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Motorsport Games: Q1 2026 Results
Motorsport Games reported significant financial growth for the first quarter of 2026, driven by a substantial increase in revenue and improved operational efficiency.
- Motorsport Games reported Q1 2026 revenue of $4.0 million, a 129.3% increase over the $1.8 million generated in Q1 2025.
- Adjusted EBITDA grew to $1.5 million in Q1 2026, up from $0.6 million in the same period of the previous year.
- The company strengthened its capital structure in April 2026 by repurchasing over 900,000 shares of Class A common stock and cancelling all outstanding Class B shares.
Interim Report Q1 2026
5th Planet Games achieved a net profit of DKK 669,000 during the first quarter of 2026, marking a significant recovery from the restated net loss of DKK 2,309,000 recorded in the same period of 2025.
- 5th Planet Games achieved a net profit of DKK 669,000 in Q1 2026, a significant turnaround from the restated net loss of DKK 2,309,000 in Q1 2025.
- The company maintains its full-year 2026 guidance of DKK 28–32 million in revenue and DKK 20–23 million in EBITDA, supported by the success of the title Invincible VS, which reached one million players.
- Despite achieving net profitability, the company recorded an operating loss of DKK 1.4 million for the first quarter of 2026.
Notice Regarding Capital and Business Alliance with Sony Music Entertainment (Japan) Inc.
GungHo Online Entertainment, Inc. has entered into a strategic capital and business alliance with Sony Music Entertainment (Japan) Inc. (SME).
- Sony Music Entertainment (Japan) Inc. (SME) will acquire a 22.93% stake in GungHo Online Entertainment, representing 23.29% of total voting rights, through an off-market transaction with SON Financial LLC.
- The share transfer is scheduled for completion on December 30, 2026, making SME and Sony Group Corporation major shareholders and affiliated companies of GungHo.
- The partnership focuses on the joint development and operation of smartphone, console, and PC games, alongside the integration of the SME Group’s content portfolio into new projects.
Notice Regarding Change of Accounting Auditor: Japan
Marvelous Inc. announced that its Audit & Supervisory Board will propose a change of accounting auditor at the 29th Annual General Meeting on June 23, 2026.
- Marvelous Inc. will replace its current accounting auditor, PricewaterhouseCoopers Japan LLC, with Crowe Toyo & Co. effective June 23, 2026.
- The transition will be formally proposed at the company's 29th Annual General Meeting.
- The change was driven by an internal board review focusing on audit structure suitability, fee reasonableness, independence, and quality control.
Matters Concerning Controlling Shareholders, etc.
GungHo Online Entertainment, Inc. maintains a corporate structure involving two primary affiliated entities, Belleisle Japan Inc. and SON Financial LLC, as of December 31, 2025.
- Belleisle Japan Inc. holds a 22.44% stake in GungHo Online Entertainment, serving as the company's primary controlling shareholder as of December 31, 2025.
- SON Financial LLC maintains an identical 22.44% aggregate interest in GungHo through a combination of direct and indirect ownership.
- Belleisle Japan Inc. functions as the parent company of SON Financial LLC, consolidating the influence of these two affiliated entities.
Current Report No. 22/2022: Agreement on Termination of Production and Publishing Agreement
The report announces that on October 1, 2022, People Can Fly U.S., LLC and its parent PCF Group S.A. entered into a termination agreement with Take-Two Interactive Software, Inc., ending the 2020 production and publishing contract for Project Dagger.
- People Can Fly U.S., LLC and Take-Two Interactive Software, Inc. terminated their 2020 production and publishing agreement for Project Dagger, effective October 1, 2022.
- People Can Fly retains exclusive ownership of the Project Dagger intellectual property, as Take-Two did not exercise its option to acquire the rights and its license has expired.
- If People Can Fly self-publishes Project Dagger, they must pay royalties to Take-Two on a quarterly basis until a total of $20 million is repaid.