<div id="readability-page-1">Motorsport Games Inc. ( MSGM ) shares fell sharply in after-hours trading on Wednesday after the racing game developer reported first-quarter 2026 financial results. Motorsport Games ( MSGM ) shares dropped 21.50% to $3.98 in after-hours trading on Wednesday after closing the regular session down 4.70% at $5.07. Motorsport Games ( MSGM ) develops racing titles, including Le Mans Ultimate and simulation platform rFactor 2. <h2>Revenue Growth Continues</h2> The company reported first-quarter 2026 revenue of approximately $4 million, up 129.3% year-over-year from $1.8 million. Gross profit rose to $3.5 million from $1.3 million, while gross margin expanded to 87.2% from 73.5%. Net income remained relatively flat at approximately $1 million compared with the same quarter last year. Earnings attributable to Class A common stock fell to $0.06 per share from $0.33 per share a year earlier. Adjusted EBITDA improved to $1.5 million from $0.6 million a year earlier. President and CEO Stephen Hood said the company's turnaround strategy and Le Mans Ultimate momentum continued driving financial performance. &#34;We are very pleased to report another quarter of strong financial performance, with revenues more than doubling year on year,&#34; Hood said. Read Also: STAK Inc (STAK) Stock Plunges Nearly 39% After Hours Despite Revenue Growth: Here's Why <h2>What Investors Need To Know</h2> Motorsport Games ( MSGM ) said Le Mans Ultimate reached a record peak of more than 8,800 concurrent players following the Version 1.3 update release in March. The company also secured a $3 million revolving credit facility with Citibank earlier this year and repurchased more than 904,000 shares of Class A common stock in April. As of March 31, 2026, Motorsport Games ( MSGM ) held approximately $5.9 million in cash and cash equivalents. <h2>Trading Metrics, Technical Analysis</h2> Motorsport Games ( MSGM ) has a market capitalization of approximately $29.3 million, with a 52-week high of $5.56 and a low of $2.10. Over the past 12 months, MSGM shares have gained nearly 102%. Benzinga's Edge Stock Rankings indicate that MSGM shares currently maintain positive short, medium and long-term price trends. &lt;figure class=&#34;wp-block-image size-full is-resized&#34;&gt;<img src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/14013414/Screenshot-2026-05-14-at-10.54.07%E2%80%AFAM.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/14013414/Screenshot-2026-05-14-at-10.54.07%E2%80%AFAM.png"/>&lt;/figure&gt; Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Read Also: Precision Optics Corporation (POCI) Stock Surges Over 23% Overnight: Why Is It Moving? Photo Courtesy: FabrikaSimf on Shutterstock.com</div>

MSGM

Motorsport Games Inc.（纳斯达克代码：MSGM）在盘后交易中下跌了 21.50%，收于 3.98 美元，此前常规交易时段下跌了 4.70%。尽管 2026 年第一季度的收入增长了 129.3%，达到了 400 万美元，并且毛利润有所改善，但每股收益从 0.33 美元降至 0.06 美元。调整后的息税折旧摊销前利润（EBITDA）上升至 150 万美元。首席执行官对业绩的评论可在 Benzinga.com 上查看

为什么 Motorsport Games (MSGM) 的股票在今天盘后下跌超过 21%？