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GameSquare Esports has reported its financial results for the fourth quarter and the thirteen-month period ended December 31, 2021. The company recorded revenue of $9.07 million in Q4 2021, a significant increase from $2.46 million in the previous quarter, and total revenue of $13.69 million for the full period. Despite these gains, it incurred a total loss of $26.56 million for the thirteen-month period. Notably, GameSquare has raised its 2022 revenue guidance to between $30 million and $32 million.
GameSquare Esports announces the signing of Javier "Chicharito" Hernández, LA Galaxy striker and Mexico’s leading goal scorer, to its Complexity Stars division. With over 14.3 million social media followers, Chicharito joins a roster of notable athletes aiming to enhance fan engagement in gaming.
This move aims to connect Complexity with its growing Spanish-speaking audience, which constitutes 30% of its fanbase. The collaboration includes future events and branded content across multiple platforms.
GameSquare Esports Inc. (CSE:GSQ)(OTCQB:GMSQF) has announced a conference call scheduled for April 29, 2022, at 8:00 am ET, to discuss its fourth-quarter 2021 financial results.
The management team, including CEO Justin Kenna and CFO Paul Bozoki, will provide updates on operational progress, acquisition optimization, and profitability initiatives. The company aims to enhance its position in the gaming and esports sector, leveraging its portfolio of businesses and recent commercial successes.
GameSquare Esports Inc. (OTCQB: GMSQF) announced a fully subscribed US$3.0 million non-brokered private placement to strengthen its balance sheet and attract long-term strategic investors, including Goff Capital and the Jones Family. Additionally, the company is entering a US$5 million credit facility. The funding aims to support growth and potential M&A transactions at higher valuations, positioning GameSquare favorably within the esports industry. Insider participation totaled US$2.0 million. The transaction is expected to close soon, enhancing liquidity for GameSquare's expansion goals.
GameSquare Esports Inc. (CSE:GSQ)(OTCQB:GMSQF) will participate in the B. Riley Securities Esports Investor Day on April 4, 2022, at 1pm ET. Key executives, including CEO Justin Kenna and President Kevin Wright, will engage in a fireside chat and offer 1x1 meetings with investors. GameSquare aims to enhance its shareholder base and has reported significant revenue growth, attracting brands like Lenovo and Miller Lite. The company continues to expand its portfolio in the gaming and esports sectors, highlighting its audience of over 220 million.
GameSquare Esports Inc. (CSE:GSQ, OTCQB:GMSQF) reports a remarkable growth in its social following, reaching 220 million users across its media network. This surge includes an increase from 25 million to over 105 million followers at Complexity since the acquisition on June 30, 2021. The company's expanding audience is expected to enhance its sales pipeline, attracting global brands seeking engagement with gamers. CEO Justin Kenna expresses optimism about the positive momentum and growing partnerships, underlining a significant evolution for GameSquare.
Complexity Gaming, a subsidiary of GameSquare Esports (OTCQB:GMSQF), has secured a multi-year sponsorship deal with Lenovo, enhancing its position in the esports arena. The partnership grants Lenovo exclusive rights as the desktop and laptop supplier for Complexity, marking a significant uplift in the branding of their headquarters at The Star in Frisco, Texas. Complexity aims to bolster its commercial activities in 2022, aiming to integrate additional sponsors. This collaboration reflects Lenovo's commitment to the esports sector, aiming to enhance competitive excellence for players and content creators.
Gamesquare Esports Inc. (OTCQB:GMSQF) announces that prominent Battle Royale content creator Dennis 'Cloakzy' Lepore has joined Complexity Gaming, enhancing their talent roster and expanding their audience. With over 7 million followers added, Complexity now boasts a combined reach of over 60 million across social channels. Cloakzy will engage audiences through events, branded content, and unique experiences. This partnership is set to enhance Complexity's influence in esports while leveraging GameSquare's global network.
Gamesquare Esports Inc. announced a letter of intent for a US$5 million credit facility from a lender established by Goff Capital and Blue & Silver Ventures. This funding will enhance the company's cash resources, bolstering its current $7.7 million in cash as of December 31, 2021. The credit facility aims to support Gamesquare's strategic goals in developing profitable digital agencies and a content creation organization. The company projects FY2022 revenues of $28 million.
GameSquare Esports Inc. announced a significant milestone as its subsidiary, Complexity Gaming, received a more than 40% increase in league fees year-over-year. This growth highlights the escalating interest in esports and gaming among audiences and brands seeking advertising opportunities. The management views this positive trend as indicative of broader industry dynamics and their effective business strategy. GameSquare reaches over 50 million social media followers and engages 115 million active users monthly, showcasing its potential for further growth and enhanced revenue streams.
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