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 a multi-year extension with HyperX for influencer marketing and social commerce services through its subsidiary, Sideqik. This partnership will enhance HyperX's marketing strategies by leveraging Sideqik's technology for influencer discovery and sales tracking across social platforms. HyperX has praised Sideqik for its custom solutions and effective influencer analysis, indicating the strong impact of this relationship on their brand growth.
Engine Gaming and Media (NASDAQ: GAME) reported a 92% year-over-year revenue increase in FY Q1’2022, reaching
Engine Gaming and Media has appointed Stuart 'Stu' Porter to its Board of Directors, effective January 17. Porter, a significant investor and experienced private equity manager, is expected to contribute valuable insights for the company. He has over 30 years of experience in investment and management across multiple global markets. This change follows the resignation of director Lori Conkling, who left due to responsibilities at YouTube. Engine Gaming operates in the esports and social gaming sectors, with a diverse portfolio, and aims to enhance its strategic direction with this new appointment.
Engine Gaming and Media (NASDAQ:GAME) announced it will release its Q1 2022 financial results on January 13, 2022, after market close. The report will cover results for the period ending November 30, 2021. Following the release, a conference call is scheduled for 4:30 PM ET to discuss details. Engine Gaming operates in esports and social gaming, generating revenue through various channels including subscriptions and advertising. The company emphasizes the importance of understanding potential risks and uncertainties related to future performance.
Engine Gaming and Media (NASDAQ: GAME; TSX-V: GAME) announced its participation in the 24th Annual Needham Virtual Growth Conference from January 10-14, 2022. Management will hold one-on-one meetings with attendees. Engine specializes in esports and sports social gaming, providing analytics and marketing solutions tailored for clients. The company operates several subsidiaries including Stream Hatchet and WinView Games, focusing on gaming experiences and data services. Forward-looking statements included in the release highlight potential risks and uncertainties.
Engine Gaming and Media (NASDAQ: GAME), a leader in esports and social gaming, announced that Tom Rogers, Executive Chairman, will join a fireside chat at the ICR Virtual Conference 2022 on January 11, 2022, at 3:00 PM ET. The discussion will be hosted by Franco Granda, Research Analyst at D.A. Davidson. Participants can access the live webcast through the Investor Relations website. Engine Gaming provides comprehensive media solutions and analytics across various platforms, generating revenue through subscriptions and advertising.
Engine Gaming and Media reported FY 2021 revenue of $37.2 million, a 253% increase from $10.5 million in FY 2020. Q4 2021 revenue reached $11.8 million, up 67% year-over-year. However, net loss grew to $40.7 million, up from $32.3 million in FY 2020. The company had a cash position of $15.3 million and $8.6 million in receivables as of August 31, 2021. Key revenue segments included SaaS at $6.4 million and Advertising at $26.7 million.
Engine Gaming and Media (NASDAQ: GAME) will release its fiscal year financial results for the year ending August 31, 2021, on November 23, 2021. A conference call will follow at 4:30 p.m. ET to discuss the results in detail. Financial statements will be made available on November 26, 2021. Engine Gaming is focused on providing esports and sports gaming solutions, generating revenue through various channels including direct-to-consumer and subscription fees.
Engine Gaming and Media (NASDAQ: GAME, TSX-V: GAME) announced the acceptance of its Notice of Intention to implement a normal course issuer bid (NCIB) by the TSX Venture Exchange. The Company plans to buy back up to 777,165 common shares (approximately 5% of its outstanding shares) over the next 12 months, from November 1, 2021, to October 31, 2022. This initiative aims to enhance shareholder value as the Company believes its market price may not reflect its underlying business value. All shares purchased will be cancelled.
Engine Media Holdings has renewed its brand partnership with Gears Esports, led by its subsidiary UMG Gaming. This collaboration will involve Logitech's ASTRO Gaming, Logitech Esports Services, and Blue Microphones for the 2021-2022 season, starting in October 2021. UMG will manage all league operations and production, building on its success from the 2020-2021 season, which saw record viewership. The partnership aims to enhance event production and social media engagement within the Gears community.
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