- Motorsport Games repurchases 904,395 shares from parent company Driven Lifestyle Group LLC
- Success of MSG’s Le Mans Ultimate fuels bullish future outlook for business
Motorsport Games’ turnaround has been stark in recent months. Following a succession of layoffs, challenging licensing situations, and falling share prices, MSG’s future hung in the balance by late 2024.
However, investment from Chinese VR headset specialist Pimax helped mitigate short-term losses in 2025, while the success of the firm’sLe Mans Ultimate sim, the official game of the FIA World Endurance Championship, has enhanced the company’s future prospects.
Mooted console versions and a succession of DLC packs have boosted the MSG coffers, with its most recent annual report revealing an upturn in revenue to $11.3 million for the 2025 financial year – a 30% increase.
Share repurchase agreement
With that in mind, the company has today (27th April 2026) revealed it has repurchased 904,395 Class A shares in the business from its parent company, Driven Lifestyle Group LLC. At $4.11 per share, this equates to just over $3.7 million.
As a result of the transaction, all Class B shares in the company, which carried 10 times the voting rights of Class A shares, have been ‘retired’. This means each MSG share now has equal voting power.
Following on from this, shareholders have approved a motion allowing the company to reward employees with increased share-based packages, a move it suggests helps ‘incentivize and retain the people who are driving its growth’.
“This share repurchase is a direct reflection of how far Motorsport Games has come,” stated Stephen Hood, President and Chief Executive Officer of Motorsport Games.
“Our strengthened financial position has given us the ability to act, returning greater ownership and strategic influence to the Company and ultimately to the benefit of all shareholders.
“We are grateful to Driven Lifestyle for their support at the Company’s inception. It is a source of great encouragement that they have elected to retain a minority shareholding in the Company.
“The future of Motorsport Games is one we’re building for the long term, not just the next quarter, but the next decade. We see this as another positive milestone in the history of our resurgent company,” he concluded.