Motorsport Games Inc. Q3 FY2025 earnings call

• Positive trends from Q2 continued into Q3, with the company entering a profit generation phase. - Le Mans Ultimate exited Steam Early Access into full release on July 22, achieving record high concurrent and daily active user counts. - Delivered first elements of Le Mans Ultimate expansion pack, the licensed European Le Mans series, with installments including Silverstone Circuit and Ligier JS P325 LMP3 car. - Made progress on driver swaps in team racing, a key user feature. - Planning for the return of Le Mans Virtual eSports series, with interest evident from SimRacing Expo and negotiations ongoing. - RaceControl platform continued to grow, with almost 100,000 deliveries processed and Livery Hub feature driving higher engagement. - Work underway on console version of Le Mans Ultimate, with technologies from console port to be integrated into core PC product before console launch, expected late 2026 or early 2027. - Company achieved income from operations for two consecutive quarters, and cash and cash equivalents increased to $4.5 million as of October 31, 2025.

The key product segment is Le Mans Ultimate. Revenues from Le Mans Ultimate for the third quarter of 2025 were approximately $2.3 million, contributing significantly to the overall revenue. For the 9 months ended September 30, 2025, revenues from Le Mans Ultimate were approximately $5.7 million. RaceControl subscription service saw a $0.4 million increase in revenues compared to the prior year. NASCAR-related revenues decreased by $1 million as the company is no longer authorized to sell NASCAR-related gaming titles. Overall, total revenues for the quarter were $3.1 million, up $1.3 million or 71.9% from the prior year.

• Console version of Le Mans Ultimate expected to be released around late 2026 or early 2027. - Actively in conversations with interested parties for financing the console project, with proposals including marketing and publishing efforts. - No forward-looking guidance offered regarding financial numbers beyond what was discussed, but focus on ongoing progress and product development.

• Management may make forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially. - Refer to today's press release and company filings with the SEC for detailed discussion of risks that could cause actual results to differ from forward-looking statements.

Q: No questions at this time A: No questions at this time