GameSquare reports 85% revenue growth to $52M in 2023; net loss widens to $31.3M; guides >$100M revenue for 2024

GameSquare Holdings, Inc.

2024-Q1 EPS reported -$0.30 revenue$17,728,224

Revenue $52.0M (+85% YoY vs $28.1M); gross profit $13.4M (up from $9.7M); net loss $31.3M (vs $18.1M).
Adjusted EBITDA loss of $15.0M improved to 28.8% of revenue from 47.2% in 2022.
2024 pro-forma guidance including FaZe Clan: >$100M revenue, gross margin 22.5%-27.5%.
During Q4 2023, two brand partners pulled campaigns expected to generate multi-million-dollar high-margin revenue.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GameSquare Holdings, Inc. reported twelve-months ended December 31, 2023 results: revenue $52.0 million, net income $31.3 million. Guidance initiated.

Period: twelve-months ended December 31, 2023
Revenue: $52.0 million
Net income: $31.3 million
Guidance: initiated
Result: reported results

Exact text from the filing

such filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 GameSquare Holdings Reports 2023 Results Revenue increased 85% year-over-year to an annual record of $52 million, reflecting the contribution from the Engine Gaming acquisition, and organic growth April 16, 2024, FRISCO, TX – GameSquare Holdings, Inc. (NASDAQ: GAME), (“GameSquare”, or the

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