Welcome to our dedicated page for GameSquare Holdings news (Ticker: GAME), a resource for investors and traders seeking the latest updates and insights on GameSquare Holdings stock.
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.
Engine Gaming and Media (NASDAQ:GAME) announced that it will release its fiscal first-quarter 2023 earnings on January 17, 2023, before the market opens, followed by a conference call at 8:45 a.m. ET. Interested participants can dial in at 1-877-407-0784 in the U.S. or 1-201-689-8560 for international calls. The call will also be available via webcast. A playback option will be accessible through January 24, 2023. Engine offers software and services for gaming, media, and influencer marketing, generating revenue from subscriptions, managed services, and advertising.
Engine Gaming and Media, Inc. (NASDAQ:GAME) will announce its fiscal first quarter 2023 financial results on January 17, 2023, after market close. The announcement will be followed by a conference call at 4:30 p.m. ET, allowing investors to discuss the results. The conference call will be accessible through dial-in numbers and a webcast. The company is focused on providing comprehensive analytics and advertisement solutions for the gaming industry, generating revenue through various sources, including subscription fees and programmatic advertising.
GameSquare Esports and Engine Gaming have announced a definitive arrangement agreement to merge, with GameSquare shareholders owning approximately 60% and Engine Gaming shareholders owning 40% of the combined entity, which will trade under the ticker GAME. The merger aims to create a leading digital media and technology platform tailored for gaming and youth culture audiences. Expected to close in Q1 2023, the combined company's projected revenue exceeds $70 million with enhanced access to U.S. investors and an accelerated path to profitability.
Engine Gaming and Media reported a record FY 2022 revenue of $41.9 million, marking a 26% increase from $33.3 million in FY 2021. The fiscal fourth quarter revenues reached $11.5 million, up 24% sequentially. Notably, the net loss improved to $14.5 million, a reduction of $26.2 million year-over-year. The Advertising business grew by 28.6%, contributing $32.7 million to total revenue. Adjusted EBITDA showed a 23.3% sequential improvement.
Stream Hatchet, a subsidiary of Engine Gaming and Media (NASDAQ:GAME), published its Video Game Streaming Trends Q3 2022 Report. The report reveals that gaming and esports viewership has nearly doubled since pre-pandemic levels, with a 40% year-over-year increase in esports viewership. Twitch dominates the market with 72% share, while Facebook Gaming fell to 5%. VTubers now make up 50% of top female creators, showing significant growth. The report serves as a valuable resource for brands aiming to engage the challenging 18-35 demographic.
Engine Gaming and Media (NASDAQ:GAME) has announced the timing for its fiscal Q4 2022 earnings release, which will take place on November 29, 2022, after market close. The Company will host a conference call at 4:30 p.m. ET the same day to discuss financial results and conduct a Q&A session. Engine provides analytics and influencer marketing solutions to the gaming industry, generating revenue through subscriptions and programmatic advertising. The call will be accessible via dial-in and webcast with playback available until December 6, 2022.
Sideqik, a subsidiary of Engine Gaming and Media (NASDAQ:GAME), has partnered with Awin and ShareASale, enhancing its influencer marketing capabilities for 21,000 retailers. This collaboration allows retailers to leverage Sideqik's extensive database of over 60 million influencers, offering AI-driven insights and real-time reporting. The partnership aims to streamline influencer relationship management, enabling brands to execute profitable and measurable marketing campaigns. Awin's integration with Sideqik is expected to boost retailer sales and expand customer reach.
Frankly Media has partnered with Filmfeed, Inc. to monetize its Stash TV digital channel using advanced AI technology and performance tracking tools. This collaboration aims to enhance revenue through programmatic advertising solutions. Stash TV plans to scale its library to over 10,000 titles within the year, leveraging Filmhub's film distribution expertise. Frankly Media's integrated suite offers publishers a means to maximize audience engagement and revenue across various platforms. This partnership is expected to significantly boost Engine Gaming and Media's media portfolio.
Engine Gaming and Media (NASDAQ:GAME) announced plans to explore strategic options aimed at enhancing shareholder value. CEO Lou Schwartz emphasized the company's ongoing cost-cutting measures and focus on profitability. The company is considering various avenues, including mergers, acquisitions, and partnerships, to leverage opportunities amid the current market environment. Engine has enlisted KPMG Corporate Finance and Haywood Securities as financial advisors for this process. No specific timeline for completion has been set, and further updates will be provided as necessary.
Frankly Media, a digital publishing platform and subsidiary of Engine Gaming and Media (NASDAQ:GAME), has partnered with Aggregated Media (A8) to monetize esports content. This collaboration aims to enhance audience reach via Frankly's advertising services and multimedia platforms. Erik Reynolds, President of A8, praised Frankly's advertising capabilities and support. The partnership emphasizes maximizing audience engagement through integrated solutions, including video streaming and mobile apps. Engine Gaming's offerings include data analytics and programmatic advertising for the gaming sector.
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