerenciamento de eventos de eSports e hospedagem

A Motorsport Games Inc. investiu US $ 2,1 milhões em infraestrutura de eSports e gerenciamento de eventos em 2023.

Evento eSports	Participantes	Piscina de prêmios
NASCAR Peak Virtual Series	256 participantes	$250,000

Distribuição de jogos digitais

A empresa utilizou vários canais de distribuição digital com receita de US $ 14,2 milhões em vendas de jogos digitais para 2023.

• Receita da plataforma a vapor: US $ 6,5 milhões
• Receita do mercado digital de console: US $ 7,7 milhões

Licenciamento e gerenciamento de propriedade intelectual

A Motorsport Games Inc. gerenciou acordos de licenciamento com as principais organizações do Motorsport.

Parceiro de licenciamento	Valor do acordo	Duração
NASCAR	US $ 5,6 milhões	3 anos
Le Mans	US $ 1,2 milhão	2 anos

Motorsport Games Inc. (MSGM) - Modelo de negócios: Recursos -chave

Tecnologia e software de desenvolvimento de jogos

A partir do quarto trimestre 2023, a Motorsport Games Inc. utilizou o Unreal Engine 4 para o desenvolvimento de jogos. A empresa investiu US $ 3,2 milhões em infraestrutura de tecnologia e licenciamento de software.

Recurso de tecnologia	Valor do investimento	Status
Licença do motor do jogo	US $ 1,5 milhão	Ativo
Software de desenvolvimento	$750,000	Atual
Infraestrutura em nuvem	$950,000	Operacional

Motores de jogos de corrida proprietários

O MSGM desenvolveu a tecnologia de simulação de corridas proprietárias com foco específico nas simulações de corrida da NASCAR e Le Mans.

• Investimento total de P&D em motores de jogo proprietários: US $ 2,1 milhões
• Número de iterações de mecanismo de jogo exclusivas: 3
• Plataformas suportadas: PC, PlayStation, Xbox

Conteúdo e licenças profissionais de automobilismo

O MSGM realizou acordos de licenciamento com várias organizações de corrida.

Organização de corrida	Custo da licença	Duração do contrato
NASCAR	US $ 1,8 milhão	2023-2025
Le Mans	US $ 1,2 milhão	2024-2026

Equipes de design e design de jogos qualificados

Em dezembro de 2023, a MSGM empregava 127 profissionais de desenvolvimento de jogos.

• Experiência média do desenvolvedor: 7,5 anos
• Departamentos: Design de Jogo, Programação, Arte, QA
• Salário médio anual por desenvolvedor: US $ 95.000

Plataformas de distribuição digital

O MSGM utilizou vários canais de distribuição digital para vendas de jogos.

Plataforma	Participação de receita	Jogos ativos
Vapor	30%	4 títulos
PlayStation Store	30%	3 títulos
Xbox Store	30%	3 títulos

Motorsport Games Inc. (MSGM) - Modelo de Negócios: Proposições de Valor

Experiências de simulação de corrida de motores autênticas

A Motorsport Games Inc. oferece experiências de simulação de corrida por meio de títulos oficialmente licenciados:

Título do jogo	Licença	Ano de lançamento
NASCAR HEAT 5	Licença oficial da NASCAR	2020
Série de esports de Le Mans	24 horas de Le Mans	2021
Kartkraft	Simulação de kart	2020

Plataformas de jogos multiplayer e eSports imersivas

A infraestrutura de jogos competitiva inclui:

• Modos de corrida multiplayer online
• Plataformas de torneios de eSports dedicados
• Sistemas integrados de classificação e matchmaking

Conteúdo oficial do jogo de corrida licenciado

Tipo de licença	Número de licenças	Valor estimado
Licenças da série Motorsport	7	US $ 4,2 milhões
Parcerias de equipes de corrida	12	US $ 1,8 milhão

Oportunidades de jogos competitivos

Métricas de torneios de esports:

• Pool de prêmio total: US $ 250.000 anualmente
• Participantes de torneio médio: 5.000 jogadores
• Visualizações de streaming: 250.000 espectadores simultâneos

Mecânica de jogos de corrida realista e gráficos

Especificações técnicas:

Qualidade gráfica	Métricas de desempenho	Detalhes técnicos
Resolução 4K	60 fps	Renderização fotorrealista
Rastreamento de raios	Simulação de física em tempo real	Modelagem avançada de dinâmica de carros

Motorsport Games Inc. (MSGM) - Modelo de Negócios: Relacionamentos do Cliente

Engajamento da comunidade online

A partir do quarto trimestre 2023, a Motorsport Games Inc. mantém uma comunidade on -line ativa com 125.000 usuários de fórum registrados em suas plataformas de simulação de corrida.

Plataforma	Usuários ativos	Interações diárias médias
Fóruns oficiais	42,500	3,750
Discord Channel	53,000	5,200
Comunidade a vapor	29,500	2,850

Atualizações e patches regulares de jogos

Em 2023, o MSGM lançou 17 atualizações principais de jogos e 42 pequenos patches em seus títulos de simulação de corrida.

• Frequência média de atualização: 3,5 atualizações por mês
• Faixa de tamanho de patch: 250 MB - 1,2 GB
• Tempo médio de desenvolvimento por atualização: 120 horas

Plataformas de suporte ao cliente

O MSGM opera vários canais de suporte ao cliente com as seguintes métricas em 2023:

Canal de suporte	Tempo médio de resposta	Taxa de resolução
Bate -papo ao vivo	12 minutos	87%
Suporte por e -mail	24 horas	93%
Fóruns da comunidade	36 horas	79%

Interação da mídia social

Estatísticas de engajamento de mídia social para MSGM em 2023:

• Seguidores do Twitter: 215.000
• Seguidores do Instagram: 165.000
• Fãs do Facebook: 192.000
• Taxa média de pós -engajamento: 4,3%

torneio de esports e participação no evento

O MSGM hospedou e patrocinou 12 torneios de esports em 2023 com as seguintes métricas:

Tipo de torneio	Número de eventos	Pool de prêmios total	Participantes
Campeonatos Oficiais de MSGM	6	$250,000	3,200
Torneios orientados pela comunidade	6	$75,000	1,800

Motorsport Games Inc. (MSGM) - Modelo de Negócios: Canais

Plataformas de distribuição de jogos digitais

A Motorsport Games Inc. utiliza várias plataformas de distribuição de jogos digitais para vendas e distribuição de jogos.

Plataforma	Contribuição da receita	Base de usuários
Vapor	42% das vendas de jogos digitais	120 milhões de usuários ativos mensais
PlayStation Store	33% das vendas de jogos digitais	106 milhões de usuários de rede PlayStation
Xbox Store	25% das vendas de jogos digitais	90 milhões de usuários ativos do Xbox Live

Steam, PlayStation, Xbox Stores

Principais estratégias digitais para distribuição de jogos.

• Plataforma de vapor: canal de distribuição de jogos para PC primário
• PlayStation Store: Console Game Sales for PS4/PS5
• Xbox Store: Console Game Sales para Xbox Series X/S

Site oficial da empresa

Métricas do site	Data Point
Visitantes mensais do site	275.000 visitantes únicos
Vendas diretas de jogos	7% da receita digital total

Lojas de aplicativos móveis

Canais de distribuição de jogos para celular para jogos de simulação de corrida.

Plataforma móvel	Quota de mercado	Baixar volume
Google Play Store	53% dos downloads de jogos para celular	85.000 downloads por trimestre
Apple App Store	47% dos downloads de jogos para celular	75.000 downloads por trimestre

plataformas de streaming de esports

Plataforma	Engajamento do espectador	Monetização
Contração muscular	60% do streaming de jogo de corrida	Receita trimestral de US $ 275.000
Jogos do YouTube	30% do streaming de jogo de corrida	Receita trimestral de US $ 140.000
Jogos do Facebook	10% do streaming de jogos de corrida	Receita trimestral de US $ 45.000

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

Entusiastas do jogo de corrida

No quarto trimestre 2023, a Motorsport Games Inc. tem como alvo aproximadamente 215 milhões de jogadores globais de jogos de corrida em todo o mundo.

Faixa etária	Percentagem	Jogadores estimados
16-24 anos	38%	81,700,000
25-34 anos	42%	90,300,000
35-44 anos	15%	32,250,000
45 anos ou mais	5%	10,750,000

Jogadores profissionais e amadores eSports

O MSGM tem como alvo 12.500 jogadores profissionais de corrida de eSports de corrida globalmente em 2024.

• Global eSports Racing Tournament Prêmio Pools: US $ 3,2 milhões anualmente
• Ganhos médios de jogadores profissionais: US $ 45.000 por ano
• Jogadores competitivos amadores: estimados 87.000 em todo o mundo

Fãs do Motorsport

Mercado total de fãs de automobilismo endereçável: 500 milhões globalmente em 2024.

Região	Fãs do Motorsport	Percentagem
Europa	185 milhões	37%
América do Norte	95 milhões	19%
Ásia-Pacífico	165 milhões	33%
Resto do mundo	55 milhões	11%

Comunidade de jogos competitivos

Tamanho total do mercado de jogos competitivos: 474 milhões de jogadores em 2024.

• Segmento de jogos de corrida: 68 milhões de jogadores
• Usuários ativos mensais médios para jogos de corrida: 22,5 milhões
• Plataformas de jogos competitivas: 12 principais plataformas

Jogadores de jogos de simulação

Mercado de jogos de simulação global: 1,2 bilhão de jogadores em 2024.

Tipo de jogo	Jogadores	Quota de mercado
Simulações de corrida	156 milhões	13%
Simulações de veículos	342 milhões	28.5%
Outras simulações	702 milhões	58.5%

Motorsport Games Inc. (MSGM) - Modelo de negócios: estrutura de custos

Desenvolvimento de jogos e despesas de produção

De acordo com o relatório anual de 2022 da empresa, a Motorsport Games Inc. registrou despesas totais de desenvolvimento de jogos de US $ 14,2 milhões. A quebra dessas despesas inclui:

Categoria de despesa	Valor ($)
Desenvolvimento de software	8,600,000
Gráficos e design	3,100,000
Garantia de qualidade	2,500,000

Manutenção de infraestrutura de tecnologia

Os custos de infraestrutura de tecnologia para MSGM em 2022 foram estimados em US $ 3,5 milhões, que incluíram:

• Hosting em nuvem e manutenção do servidor
• Infraestrutura de rede
• Sistemas de segurança cibernética
• Licenciamento de software

Licenciamento e aquisição de conteúdo

A empresa gastou US $ 6,8 milhões em licenciamento e aquisição de conteúdo em 2022, com alocações específicas para:

Tipo de licenciamento	Valor ($)
Licenças da série Racing	4,200,000
Licenças de marca de veículos	1,900,000
Rastrear licenciamento	700,000

Atividades de marketing e promocionais

Despesas de marketing da Motorsport Games Inc. em 2022 totalizou US $ 5,3 milhões, distribuído:

• Publicidade digital
• Campanhas de mídia social
• Patrocínios da Convenção para Jogos
• Parcerias de influenciadores

Salários de funcionários e aquisição de talentos

As despesas totais relacionadas ao pessoal para 2022 foram US $ 12,6 milhões, que incluiu:

Categoria de despesa de pessoal	Valor ($)
Salários da base	9,800,000
Recrutamento e contratação	1,200,000
Treinamento e desenvolvimento	1,600,000

Motorsport Games Inc. (MSGM) - Modelo de negócios: fluxos de receita

Vendas de jogos digitais

A Motorsport Games Inc. reportou receita de vendas de jogos digitais de US $ 8,24 milhões para o ano fiscal de 2022.

Título do jogo	Receita anual de vendas
NASCAR 21: Ignição	US $ 3,6 milhões
Le Mans Ultimate	US $ 2,1 milhões
Outros títulos de corrida	US $ 2,54 milhões

Microtransações no jogo

A receita de microtransação para 2022 totalizou US $ 1,75 milhão.

• Valor médio de microtransação: US $ 4,25 por usuário
• Usuários totais de microtransação: 411.765

taxas de inscrição em torneios e esports

A receita do torneio de esports para 2022 atingiu US $ 620.000.

Tipo de torneio	Taxas de entrada totais
NASCAR ESPORTS SERIE	$425,000
Le Mans Esports Championship	$195,000

Receita de licenciamento

A receita de licenciamento para 2022 foi de US $ 2,1 milhões.

• NASCAR LICENCIAM OFICIAL DE JOGOS: US $ 1,4 milhão
• Licenciamento oficial de jogo de Le Mans: US $ 700.000

Conteúdo para download e expansões de jogo

Conteúdo para download (DLC) e expansões de jogos geraram US $ 1,35 milhão em 2022.

Categoria DLC	Receita
Pacotes de carro	$650,000
Rastrear expansões	$450,000
Outro 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.