MSGM - Earnings call transcript Q1 2021

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Operator

Thank you for standing by and welcome to the First Quarter 2021 Conference Call and Webcast for Motorsport Games Inc. On today’s call are Dmitry Kozko, Executive Chairman and Chief Executive Officer; Stephen Hood, President; and Jon New, Chief Financial Officer. By now, everyone should have access to the company’s first quarter earnings press release filed today after market closed. This is available on the Investor Relations section of Motorsport Games website at www.motorsportgames.com.

During the course of this call, management may make forward-looking statements within the meaning of the federal securities laws. in on uncertainties expectations results that materially those based involve beliefs to are from and statements. risks could described statements management’s and current and differ These forward-looking these cause actual refer and SEC, could the looking ended XX-K period the report the for of company’s today’s filings XX-Q the ended XX, year Report actual including for release a differ the the discussion from quarterly company’s and implied Please company’s that to December with today. the on Form Annual detailed expressed the Form press risks materially XXXX XX, March on cause to statements results or for those any XXXX made forward as adjusted as the call, financial quarter discussed conference results. EBITDA XXXX will first today’s the we such certain to we In measures refer non-GAAP financial

because Executive would Motorsport adjusted the over of now we reconciling to call cannot and And information acquisition-related the do find occurred yet Officer information. predicted. results GAAP difficulty or unable turn the amount earlier forecasting not expenses reasonably unable but in are our or as will meaningful historical of effort certain You adjustments provide I a certain and items Chief address estimation a control is have calculation not not out are non-GAAP items, Games. Dmitry significance limited accordingly, we a of and provide like of and on today. expenses to measures be or such to release as, without Kozko, our actual these to unavailable for to probable accurate such the to And of the unreasonable now, stock-based the EBITDA issued of We compensation this of a press timing due inherent forward-looking included basis, available reconciliation to are reconciliation

Dmitry Kozko

our energy investor video do pleasure of Motorsport for It’s landing our and Games. this video key hope with out the page to we you in quarter sense Games, posted inherent successful of milestones illustrating in our at be Motorsport excitement We we while Please quickly our everything gives report everyone. that another check you quarter. on speaking the a a here website. Hello, as

dive follow want quick you Thank months. for many to to I in the into our few I Before past us details, taking a amazing this new shareholders, thank including have learn journey. on we and time say to our investors story to the met you

what me of all shareholders, and our us. who are new So, we drives let quickly reiterate

leading of world. racing an game publisher racing are series ecosystem developer, award winning, e-sport We provider the and an official motorsport throughout

Australia this the and Our achieved experiences, races simple. all We through of our mission by where today, have XX/X with I iconic and fast We across fan world. development and any additional spread XX% just exclusive the active across Le nearly team trust around the brands, And including just are at represents IP the valuable hours than building expand NASCAR we proud now leader Touring starting NASCAR. several iconic to with users and innovating our Games Netherlands. who interactive our Motorsport that collaborating games opportunities programmers continents, we one the monthly as we by class world’s a immersive publishing and Games and and is Car we IP am market getting is in And studio and the quarter, of differentiating Kingdom, started. and long-term making brands seek are of we our truly their ACO, with team we of with of racing like members and partnerships us are operating as Russia, presence virtual developers resources our British There Championship. Mans at world towards are world work the often we the progress motorsport which the company. in And base the with Global beyond. parent games, NXT at launch to more class become great This racing from company’s growing United joy time, we given create and ago. our million into are United the months XX most Motorsport racing XXX States, of the entertainment developing in are and access were mission close e-sport expanding XX

synergistic. elevate initiatives been of a provider. I are Studio anticipated game. is it they expect which experiences And said into world strategic realistic with product a NASCAR where developer asking class we anticipate to new game half these and to and of for the from exciting X, ultimately this be publisher, the highly the released the as quarter year, to and game gaming Our here case company key game company. an third rFactor of the the particularly incredibly experience XXX been to and integrating NXT, made multi-product very which sales provides is feel one needed of our time e-sport combination is we ideal This is assets assets, is this have for assemble pleased progress we believe quality we KartKraft we launch translate the The our this fans new from the be back and compelling what with am acquisition The high digital most fans. will in gaming the of have to year-to-date, what

is game status, brings realistic And player NASCAR this completing been in you our the complete Studio of the due to will have showcasing technologies and and game. racing XXX further characteristics consume game with we of the the the NASCAR. to the X, goal platform, strive Furthermore, graphics our security strategic MSGM possible Since fun We of high-quality, update the rFactor unique integrate the racing while achieving continue of engine, world real portfolio. The This AAA integrate we a to acquisition will experience, me initiatives. that of this accelerate towards future as belongs. now a on those. franchise truly to new our where recent our source their understanding hyper able in improving integration development acquiring game and the into code realistic the technology efficiencies at across part it level technology let

and product had working enhanced into relationship was talented seamlessly This our development the back acquisition. code, to improvements not well. for improve all us efficiency XXX and years are gaming great possible relationship enabled past the as folded Motorsport integrate and before team As a X core any and technology source rFactor that Studio to the additionally this developers, expertise. Games X

another portfolio allows we the Games us enhance KartKraft further our also and Motorsport and to or completed provide outdated of new diversify IP. This new title with QX. notable discipline We acquisition attract the racing is global fans during presence another our Australia to forward gaming KartKraft Australia continuing to to community, adding physics. Games our while content look and pairing to Motorsport the KartKraft to acquisition

already. acquisitions realistic. fun, all our games pipeline and for Our that development are immersive have the necessary development to been product has great capabilities these and tools Completing create teams

We excited are are acquisition, which working super the about. digital we also anticipated towards sales completing

any now, of to not additional have do M&A plans we As disclose.

higher global and our drives maximize at across NXT engagement and around shareholder new it XXXX, sponsorships. billion this we the world value CAGR highly our and potential industry now, event now product at people and the billion focus an to that revenue base It an capital. growing funnels However, from core is are our But the opportunities e-sport a watch new our time, users eager expected streams on of and phenomenon, XX% finalizing over opportunity our nearly to upwards. and of only always into NASCAR getting e-sport fan business, market number grow trending $X fans. is exploring is decade. which In And X.X compelling update hands new next a

effective the Award in the Winter are exciting scene. series user This Rallycross was awards competition award few of Heat want It’s technology just for for our NASCAR our Mans influencers world are for to we own formidable DiRT growth is the and be Best Sports X.X were the Series, e-sport technology sports with category XXXX fans we and of and received Formula Sports we led XX iconic week player the ago, IP and there. of celebration help finals sector with racing our engagement over And validation. us events industry on annually e-sports competitors, We world and in A by the a believe class We sports the a that The One the of combination our will innovation advances international event. get by including One from leading dominant of hour an around our Esports participating received held technology. events global World to Rally XX outstanding in videogame. Brand ESL. events and as Heat virtual X the highlight showcased World Le e-sports across and judged we the of leading category. won Use

our We are virtual reflecting excited to about awesome and and vision last e-sport Le capabilities our community hard of our summer, the success teams. team’s delivering global Mans and creativity our content work, this of major validation

for on our record of will later. of events. also working of for NASCAR and rFactor Le sports, had and BTCC are we starting ownership event, numbers. second coming All are X Showdown TV we our viewership League which of digital include Season again when launches focused are X NXT now Heat did Summer we vast product and having will that’s awareness like audiences launch build to last audience annual to NASCAR We we the NASCAR and series are other our on virtual from Mans benefit new year expected events course, Other raise Pro

We our our and Traction fan are growing traction growth key a events in online allow and to all user be as traction with phase to foster Lastly, space later our believe the featured into heavily there. we future deeply will across this launching our more year. e-sport this platforms. plays business integration on role ecosystem engage expect platform base the relies of the innovation to we deliver of and integrated next base and

about Thank you. Now, a say development words progress. product few is Stephen our to going

Stephen Hood

and Dmitry I hello am Hood, you, Thank of President everyone. Motorsport Games. Stephen

quarter, game, we especially announce to strides are flagship our NXT. development making this franchise We pleased NASCAR for great are new the

franchise Our final as will recent simulation integrate can we a brings into our Studio racing physics XXX, of in will acquisition technology. life game closing development toolbox include significant Due the a major reworking the much their and way. leading real then stages certification. hardening for rFactor product to submission develop prior that Beta. development platform X and The to more enters holders efficient NASCAR period NASCAR to NXT NASCAR our game and development testing of enters enter of NXT to

We in are launch the are clock we But third NASCAR quarter franchise new the there. the working back year. not around stopping of anticipate and for our this half

NASCAR and add useful NASCAR are reached to the release later platform, track platform We by to franchise franchise Games for possible Motorsport A will and year. way our entry bringing Nintendo the on which Switch not future into remains the paved yet market. this our for exposure revenues Nintendo

build NASCAR to with our fans the continuing quality fans prioritized broaden and upcoming new and update, expanded our Mobile should existing also on appease ongoing are and product of development the improvements team, XXXX appeal of using content recently alike. Heat which life We

X and in Match the within and Nintendo license Additional development remain NASCAR around our titles products. include Switch portfolio

to pace at work they games consoles to fan joy platforms wherever across and of to racing may our continue the our fans to multiple grow drive base We play.

and our Both Motorsport providing Both Motorsport integrate gaming years. As Games months completing you we bolster and seeking overall acquisitions be our and all Studio integrate help expertise to know, capabilities with hands-full to teams, and product and significant together technologies. development processes rFactor studios and Motorsport Games Australia and to continue over to experience. KartKraft working with into parties platforms with harness coming staff, the will technology Games strategic had XXX

example, XXX will For platform. go-to Studio our from be e-sports rFactorX

Games platform. Touring this from Motorsport e-sports series, and confidence Car we immediately those benefit for and over and control now have to the are our class in-house Le will yet teams product bespoke Mans British our a provide For world

Laser planning on as making environments We Car from engrossing product track to the BTCC an upcoming shift recreation accurate and features creative versus touring environmental platform the of of are recently every Touring feedback KartKraft British to has creation. scanned update and All to and rFactor been the with provides the X. to laser British allows appeal possible. players differentiate MSGM other for over for experience ahead detail, all surfaces now want content data level of and both physics car which stretch NXT the continuing engine, rFactorX audience I will to have expand a when our of combined undergone of content utilize content. our highest Touring highly tractors which designed and MSGM of NASCAR wide world. game Car offerings fans scan

Our expense, products forward but mud end, still on highest on subsequent each product allows and with more a carry be drive the unique work can controlled efficiently titles This the feature will selectively which our development market. reuse. can and technology to provide tightly the development and sport focus for teams quality differentiation order into the water-falled ecosystem. In traits product in games

fully recruit Studio capabilities. as hub brightest to studios tight Lastly, UK Technical UK high industry’s continue best in of in Silverstone to and to between the An team, own Positioned Director a e-sports experienced May functioning the goals caliber our recruits its join continue alongside and the Silverstone development internal the and collaboration we talent strengthen studio will our into turn arrive our operations. e-sports right. ensure development

world and from of served as hires games multiple company. pace. The recognition increased class continues playground the the games, reach of Electronic has the Additional our studios activities Arts accelerate to such

some me to financial New Now, give hand Jon let to over highlights.

Jon New

Thank Stephen. you,

everyone We conference welcome are our call. pleased first to quarter earnings to XXXX

console The compared year released XXXX the and in quarter of of year for to For to The of $X.X XXXX in prior Operating since NASCAR in to decrease profit sales $X.X as increased $X.X a first physical million the quarter gross $X.X Gross of XXXX. year the from million margin NASCAR NASCAR lower as closest lesser games, the was were was a profit of later revenues. to XXXX first in margin was first quarter in Heat XXXX first the due Gross higher units. of during of revenues the date. Heat release gross decrease XX% which Digital new of of partially compared decrease revenues compared were by first profit the of of quarter in primarily period. on dollars the reflects first of NASCAR was during was in prior the our The offset compared September extent, of reduction Heat the to reduction is revenues occur sales million. XXXX. quarter, to first a for the XXXX. months release sales of a This margin. first $XX.X million the Heat percentage compared the expenses in first to for versus quarter XXXX million million calendar digital the $X.X sales quarter X the revenues game of of XX% XX% X in majority mobile XXXX, that year-over-year respective in compared of to higher release quarter the X to X resulted July X quarter sales has

includes our $XXX,XXX in quarter expenses expenses compensation associated IPO, the of million first in IPO, stock-based relating million to non-cash to with related The $X.X and in activity acquisition the quarter. $X.X

staffing, year increase marketing and new to As adjusted versus negative for prior our negative EBITDA ended million the development games. $X.XX result, support the and the $X.X change in in X a new quarter-over-quarter million reflects March The options upcoming XXXX XX, period. brands game for was platform months

touching in year negative is EBITDA our looking Let We $X.X and full revenue million. me confident guidance, which ahead. finish financial $XX.X our by on million remain expectations in adjusted

today. to with revenue are NXT this year, anticipated back of go Operator? fourth expected in and let’s of million. third release for questions. the half year remain quarter the over you full of third We us Thank quarters. now, NASCAR our revenues launch-related comfortable spread With the $XX.X to forecast And joining

Operator

Our from first Instructions] [Operator Michael line of comes Canaccord. with question Graham the

question. proceed You with your may

Michael Graham

updates guys. for thanks and you the Thank all

just also, on always a it on then for us so give but quarter a that? some Thanks. Stephen have in the I of follow-up. Just you first wanted game wondering And expected consistent half can the the launch? to that you be qualities color the that, have we one to makes is most share can us? if your NXT little and QX, on come your if along with about of if this DLC the appreciated the And to of comments maybe, anything start second expect there features, wondering launch to sense are level why Just have comments interesting you would with question NASCAR launch, with that

Dmitry Kozko

Dmitry. NASCAR NASCAR It’s X results have with Thank game we launching you, seen X September. these X, for from the question. month and reason historically the in releases The Mike, of is Heat great annual

half on to the points So, as title the us that we NASCAR launch to in most look our target make of the in data yet and company continue for successful are NASCAR potentially NXT, this QX second we history. will help at

very now remain timing. of specific So would full and the take getting question? year Stephen, on our And with part we you the second more comfortable XX.X still of guidance the into are

Stephen Hood

Sure. DLC. I the on up can pick

easiest is to certainly Probably is to NASCAR describe So NXT. it a yes, of greater DLC the the plan into content inject. variety way

work were more incredibly know of are amongst and platform into into that our products into reasons There rebuild DLC possibly personalizing for schemes prepare cars wanting to new platform is years the that schemes adding a of of product additional being injected the the audience. and just in around opportunities do future. paint themes content for package already last we to the additional popular that the instead couple is UI, have over the key the NASCAR future we putting the into new one all So, technology for been the NXT

components of than seen in have of drivable prior. NASCAR Heat the more even are kind these what value franchise So, we

that operates we NASCAR variety own certainly DLC how it the is stronger it’s tomorrow. changing one We all a the I and we get types and NASCAR we So, interests technology, NXT. market in know react demands inject framework will lot door the than believe for players of games greater and that. for key a and over of reasons of into this the the time, the opened and of different of can and NXT to And

Michael Graham

helpful and Okay, color. good that’s

just then in are a you And becoming is I that. for for are e-sports how thinking just getting for wanted events. ask, are you good evolution potential and the thank of little viewership something And eventually share terms if thinking Dmitry about revenue regarding rights, as can you the bit little of some momentum the from other you wonder in one So, business? that moving to the strategy more sort is I sponsorship about to your e-sports near-term, is the of that you streaming a

Dmitry Kozko

there a Mike. of So couple is there, things

first e-sports So of opportunities I create the with as an we holder. give example. because we additional sector these with of bespoke one will the the rFactor that all, excited super acquisition stream us revenue rights you are in X, enables

dedicated will We have amount created e-sports of create a a such a because did we stream. collect from E to not but to are have activities us revenue moderate game game with title, year, we type of which able allow Formula last revenue only

we And to later NASCAR the season e-sports. compound this your these example, engage four-fold one our e-sports these Mans and and platform we e-sports to related more And fully did revenue season games about similar are we are season a with Le results But play, look derive to able of our other can streams as such monitored, Now, create continue for have audience go and from as two. from a on our season here as season, we activities, as with and audience, absolutely under revenue. we we to been we as for it’s service now platform grown have sponsorships we and on events year. control, rFactor to see point, in ours just X and more being three

that and aggregate immediate compounding increase as for overall different between effect an So, this to offering continue the this becomes attractable viewership, viewership e-sports opportunity. rights we series,

do we were not we believe discussing to something opportunities are we than be is at counting are we yes, it’s super game we a the derive we that So just sooner dedicated going these that in yet. excited title something the to perhaps year. opportunity But be of derive do we e-sport revenue could for not Right for. now, able that the that beginning from that will about have fact

Michael Graham

Super.

Thanks in go much. Thanks, back I guys. Okay. the so will queue.

Operator

Company. next from Mike one Instructions] [Operator Benchmark with question of Our Hickey comes

You with question. your proceed may

Mike Hickey

Congrats current NASCAR Hi, comfortable view, of Dmitry, the on not guys. sure to guess, XQ, the with your not gave on going NXT. are consensus? quarter I you more Jon give on last quarter, of comfort so a if I I or the on and curious development quarter, if just hear Stephen. Excited any to consensus, Jon, visibility year continued you think quarter you just am your before level are

Jon New

out there. with are We still as QX it’s the comfortable

Mike Hickey

Nice, here, where developer is good. curious of after these it trend? total all think deals, you increasing, today And headcounts what doing obviously Also lot your do headcount will deals your guess spread your of out development globally. growing just how the broadly within culture culture, studios, about then think the I obviously importance offices culture, to make maintain you those you speaking,

managing pretty games. Now guys. Thanks, sort you crunch. about are like issues how associated of They ambitious, think

Dmitry Kozko

Mike, those Thanks for questions.

being more the this it to able touch presence we to where wide such open areas the global geographical have that resource, talent we majority now to quarter fact exciting, our Stephen which which to had high speak a headcount, to are And increased us by we we organically helps in XX%. that I development X/XX, as of So, that from will specific that on. attract continue is our such footprint. reported culture of to development passionate is give definitely XXX to of about exist, creating talent are last allows And games. almost nearly growth because racing are that level capability that high be level our and publishing XX And are super that more numbers,

look geographical as U.S., say But is have let’s we do the sort restricted up And this Australia, before. like of longer talent presented and all surfacing no or that So, across to another opens had globe. with areas UK, we in smaller now Eastern opportunity. Europe,

are So, excited sales like are growth bring, like in, ready to that organically teams we mobile about only also digital the coming especially we continuing highly platform. but and not area, a attract, capabilities they in

Stephen Hood

it these exciting yes, as been I This the growth much NASCAR as team a that goes incredibly you the that has to is People work, to I and around the put engaged built, effort specialists And So is are NXT people that put passionate, it’s do. to think putting well. mentioning super watch that been and for Dmitry these been it’s and of many the employed as has are impacting they their product. into world. crunch. very reducing have the – we mean, hobby a of products, need their very souls hearts long as something way enjoy into the that because

when other across games most studios I an and is challenge think of think crunch, and wide is only Car are not around I very growing very but long planning culture and mitigated like these multiple careful organize products There giant processes board of for large NXT, is that talk Touring the applied important which headcount, increase in And And part one work outlook. new an team family operations world. Le does about countless industry the is But people already hiring headcount day mitigating company, and to the age, are British development. way NASCAR projects. engineers that this the ideas are many which imagine the planning that are operates through automatically many go we to production that to Mans a appropriate crunch. the in we team planning the development on the

positive I that. am that planning comfortably I the headcount in have about and and So, and tomorrow, the the right projects place, of we believe manage to culture, the very today right right

Mike Hickey

Thank you.

mentioned have just last also to network, course, in you of games will a IP, curious, you for the it Gérard the help us Motorsport and any comments IP And on a You of prepared bunch and racing continue could in compete? you racing be But if guys. how your seek aggressive Dmitry you game well. like of we you you second that additional looks on from ‘XX, year you brought to already as double can click a major the additional expect when then fiscal question, visibility look got it. should you at Thanks we amount give and

Dmitry Kozko

Thanks Mike.

as and right even very racing global excited as beginning of a an I on possible with multiple of where discipline. that as regardless IPs. one racing why games the our that’s they set so adding example, pair are vision, we as additional we our KartKraft And racing That the saying class to in my out means remarks that was from with So we noted, for that disciplines. rightfully we time, would portfolio wait have you can’t that we of are carries And pre-IPO, portfolio world for fans, a of want is are do to hold wide in the footprint. is racing

growth seek us you with products gives their the of are to of that with essentially a those our of pairing types and IP product So, but technological able some from holders it. disciplines only organic quality others. of on confidence see also we carry, we coming not gives bring quality will name platform these standards level continue leap as the rFactor taking such And with IP to X as forward to us a advances

develops has as well. somebody he deliver that hour, World Mans helps he message, So industry, as as that Gérard been Neveu continue and us with help deeply Endurance that us. Championship, integral was he footprint event in global the XX our does similar is to virtual there understands Le and

he talk to create holders, and these to e-sport needs into continue series we products helps what us IP translate their we As race experiences. other could from our

that opportunity to with the of and around sort was So, to audience to nearer fan than portfolio super network games access, much couldn’t excited scale excited. possible widest to before an additional sort access is one of are racing net that provides most notable racing it world our we cast validation of a more we the us. any Motorsport And for be

Mike Hickey

Nice, look did pipeline have like another at the you ‘XX your major if you see time what racing did you give major periods? – would

Dmitry Kozko

were So we our announced XXXX, Championship that that year, set Car British when is the is come slated last Touring as to we out game out. that license obtained

this British XXXX. year, to e-sport with look we opportunity So, Car later release Championship in a would Touring create an and product

as schedule. still Stephen obviously and adds detailed forward have time. everything how are super And the to year all we of on an his which has remarks, tracks look each scans, launching these series, sort of it reported race So, we is next of to approach on completed insight laser excited in one

Mike Hickey

kart guess, one to Maybe kart racing at when the for maybe add last have you Nice. you arguably biggest game world. me one in look I we the Mario

look you to of of the tech that when you expand they at market mix potential licensing think kart, the so any of And opportunities, game? game see the novel sort adding is there

Dmitry Kozko

accessible the fact multiple that and is understood Thank very across you definitely karting for highlighting fun generations. and

is into world. go believe is that example I karting when of that the those might like that for kids, we some And fun. Mario You of speak translate presents to this fact attractions the heard one parks, before, it’s Kart characteristics example, virtual of that me when there. highlight are have the And because those theme

with. allows to downloading make multiple as products we we base, sort fan also to would of but do, IP that fan of once across that have opportunities like the world, sure excitement our karting games. of And deliver another spread want are of We continue KartKraft we pair we aspect the foundation we the one to fun That we captive address around each the launch. us a do base us license helps with audience then of captive to that these type

IP our NASCAR sort look that snowball with we effect as we in with karting do with it other the to well, starting have So, forward of pairing franchises and set portfolio. just right to in as and out done

Mike Hickey

Thank great. of That’s Best you. luck.

Dmitry Kozko

you. Thank

Operator

with D.A. question next one Franco from Our of Davidson. Granda comes

your with proceed may You question.

Franco Granda

questions. my taking on have for Good mobile I two afternoon, got everyone. gaming. Thanks

new So, different have mobile span you that talking been categories. games about in creating

is you this do You have X to look large Match mentioned current expand to think enough the just team portfolio?

Dmitry Kozko

for questions. Franco you, the Thank

answer short that capability. But to we expand is continue yes. team So,

mobile Mobile. we Heat that’s example, in do today, have that For product has it. attached market team NASCAR one its to And mobile

continue team, we with not to by level attract of high expands anticipated you but may. hire, level talent, that high just this that mean I However, acquisition of experience. such sales, sort digital through if And organically,

franchise. And discipline are team expand believe happy we that tails once digital additional we So, alongside an young capabilities. current to would mobile have with we our brings pair we NASCAR with tails, racing experience actually digital capabilities the do their and

to now you and see why into extend our able expand license base it’s sort could grow that in capabilities, side, the expand single But have upon. are another of mobile to for just fan are similarly others another to continue PC progress we we that development our NASCAR able as we of That’s done BTCC So, and point to are and multiple which console captive franchises. your from pipeline. that of we are and we in a franchise

Franco Granda

call console fair are other enough. is that I Thank talking on right. market. it Yes, for we you you Obviously, affected Right just seeing everyone the a PC And if then could questioning. guess the color. different headwinds, gaming from quite of effect the mobile now mobile industry. market the be about is it having line as IDFA And by similar

can think looking spending do space, different opportunities you know M&A used out I that it time larger So, you this or at you relates are M&A as a dynamics, much kind in for emphasis of as as to a terms you I portfolio off build guess how hires really, of look you at have that as macro the there? you

Dmitry Kozko

the we core that, driver have are That for two other revenue So, focused us. would launching the go products. Le the on we been alongside currently Mans currently PC NASCAR historically developing are NXT. exclusive licenses, and that BTCC has And and on we and console

been we So, revenue. a as possible. that historically want we has opportunity make our Mobile overall of to smaller much portion that sure expand as

to However, the that growth be proves largest sector.

thinking PC I your to ops on means more have, and won’t be products, console live a pipeline Stephen we a which we and mobile we a into something PC, about as So, that that to touched perfect or better the of games so our focus to service. to are exciting on M&A like constantly slightly to score able was and questions Graham’s an as our different And console create model, content. of a time opportunities, be believe question could Mike right, we on currently evolve much that how way, are franchises as spending answer continues and in we

focus, we So, out additional perhaps that would such. of our and a let makes opportunity disciplines expands explore But will further, definitely studios. discount, opportunity racing it not present sense seeking than me it so itself mobile and more growth should be more a and

Franco Granda

Good. you. Thank

Dmitry Kozko

Thank you.

Operator

Instructions] Kozko have over turn reached for I like this Mr. remarks. the [Operator to call today’s back session. gentlemen, closing question-and-answer and we of to Ladies Dmitry end would

Dmitry Kozko

more for everyone thank us you One time, joining today.

our the anticipated excited and very in of the the traction the we history our IP priorities game about and other in are title have iconic of several addition year platform. NASCAR We most rest company. e-sports launching across to And yet the

So thank us. joining for you again

Operator

This concludes conference. today’s

disconnect at rest of your the participation. may time. Enjoy lines your this your for evening. you Thank You

Motorsport Games (MSGM) 18 May 212021 Q1 Earnings call transcript