GameSquare Holdings Reveals Financial Results
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News/GameSquare Holdings Reveals Financial Results
Business
17 November 2023 13:07
GameSquare Holdings revealed its Q3 2023 financial results. During the specified period, the company reported a notable increase in revenue, reaching $16.0 million as compared to $10.1 million in the previous period. The gross margin, representing the difference between revenue and the cost of goods sold, also demonstrated growth, rising to $4.4 million from $3.6 million. However, despite these positive trends, the company experienced a higher net loss of $5.1 million, compared to the net loss of $4.2 million in the preceding period. Additionally, the adjusted EBITDA loss, a measure of operating performance excluding certain non-operating expenses, widened to $3.6 million, reflecting an increase from the $3.2 million loss reported in the prior period. These financial metrics collectively indicate both positive revenue and margin growth but also highlight increased losses during the evaluated periods.
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Business
17 November 2023 13:07
GameSquare Holdings revealed its Q3 2023 financial results. During the specified period, the company reported a notable increase in revenue, reaching $16.0 million as compared to $10.1 million in the previous period. The gross margin, representing the difference between revenue and the cost of goods sold, also demonstrated growth, rising to $4.4 million from $3.6 million. However, despite these positive trends, the company experienced a higher net loss of $5.1 million, compared to the net loss of $4.2 million in the preceding period. Additionally, the adjusted EBITDA loss, a measure of operating performance excluding certain non-operating expenses, widened to $3.6 million, reflecting an increase from the $3.2 million loss reported in the prior period. These financial metrics collectively indicate both positive revenue and margin growth but also highlight increased losses during the evaluated periods.
GameSquare Holdings has disclosed today that it entered into a $20m pre-paid advance agreement with an investment fund...
Investments
Jul 10, 2024
GameSquare appointed Paul Loakim as its new Head of Events. He previously worked as Director of Development at creative agency Redrock...
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Dec 04, 2023
Polygon, one of the most prominent video game and pop culture websites of the last decade, has been acquired by...
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