Motorsport Games: Q1 Earnings Insights

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Motorsport Games MSGM reported its Q1 earnings results on Thursday, May 11, 2023 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Motorsport Games beat estimated earnings by 30.45%, reporting an EPS of $-2.33 versus an estimate of $-3.35.

Revenue was down $1.59 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.44 which was followed by a 6.69% drop in the share price the next day.

Here's a look at Motorsport Games's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -3.73 -5 -4.5 -5
EPS Actual -4.17 -7.29 -6.3 -5
Revenue Estimate 4.13M 3.23M 1.80M 1.78M
Revenue Actual 3.77M 1.22M 2.01M 3.32M

To track all earnings releases for Motorsport Games visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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