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's subsidiary, Stream Hatchet, has published the Brands in Gaming and Esports Report, analyzing nearly 2,000 brands across 500 top Twitch channels. This report highlights opportunities for brand marketers in esports and gaming, showing a surge in sponsored content, with 153M hours watched in Q1 2022. Key findings include that electronic hardware brands dominate presence and mentions on Twitch, while Doritos leads in snack brand mentions. The report serves as a guide for marketers aiming to maximize ROI through effective strategies in gaming platforms.
Engine Gaming and Media (NASDAQ:GAME) will release its fiscal third quarter 2022 financial results on July 14, 2022, after market close. A conference call will follow at 4:30 p.m. Eastern Time, allowing participants to discuss the results and ask questions. The company, which focuses on gaming and social influencer marketing, operates subsidiaries like Stream Hatchet and WinView Games. They generate revenue through direct-to-consumer fees, SaaS offerings, and programmatic advertising. For more details, visit their website.
Engine Gaming and Media (NASDAQ:GAME) received a notice from Nasdaq on June 23, 2022, indicating non-compliance with the minimum bid price requirement of $1.00 per share. The closing bid price fell below this threshold for 30 consecutive business days. The company has until December 20, 2022, to regain compliance, with potential for an extension if criteria are met. A reverse stock split could also be a viable option to meet the requirement. This notice does not affect Engine's listing on the TSXV Exchange.
Engine Gaming and Media has agreed to sell assets from its subsidiary, UMG Events, to Harena Data. This transaction is part of a broader strategy to reduce annual cash operating expenses by approximately $16M and focus on high-growth B2B segments in analytics, marketing, advertising, and gaming. The deal is expected to close in the Company's fiscal fourth quarter, and will help Engine move towards its goal of run rate breakeven by 2023. CEO Lou Schwartz emphasized the importance of this transition for financial efficiency in challenging macroeconomic conditions.
Osprey Funds, in collaboration with WallStreetBets founder Jaime Rogozinski, is hosting a unique event in Austin, Texas, during Coindesk’s Consensus 22 festival. The gathering, expected to attract over 15,000 attendees, will feature gambling games like Blackjack and Poker, alongside a DJ and free tacos. A prediction contest using Engine Gaming’s WinView Games app offers high-tech prizes. Osprey has also launched the Osprey Polkadot Trust, allowing retail investors to access $DOT with no fees until January 1, 2023.
Engine Gaming and Media (NASDAQ:GAME) has engaged MZ Group to enhance its investor relations and financial communications strategy from April 12, 2022, to April 11, 2023, for $14,000 per month. MZ will help increase Engine's visibility in the investment community, with an emphasis on their growing multi-platform ecosystem. The company reported a 20% increase in revenues year-over-year, reaching $9.3 million in Q2 2022, driven by strong momentum and key partnerships. Engine focuses on tapping growth trends in gaming and media to deliver substantial value to shareholders.
Engine Gaming and Media has announced the resignation of Hank Ratner from its Board of Directors, effective immediately. Ratner, a board member since July 2020, is stepping down to pursue other interests, citing the recent cash infusion from an asset sale as a favorable time for his departure. Executive Chairman Tom Rogers expressed appreciation for Ratner's contributions during his tenure. Engine continues to operate under the ticker symbol GAME, with a diverse portfolio of subsidiaries focused on gaming, analytics, and media solutions.
Engine Gaming and Media, Inc. (NASDAQ: GAME) reported a 20% revenue increase to $9.3 million for fiscal Q2 2022, up from $7.7 million in the previous year. Operating expenses decreased by 39.3% to $16.9 million, resulting in a net loss improvement to $6.7 million from $21.3 million a year earlier. The company fortified its balance sheet through the $15.3 million sale of Eden Games. Management aims to reach cash flow breakeven by fiscal 2023, leveraging growth in advertising and SaaS revenue, which contributed to a promising 47% revenue increase in the first half of fiscal 2022.
Engine Gaming and Media, Inc. (NASDAQ:GAME) announced that it will release its Q2 2022 financial results on April 14, 2022, after market close. The conference call is scheduled for 4:15 p.m. Eastern Time that same day, where the company will discuss the results in detail. Participants can join the call using the provided dial-in information. The company, which specializes in data-driven gaming, media, and influencer marketing, aims to provide an informative overview for investors and stakeholders.
Engine Gaming and Media (NASDAQ:GAME) has finalized the sale of its Eden Games subsidiary to Animoca Brands for USD $16 million (CAD $20 million). This transaction involves a cash consideration of approximately USD $15.3 million (CAD $19.2 million) for its 96% stake in Eden Games. The sale aims to strengthen Engine's balance sheet and reduce future cash burn by implementing cost-cutting measures, particularly in its B2C gaming segment. The company anticipates improved growth opportunities while avoiding shareholder dilution through this non-dilutive capital raise.
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