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.

Tags: GameSquare Holdings

Share:

Sources:

Report mistake Submit news

Related news

View All

GameSquare Announces $20m Pre-Paid Advance Agreement

GameSquare Holdings has disclosed today that it entered into a $20m pre-paid advance agreement with an investment fund managed...

Investments

Jul 10, 2024

GameSquare Holdings Reveals New Head of Events

GameSquare appointed Paul Loakim as its new Head of Events. He previously worked as Director of Development at creative agency...

Business

Dec 04, 2023

LEGO PlayStation Set Leaked for December 2025: Classic Console, 1911 Pieces, $159.99 Price Tag

TL;DR * A reliable LEGO leaker has shared details of an upcoming official PlayStation console set, codenamed "LEGO Codename P...

Business

Mar 11, 2026

EA Lays Off Developers Across Battlefield Studios Including DICE, Criterion, Ripple Effect and Motive

TL;DR * Electronic Arts has confirmed layoffs across the Battlefield Studios group of teams, with developers at DICE, Criterion, Ripple...

Business

Mar 10, 2026

Steam Machine Still Targeting 2026 Release But Storage Shortages Create New Uncertainty

TL;DR * Valve has confirmed the Steam Machine is still planned for a 2026 release but acknowledged that memory and...

Business

Mar 09, 2026

GameSquare Holdings Reveals Financial Results

Business

17 November 2023 13:07

Tags: GameSquare Holdings

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.

Share:

Sources:

Report mistake Submit news