Motorsport Games Inc.
Motorsport Games Inc. (NASDAQ: MSGM) is a publicly traded racing game developer and esports ecosystem provider that publishes officially licensed motorsport simulations — primarily Le Mans Ultimate, rFactor 2, and KartKraft — for PC gaming enthusiasts and official motorsport racing series partners.
- Company typePublic
- Founded2017
- HeadquartersMiramar Beach, United States
- Headcount51–100
- GTM typeB2C
- OfferingSoftware
What Motorsport Games Inc. does
Motorsport Games Inc. (NASDAQ: MSGM) is a publicly traded racing game developer, publisher, and esports ecosystem provider headquartered in Miramar, Florida, with a headcount of 51-100 employees. The company develops and distributes official motorsport simulation games and associated esports properties, anchored by three core products: Le Mans Ultimate, the official game of the FIA World Endurance Championship and 24 Hours of Le Mans; rFactor 2, a racing simulation platform developed by wholly owned subsidiary Studio 397 (acquired April 2021); and KartKraft, a karting simulation title. Supporting the product portfolio is RaceControl, a subscription platform providing hosted servers, competitive multiplayer infrastructure, and career-progression tracking for online racing.
The company's business model blends one-time game and DLC sales on Steam (Le Mans Ultimate went to full V1.0 release in July 2025 after early access in February 2024) with a recurring RaceControl subscription and ecosystem revenue from official esports championships (Le Mans Virtual Series, 24 Hours of Le Mans Virtual, Formula E Race at Home Challenge, Le Mans Esports Series) and B2B deployments such as F1 Arcade entertainment venues powered by rFactor 2 through Kindred Concepts. Key enterprise relationships include the Automobile Club de l'Ouest (Le Mans licensing), Genesis Magma Racing (OEM esports partnership, May 2026), and Pimax Innovation (VR technology integration, April 2025 strategic investment).
Recent financial trajectory shows a clear turnaround, with Q1 2026 revenue of $4.03M up 129.3% year-over-year, an 87.2% gross margin, and full-year 2025 net income of $6.8M. Following the April 2026 share repurchase that eliminated its dual-class stock structure and the July 2026 appointment of a new CFO with prior gaming-industry executive experience, the company is positioning for console expansion to PlayStation 5 and Xbox Series X|S in late 2026/early 2027, financed in part by a $3.0M Citibank revolving credit line secured in February 2026.
Motorsport Games Inc. firmographics
Firmographics- Name
- Motorsport Games Inc.
- Legal name
- Motorsport Games Inc.
- Website
- https://motorsportgames.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Motorsport Games Inc. (NASDAQ: MSGM) is a publicly traded racing game developer and esports ecosystem provider that publishes officially licensed motorsport simulations — primarily Le Mans Ultimate, rFactor 2, and KartKraft — for PC gaming enthusiasts and official motorsport racing series partners.
- Ownership category
- akta.pro rank
Motorsport Games Inc. industry classification
Industry- Product category
- Racing Simulation Video Games
- NAICS
- Spectator Sports (71121)
- SIC
- Services-Racing, Including Track Operation (7948)
- akta.pro primary industry
- Sports/Racing Game Studios (MPAFAAAJ)
Keywords
Where Motorsport Games Inc. is headquartered
LocationHeadquarters
- HQ city
- Miramar Beach
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Motorsport Games Inc. business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Game Sales and DLC: Primary revenue from sales of racing simulation games including Le Mans Ultimate, rFactor 2, and KartKraft. Additional revenue from downloadable content including Season Pass content, additional cars, tracks, and updates.
- RaceControl Subscription: Recurring subscription revenue from RaceControl platform providing competitive multiplayer access, hosted servers, and optional subscription features. The platform stores user profile data including results and statistics for career tracking.
- Console Game Releases: Planned future revenue from PlayStation 5 and Xbox Series X|S releases of Le Mans Ultimate, with negotiations underway with third-party publishers for late 2026/early 2027 launch.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Le Mans Ultimate - PC Game Purchase |
| Subscription | Monthly | RaceControl Subscription |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels10 records
Motorsport Games Inc. product offering
Product offeringCore offering
Motorsport Games develops, publishes, and operates officially licensed racing simulation video games, anchored by Le Mans Ultimate (the official game of the FIA World Endurance Championship and 24 Hours of Le Mans), rFactor 2, and KartKraft. The company runs a connected ecosystem including the RaceControl subscription platform for online multiplayer and an esports portfolio (Le Mans Virtual Series, 24 Hours of Le Mans Virtual, Formula E Race at Home Challenge) that generates revenue through game sales, DLC, subscriptions, and licensing.
Product overview
Motorsport Games is a racing game developer, publisher, and esports ecosystem provider offering a portfolio of products centered around official motorsport racing series. The core product lineup consists of Le Mans Ultimate (the official FIA World Endurance Championship game), rFactor 2 (simulation platform owned through Studio 397 acquisition), and KartKraft (karting simulation). These games are supported by RaceControl, a subscription platform enabling online multiplayer and career tracking. The esports ecosystem includes Le Mans Virtual Series, 24 Hours of Le Mans Virtual, Formula E Race at Home Challenge, Le Mans Esports Series, INDYCAR Pro Challenge, World RX Esport Invitational, and Virtual Race of Champions. The company holds official licenses for 24 Hours of Le Mans and FIA World Endurance Championship, with rFactor 2 also powering F1 Arcade through partnership with Kindred Concepts.
Differentiator
Problem solved
Functional benefit
Brands
- Le Mans Ultimate: Official game of the 24 Hours of Le Mans and FIA World Endurance Championship
- rFactor 2
- KartKraft
- RaceControl
- Studio 397
Products and services
- Le Mans Ultimate Official game of the FIA World Endurance Championship and 24 Hours of Le Mans. An immersive driving simulation featuring hypercars, LMP2, and LMGT3 vehicles across iconic endurance racing circuits, available on Steam with planned console releases for PS5 and Xbox Series X|S.
- rFactor 2 The world's most diverse and dynamic racing simulation platform developed by Studio 397, featuring modding support, extensive car and track selection, and serving as the platform powering F1 Arcade venues through the Kindred Concepts partnership.
- KartKraft Karting racing simulation game featuring photorealistic graphics and immersive driving physics focused on competitive kart racing.
- RaceControl Subscription platform that powers online races on Motorsport Games products including Le Mans Ultimate and rFactor 2, providing competitive multiplayer access, hosted servers, and user profile data including race results and statistics to track online career progression.
- Le Mans Virtual Series Premier endurance esports championship featuring multiple rounds of online racing on the rFactor 2 platform, culminating in the 24 Hours of Le Mans Virtual with a US$250,000 prize fund.
- 24 Hours of Le Mans Virtual Standalone virtual endurance race featuring 50 cars split between LMP and GTE categories, combining professional racing drivers with top sim racers in teams, broadcast globally via TV and streaming platforms.
- Formula E Race at Home Challenge Esports championship run on rFactor 2 featuring a unique Race Royale format where the last-position driver is eliminated each lap, with separate grids for official Formula E drivers and online qualifiers.
- Le Mans Esports Series Competition providing esports gamers and amateur players the opportunity to compete through six qualifying rounds leading to a grand finale with 36 drivers at the Le Mans 24 Hours venue, in partnership with the Automobile Club de l'Ouest.
Companies that use Motorsport Games Inc.
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Motorsport Games Inc. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature7 records
Motorsport Games Inc. partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Genesis Magma RacingminorGenesis Magma Racing launched GMR Esports as its official esports team, competing on Le Mans Ultimate using virtual models of the GMR-001 Hypercar. The seven-driver roster combines European esports champions with Korean talent. Launch builds on existing partnership with Motorsport Games.
- Studio 397coreMotorsport Games completed acquisition of Studio 397 in late April 2021. Studio 397 continues development of the rFactor 2 racing simulation platform. The acquisition enhances Motorsport Games' product portfolio and esports events capabilities.
- Automobile Club de l'OuestcorePartnership for Le Mans Esports Series, providing both esports gamers and amateur players opportunity to compete through qualifying rounds to reach grand finale at Le Mans 24 Hours.
- Kindred ConceptsminorPartnership where rFactor 2 technology powers F1 Arcade entertainment venues through Kindred Concepts.
Scale indicators15 records
Recent moves7 records
Expansion highlights6 records
Motorsport Games Inc. competitors and assessment
Company assessmentDirect peers
- iRacing.com: iRacing is a subscription-based motorsport simulation platform and direct competitor to rFactor 2 and Le Mans Ultimate. Notably, iRacing acquired the NASCAR license from Motorsport Games in 2023, making it the most strategically significant peer.
- Codemasters (EA Sports): Codemasters, owned by Electronic Arts, develops F1, DiRT, and WRC racing games — the most direct commercial competitors to Le Mans Ultimate and rFactor 2 in officially-licensed motorsport gaming. Motorsport Games' incoming CFO previously worked at Codemasters.
- Kunos Simulazioni: Italian studio behind Assetto Corsa and Assetto Corsa Competizione, the latter an officially-licensed GT World Challenge simulation. A direct competitor in premium PC racing simulation with comparable physics-driven positioning.
- Milestone S.r.l. Italian developer and publisher of officially-licensed racing games including MotoGP, MXGP, and Hot Wheels Unleashed. A direct peer in officially-licensed motorsport video game publishing with a similar portfolio-driven strategy.
- Slightly Mad Studios: Developer of the Project CARS franchise (now part of Codemasters/EA). A direct peer historically positioned in PC and console racing simulation, competing in the same premium simulation tier as rFactor 2 and Le Mans Ultimate.
Broad incumbents
- Polyphony Digital (Sony): Developer of the Gran Turismo franchise under Sony Interactive Entertainment. A broad incumbent in console racing simulation with significantly larger resources, comparable production values, and exclusive PlayStation positioning that competes with Le Mans Ultimate's planned PS5 launch.
- Turn 10 Studios (Microsoft): Developer of the Forza Motorsport and Forza Horizon franchises under Xbox Game Studios. A broad incumbent with Xbox exclusivity and a much larger installed base, competing for the same console sim-racing audience Motorsport Games is targeting.
Emerging players
- Reiza Studios: Brazilian developer of the Automobilista series and rFractor-based sims. An emerging player in PC sim racing with overlapping technology roots on the rFactor engine, and partial overlap with Motorsport Games' core PC sim audience.
- Rennsport (Competition Company): Rennsport is a free-to-play racing simulation from Competition Company, targeting the same PC sim racing and esports community. An emerging player with platform-agnostic ambitions that could pressure engagement on rFactor 2 and Le Mans Ultimate.
Others
- Studio 397 (Motorsport Games subsidiary): Wholly-owned subsidiary of Motorsport Games since April 2021, developing rFactor 2 and Le Mans Ultimate. Included here as a related entity/ecosystem peer rather than a competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Motorsport Games Inc. social profiles
Digital presenceMotorsport Games Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Motorsport Games Inc. leadership team
Management profileNumber of profiles
Profiles3 records
Motorsport Games Inc. subsidiaries and ownership
Company hierarchySubsidiaries1 record
Motorsport Games Inc. funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Motorsport Games Inc. M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Motorsport Games Inc.
What does Motorsport Games Inc. do?
Motorsport Games develops, publishes, and operates officially licensed racing simulation video games, anchored by Le Mans Ultimate (the official game of the FIA World Endurance Championship and 24 Hours of Le Mans), rFactor 2, and KartKraft. The company runs a connected ecosystem including the RaceControl subscription platform for online multiplayer and an esports portfolio (Le Mans Virtual Series, 24 Hours of Le Mans Virtual, Formula E Race at Home Challenge) that generates revenue through game sales, DLC, subscriptions, and licensing.
Is Motorsport Games Inc. a public or private company?
Motorsport Games Inc. is a public company. It is classified as public and is currently operating.
When was Motorsport Games Inc. founded?
Motorsport Games Inc. was founded in 2017. It employs 51 to 100 people.
Where is Motorsport Games Inc. based?
Motorsport Games Inc. is headquartered in Miramar Beach, United States, in the North America region.
How does Motorsport Games Inc. make money?
Three revenue lines are on record. Game Sales and DLC is the primary driver. The others are raceControl Subscription and console Game Releases.
Who are Motorsport Games Inc.'s main competitors?
Direct peers on record are iRacing.com, Codemasters (EA Sports), Kunos Simulazioni, Milestone S.r.l. and Slightly Mad Studios. Broad incumbents are Polyphony Digital (Sony) and Turn 10 Studios (Microsoft). Emerging players are Reiza Studios and Rennsport (Competition Company). Studio 397 (Motorsport Games subsidiary) is listed as an others.
Does Motorsport Games Inc. have an API?
No public API is recorded for Motorsport Games Inc..
What industry is Motorsport Games Inc. in?
Motorsport Games Inc.'s product category is Racing Simulation Video Games. Its primary akta.pro industry code is MPAFAAAJ, Sports/Racing Game Studios. Its NAICS code is 71121 and its SIC code is 7948.