Motorsport Games Appoints Peter Hansen-Chambers as CFO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Motorsport Games announced that Peter Hansen-Chambers will join the Company as Chief Financial Officer, effective July 1, 2026. Stanley Beckley, the Company's current CFO, will transition into a newly created role as Chief Accounting and Compliance Officer, effective the same date. "Peter joins the company with a valuable breadth of experience, bringing us the commercial and strategic depth we need as we build out new products and revenue opportunities," said Stephen Hood, Chief Executive Officer of Motorsport Games. "His track record of scaling a games business, building strategically valuable partnerships, negotiating deals, and managing its finances alongside operations through growth periods speaks for itself, and I'm looking forward to working alongside him to deliver on our vision for the Company's future."
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About MSGM
Motorsport Games Inc. is a racing game developer, publisher and esports ecosystem provider of motorsport racing series. It develops and publishes multi-platform racing video games, including for game consoles, personal computers and mobile platforms through various retail and digital channels. Its segments include Gaming segment and Esports segment. Gaming segment is engaged in the development and publishing of interactive racing video games, entertainment content and services. Esports segment is engaged in the organization and facilitation of esports tournaments, competitions and events for the Company’s licensed racing games as well as on behalf of third-party video game racing series and other video game publishers. It is a licensed video game developer and publisher for motorsport racing series including the 24 Hours of Le Mans and the FIA World Endurance Championship, releasing Le Mans Ultimate in Early Access. It also owns rFactor 2 and KartKraft simulation platforms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Motorsport Games Appoints New CFO
- Executive Change: Motorsport Games announced that Peter Hansen-Chambers will become CFO effective July 1, succeeding Stanley Beckley, who will transition to the newly created role of Chief Accounting and Compliance Officer, indicating a strategic shift in financial management.
- Leadership Experience: Hansen-Chambers has served as an executive advisor since January and previously held leadership roles at Hutch Games as co-CEO and CFO, bringing valuable management experience that will aid in enhancing Motorsport Games' financial stability and growth.
- Future Planning: Motorsport Games plans to share its growth roadmap for 2027 and beyond in Q3, reflecting a clear vision for future development, particularly after a $3.7 million share repurchase that boosts market confidence.
- Financial Transparency: The appointment of the new CFO aims to enhance the company's financial transparency and compliance, especially in the highly competitive gaming market, ensuring that the company can effectively navigate financial challenges and seize growth opportunities.
See More
Motorsport Games Q1 2026 Earnings Call Highlights
- Strong Financial Performance: Motorsport Games reported revenues of $4 million in Q1 2026, more than doubling year-on-year, primarily driven by a $1.6 million increase in Le Mans Ultimate sales and a $0.7 million rise in RaceControl subscriptions, indicating robust market performance and enhanced profitability.
- Growing Subscription Revenue: Monthly recurring revenues from RaceControl exceeded $200,000, accounting for 19% of total quarterly revenues, showcasing the success of the subscription model and laying a solid foundation for future revenue growth.
- Share Buyback and Governance Optimization: The company repurchased 904,395 shares of Class A common stock and retired all Class B shares, ensuring equal voting rights per share, which is expected to enhance shareholder trust and potentially boost stock prices.
- Future Outlook and Product Roadmap: Management anticipates announcing more details on the launch of Le Mans Ultimate as they enter 2027, emphasizing a quality-first approach, reflecting the company's confidence in future growth and keen awareness of market demands.
See More
Motorsport Games Announces Share Buyback and Governance Enhancements
- Share Buyback Initiative: Motorsport Games repurchased 904,395 shares of Class A Common Stock at $4.11 per share, reflecting the company's confidence in its financial outlook following a return to profitability, which is expected to enhance shareholder value.
- Governance Structure Improvement: The company has retired Class B shares that carried a 10x voting advantage, ensuring equal voting rights for all shareholders, which will improve transparency and fairness, thereby strengthening shareholder trust.
- Talent Incentive Mechanism: Shareholders approved an increase in the number of awards available under the employee equity plan, enabling the company to more effectively incentivize and retain key talent, thus driving ongoing growth and innovation.
- Long-term Development Strategy: The company is building a virtual racing ecosystem aimed at attracting racing fans worldwide through new products and experiences, indicating that Motorsport Games is focused not only on short-term performance but also on sustainable growth over the next decade.
See More
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Motorsport Games Annual Meeting Adjourned Due to Lack of Quorum
- Annual Meeting Adjourned: Motorsport Games' annual shareholder meeting on April 21, 2026, was adjourned without conducting any business due to a lack of quorum, indicating challenges in shareholder engagement for the company.
- Ongoing Vote Solicitation: During the adjournment, the company will continue to solicit votes from shareholders of record as of February 27, 2026, with a deadline of April 22 at 11:59 PM, reflecting the company's commitment to shareholder participation in decision-making.
- Company Overview: Motorsport Games is a racing game developer and esports ecosystem provider, focusing on creating authentically realistic racing games, holding licenses for iconic series such as the 24 Hours of Le Mans and the FIA World Endurance Championship, showcasing its leadership in the racing game market.
- Future Aspirations: The company aims to build a virtual racing ecosystem where each product drives excitement and every esports event is an adventure, indicating its confidence in future growth through continuous innovation and engagement with racing fans.
See More
Motorsport Games Releases Version 1.3 of Le Mans Ultimate with Major Updates
- Completion of ELMS Season Pass: Version 1.3 adds the Duqueine D09 and Circuit de Barcelona-Catalunya to the European Le Mans Series Season Pass, enhancing content richness and increasing player engagement and satisfaction.
- Significant Performance Optimizations: By replacing the legacy frontend, loading times have been reduced by approximately 20%, and a new system has been introduced to improve frame rates, ensuring a smoother experience during races and enhancing the game's competitiveness.
- Introduction of New Cars and Layouts: The update includes the Genesis GMR-001 LMDh available for free to all users, attracting more players while expanding existing circuit layouts, thereby increasing the diversity of events.
- Launch of Trueforce Support: Native Logitech Trueforce support delivers more realistic feedback effects, enhancing the immersive experience of the game and further solidifying Motorsport Games' leadership position in the racing game market.
See More
Motorsport Games Appoints New CFO
- Executive Change: Motorsport Games announced that Peter Hansen-Chambers will become CFO effective July 1, succeeding Stanley Beckley, who will transition to the newly created role of Chief Accounting and Compliance Officer, indicating a strategic shift in financial management.
- Leadership Experience: Hansen-Chambers has served as an executive advisor since January and previously held leadership roles at Hutch Games as co-CEO and CFO, bringing valuable management experience that will aid in enhancing Motorsport Games' financial stability and growth.
- Future Planning: Motorsport Games plans to share its growth roadmap for 2027 and beyond in Q3, reflecting a clear vision for future development, particularly after a $3.7 million share repurchase that boosts market confidence.
- Financial Transparency: The appointment of the new CFO aims to enhance the company's financial transparency and compliance, especially in the highly competitive gaming market, ensuring that the company can effectively navigate financial challenges and seize growth opportunities.
See More
Motorsport Games Q1 2026 Earnings Call Highlights
- Strong Financial Performance: Motorsport Games reported revenues of $4 million in Q1 2026, more than doubling year-on-year, primarily driven by a $1.6 million increase in Le Mans Ultimate sales and a $0.7 million rise in RaceControl subscriptions, indicating robust market performance and enhanced profitability.
- Growing Subscription Revenue: Monthly recurring revenues from RaceControl exceeded $200,000, accounting for 19% of total quarterly revenues, showcasing the success of the subscription model and laying a solid foundation for future revenue growth.
- Share Buyback and Governance Optimization: The company repurchased 904,395 shares of Class A common stock and retired all Class B shares, ensuring equal voting rights per share, which is expected to enhance shareholder trust and potentially boost stock prices.
- Future Outlook and Product Roadmap: Management anticipates announcing more details on the launch of Le Mans Ultimate as they enter 2027, emphasizing a quality-first approach, reflecting the company's confidence in future growth and keen awareness of market demands.
See More
Motorsport Games Announces Share Buyback and Governance Enhancements
- Share Buyback Initiative: Motorsport Games repurchased 904,395 shares of Class A Common Stock at $4.11 per share, reflecting the company's confidence in its financial outlook following a return to profitability, which is expected to enhance shareholder value.
- Governance Structure Improvement: The company has retired Class B shares that carried a 10x voting advantage, ensuring equal voting rights for all shareholders, which will improve transparency and fairness, thereby strengthening shareholder trust.
- Talent Incentive Mechanism: Shareholders approved an increase in the number of awards available under the employee equity plan, enabling the company to more effectively incentivize and retain key talent, thus driving ongoing growth and innovation.
- Long-term Development Strategy: The company is building a virtual racing ecosystem aimed at attracting racing fans worldwide through new products and experiences, indicating that Motorsport Games is focused not only on short-term performance but also on sustainable growth over the next decade.
See More
Analyst Blog Stock Recommendations
- UnitedHealth Performance: UnitedHealth Group (UNH) has seen a 0.6% decline in stock price over the past six months, compared to a 3.4% drop in the HMO industry, indicating rising medical cost pressures, although Q1 earnings exceeded estimates with total revenue expected to surpass $439 billion in 2026.
- Morgan Stanley Growth: Morgan Stanley (MS) shares have risen 17.4% over the past six months, outperforming the investment banking industry’s 6.2%, with Q1 results showcasing strength in capital markets and the acquisition of EquityZen expected to enhance client relationships and drive revenue growth.
- RTX Strong Orders: RTX Corporation (RTX) has outperformed with a 2.1% stock price increase over the past six months, with Q1 earnings beating expectations and a robust order backlog of $271 billion supporting future growth, despite uncertainties from U.S. government import tariffs.
- Microcap Underperformance: United Homes Group (UHG) has underperformed with a 32.4% stock price decline over the past six months, reflecting weak demand and declining orders, although product repositioning and cost reengineering are supporting structural margin resilience.
See More
Motorsport Games Annual Meeting Adjourned Due to Lack of Quorum
- Annual Meeting Adjourned: Motorsport Games' annual shareholder meeting on April 21, 2026, was adjourned without conducting any business due to a lack of quorum, indicating challenges in shareholder engagement for the company.
- Ongoing Vote Solicitation: During the adjournment, the company will continue to solicit votes from shareholders of record as of February 27, 2026, with a deadline of April 22 at 11:59 PM, reflecting the company's commitment to shareholder participation in decision-making.
- Company Overview: Motorsport Games is a racing game developer and esports ecosystem provider, focusing on creating authentically realistic racing games, holding licenses for iconic series such as the 24 Hours of Le Mans and the FIA World Endurance Championship, showcasing its leadership in the racing game market.
- Future Aspirations: The company aims to build a virtual racing ecosystem where each product drives excitement and every esports event is an adventure, indicating its confidence in future growth through continuous innovation and engagement with racing fans.
See More
Motorsport Games Releases Version 1.3 of Le Mans Ultimate with Major Updates
- Completion of ELMS Season Pass: Version 1.3 adds the Duqueine D09 and Circuit de Barcelona-Catalunya to the European Le Mans Series Season Pass, enhancing content richness and increasing player engagement and satisfaction.
- Significant Performance Optimizations: By replacing the legacy frontend, loading times have been reduced by approximately 20%, and a new system has been introduced to improve frame rates, ensuring a smoother experience during races and enhancing the game's competitiveness.
- Introduction of New Cars and Layouts: The update includes the Genesis GMR-001 LMDh available for free to all users, attracting more players while expanding existing circuit layouts, thereby increasing the diversity of events.
- Launch of Trueforce Support: Native Logitech Trueforce support delivers more realistic feedback effects, enhancing the immersive experience of the game and further solidifying Motorsport Games' leadership position in the racing game market.
See More
