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GameSquare Holdings, Inc. (NASDAQ: GAME) is an innovative, vertically integrated digital media, entertainment, and technology company connecting global brands with gaming and youth culture audiences. Through its comprehensive platform, GameSquare offers an array of services including marketing and creative functions, data and analytics solutions, and widespread brand amplification efforts, primarily through FaZe Clan—one of the most iconic gaming organizations worldwide.
The company's subsidiaries include Gaming Community Network (GCN), Swingman LLC (dba Zoned), and Code Red Esports Ltd., which collectively span across pivotal markets in the United Kingdom, the USA, and Spain. The company's operations generate most of their revenue within the USA and encompass diverse revenue streams from teams, agency services, and SaaS plus advertising.
In recent years, GameSquare has made significant strides in expanding its portfolio and optimizing its business model. Notable achievements include the acquisition of FaZe Clan, a trailblazer in the gaming and esports industry, and Engine Gaming, resulting in substantial revenue growth and brand synergy. Their association with high-profile brands like Porsche, McDonald's, and Nike, among others, has cemented their influence in the media and gaming domains.
GameSquare's mission is to bridge the gap between brands and the elusive Gen Z, Gen Alpha, and Millennial demographics. They endeavor to deliver award-winning marketing and creative services, utilizing their robust platform to enhance brand awareness and drive impactful outcomes for creators. With Dallas Cowboys owner Jerry Jones and the Goff family as their largest investors, GameSquare continues to revolutionize the landscape of digital media and immersive entertainment.
Among their recent successes, FaZe Clan's product line, including the best-selling FaZe Pop energy drink, has demonstrated significant market penetration and revenue generation, achieving over $75 million in co-branded product revenue. Partnerships with leading brands have further enhanced FaZe Clan's global reach and influence.
GameSquare's financial health reflects positive growth, with an 85% year-over-year revenue increase, driven by both organic growth and strategic acquisitions. The company remains focused on executing its growth strategy, optimizing operations, and enhancing shareholder value.
Stay updated with the latest news and developments by visiting GameSquare's website and following them on social media platforms.
GameSquare Holdings (NASDAQ:GAME) reported record Q3 2024 results with revenue of $26.4 million, up 10% YoY. The company showed significant improvement in adjusted EBITDA loss to $2.2 million, with gross margin expanding 500 basis points sequentially. GameSquare secured a new $10 million convertible note and maintains over $11 million in cash. The company expects 2024 annual proforma revenue between $105-$110 million. Management reports removing $17 million in annualized costs following the FaZe Clan acquisition and anticipates continued quarterly profitability improvements through sales growth, margin improvement, and cost-saving initiatives.
GameSquare Holdings (NASDAQ:GAME) has secured a $10 million convertible note from Gigamoon Media, , controlled by Matt Kalish. The note, due December 31, 2025, can be converted into either GameSquare common stock at $2.50 per share or 5.725 million shares of FaZe Media Series A-1 Preferred Stock. The proceeds will be used to repay GameSquare's existing equity line facility with Yorkville Advisors Global and for general corporate purposes. If converted to FaZe Media shares, it would value the entity at approximately $44 million, compared to GameSquare's current market cap of $32 million.
GameSquare Holdings (NASDAQ:GAME) has announced it will release its Q3 2024 financial results after market close on Thursday, November 14, 2024. The company will host an earnings conference call and webcast at 4:30 pm ET on the same day, led by CEO Justin Kenna and other management team members. Shareholders, investors, and media are invited to join the webcast presentation.
Stream Hatchet, a GameSquare Holdings subsidiary, released its Politics in Live Streaming Report revealing significant trends in political engagement through streaming platforms. The report shows a 513% growth in political streaming activity, with platforms like Twitch, YouTube, and Kick becoming important spaces for Gen Z political discourse. Key findings include a 9.5 million peak viewership during the Trump vs. Harris debate, and suspicious activity indicating potential view botting, with 35% of YouTube Live political viewership coming from flagged channels. The report also highlights top political creators, with HasanAbi leading at 30.9M views, and reveals platform engagement metrics showing 117 million hours of Harris-related streams versus 203 million hours for Trump-related content.
Stream Hatchet, a subsidiary of GameSquare Holdings (NASDAQ:GAME), has launched an AI-Powered Influencer Discovery Tool that revolutionizes brand-creator partnerships. The tool analyzes over 50 million creators using proprietary algorithms and the HATCHET Score system to evaluate both quantitative metrics and qualitative attributes.
The solution employs a three-step AI-driven approach to identify top influencers based on engagement, content style, and brand alignment. Scopely, publisher of Monopoly Go! and Stumble Guys, has already tested the system, validating its effectiveness in finding suitable content creators for their games.
GameSquare Holdings (NASDAQ:GAME) announced preliminary Q3 2024 results and increased its 2024 annual proforma revenue guidance. Key points include:
- Estimated Q3 revenue exceeding $26.5 million
- Expected adjusted EBITDA loss of approximately $2.4 million, a $3.0 million improvement from Q2 2024
- Increased 2024 annual proforma revenue guidance to $105-110 million
- Q3 gross margin estimated at 18%, up from 14.8% in Q2 2024
- Anticipates sequential quarterly improvements in profitability throughout 2024
The company reported strong performance in customer retention, contract value growth, and UEFN world building campaigns. GameSquare will release final Q3 2024 results on November 14, 2024.
FaZe Clan, a subsidiary of GameSquare Holdings, Inc. (NASDAQ:GAME), has reported exceptional engagement metrics following its September 2024 subathon. The event, which was FaZe Clan's first major streaming event since its April 2024 reboot, achieved 1.1+ billion impressions, 760+ million video views, and 2.2+ billion minutes watched. Key highlights include:
- 300K+ new Twitch subscribers and 710K+ follower growth
- Averaged 52.6K concurrent viewers, peaking at 132.2K
- 79% positive sentiment
- FaZe was the #1 brand by minutes watched on Twitch during September
- Accounted for 13% of Just Chatting hours watched and 2% of ALL hours watched on Twitch in September
Justin Kenna, CEO of GameSquare, described the event as groundbreaking and transformational, setting new standards in the streaming space and strengthening the brand's connection with its community.
Zoned, a GameSquare Holdings subsidiary (NASDAQ:GAME), has announced a six-figure retainer deal with Clout, an esports platform. This partnership aims to enhance user engagement and introduce new gamified experiences for the esports community. The announcement coincides with the launch of Clout's revitalized platform offerings and new features.
Clout provides a platform for esports fans to participate in free-to-play contests, earn XP, and receive exclusive rewards on its Marketplace. Users can predict outcomes, play pick'ems and minigames, track results in real-time, and redeem unique prizes. The collaboration between Zoned and Clout is expected to extend offerings, provide greater value to users, and reach new audiences.
The partnership aligns with Zoned's mission to help brands engage with hard-to-reach audiences in the gaming and esports space. Through Clout's platform, users can earn XP and badges redeemable for digital and physical prizes, with the partnership aiming to amplify these experiences and add new layers of interactivity.
Zoned, a subsidiary of GameSquare Holdings, Inc. (NASDAQ:GAME), has launched the Topgolf Universe on Fortnite's UEFN platform. This immersive experience allows players to interact with a virtual Topgolf facility, featuring minigames like Swing Showdown, Topgolf Speedway, and Topgolf World Tour. Professional Fortnite players Bugha and Clix will livestream the new map to their 13.3M+ Twitch subscribers.
The launch includes a promotion where players can use creator codes for discounts at U.S. Topgolf locations. The World Tour minigame competition winner can receive a Topgolf Black Card for free lifetime gameplay. This partnership is expected to generate over $3 million in projected revenue for GameSquare. The collaboration aims to merge traditional sports with the digital world, showcasing the potential of immersive branded content in gaming.
GameSquare Holdings (NASDAQ:GAME) announced record monthly contract wins of over $14 million in August 2024. These wins span across all operating segments, with a focus on higher-margin sales in Agency, IP, and Teams segments. The contracts, secured from both new and existing customers, are expected to contribute to revenue in 2024 and 2025.
Key highlights include:
- New brand partnerships with TopGolf and Dairy Max
- Agency partnership with 5-Hour ENERGY®
- FaZe Clan Esports' $2 million win at the Esports World Cup
- Multi-year expansion of FaZe Clan's sponsorship with Rollbit
- Multi-year sponsorship and licensing deal between FaZe Media and G FUEL
CEO Justin Kenna attributes this success to the company's next-generation media platform, strong execution, and increasing demand for their services. The focus on multi-year contracts aims to develop a more predictable revenue backlog.
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