VANCOUVER, BC, June 6, 2024 /PRNewswire/ -- GameOn (CSE: GET) (OTCQB: GMETF), a mobile-first, next-gen fantasy sports gaming company, is thrilled to announce the launch of GameOn Live Fantasy in time for the UEFA European Football Championship (Euro 2024) on June 14. This marks a significant milestone in bringing fans closer to their favorite athletes, teams, and leagues through immersive fantasy sports experiences. Powered by $GAME, GameOn is built on web3 in a context fans are familiar with, leveling up t ...

VANCOUVER, British Columbia, May 27, 2024 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. ("Victory Square") (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that gives investor access to a portfolio of 25+ innovative companies from around the world in a single stock, is pleased to share that its portfolio company - GameOn (CSE: GET) (OTCQB: GMETF), a mobile-first, next-gen fantasy sports gaming company, today announces that the $GAME token, the fantasy sports infrastructure designed and developed in collabo ...

To hear more, join GameOn CEO Matt Bailey for live commentary and Q&A on GameOn's shareholder Telegram channel today at 4:30 PM ET / 1:30 PM PT. VANCOUVER, BC, May 27, 2024 /PRNewswire/ -- GameOn (CSE: GET) (OTCQB: GMETF), a mobile- first, next-gen fantasy sports gaming company, today announces that the $GAME token, the fantasy sports infrastructure designed and developed in collaboration with Sportsology, is set to launch on major exchanges next Monday, June 3. GameOn recently announced that it received a ...

On a pro forma basis, we generated $23.5 million in revenue in the first quarter, a slight decrease from pro forma revenue for the same quarter of last year. More importantly, I'm pleased to report that our adjusted EBITDA on a pro forma basis improved by $6.4 million, a loss of $14.3 million for 2023 first quarter total loss of $7.9 million for 2024. This dramatic improvement in adjusted EBITDA during the first quarter reflects the efforts we have been pursuing to eliminate costs and drive profitability. A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to _______ Commission file number: 001-39389 GAMESQUARE HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 99-1946435 (State or other ...

Exhibit 99.1 GameSquare Holdings Reports 2023 Results Revenue increased 85% year-over-year to an annual record of $52 million, reflecting the contribution from the Engine Gaming acquisition, and organic growth April 16, 2024, FRISCO, TX – GameSquare Holdings, Inc. (NASDAQ: GAME), ("GameSquare", or the "Company"), today announced financial results for the twelve-months ended December 31, 2023. "2023 was a historic year for GameSquare as we executed against an M&A strategy focused on building a next-generatio ...

Financial Data and Key Metrics Changes - Total revenue for 2023 increased by 85.2% to $52 million from $28.1 million in 2022, primarily due to the Engine Gaming acquisition [29] - Gross margin for 2023 was $13.4 million or 25.9% of sales, down from $9.7 million or 34.4% in 2022, reflecting a less profitable sales mix [29] - Adjusted EBITDA losses for 2023 amounted to $15 million, compared to a loss of $13.2 million in the previous year, with adjusted EBITDA as a percentage of revenue improving from 47.2% to 28.8% [30] Business Line Data and Key Metrics Changes - The company completed five acquisitions and divested two non-core assets since August 2020, enhancing its growth strategy [3] - The Engine Gaming acquisition significantly enhanced the company's scale and technology capabilities, contributing to revenue growth [20] - The company identified over $18 million in future run rate cost savings from the FaZe Clan acquisition, focusing on driving efficiencies [14] Market Data and Key Metrics Changes - The company observed a normalization in advertising spend and a strong sales pipeline, with expectations for conversion into sales in 2024 [4] - The fourth quarter of 2023 saw a temporary impact on sales due to budget cuts from brand partners, which affected profitability [7][19] - The company is optimistic about the market environment in 2024, expecting a shift in trends and increased brand interest following the FaZe acquisition [55] Company Strategy and Development Direction - The company aims to build a next-generation media business through strategic acquisitions and organic growth initiatives [6][12] - The acquisition of FaZe Clan is seen as a significant milestone to enhance capabilities and connect brands with youth audiences [12][25] - The company is focused on reducing SG&A expenses and driving profitability while pursuing innovative technologies and services [34] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2023 due to cautious spending patterns but expressed confidence in the pipeline for 2024 [7][55] - The company expects to achieve over $100 million in annual revenue in 2024, with a gross margin range of 22.5% to 27.5% [34] - Management is committed to executing strategies that will lead to profitability and further growth [34] Other Important Information - The company completed the sale of Complexity Gaming for $10.4 million, which followed a successful growth strategy [15] - The company raised $10 million from existing and new shareholders to strengthen its balance sheet [26] - The company has made significant investments in creative-driven marketing initiatives, including world-building capabilities [21] Q&A Session Summary Question: Concerns about gross margin in Q4 - Management noted that budget pullbacks from clients affected higher-margin projects, leading to a skewed revenue mix towards lower-margin programmatic sales [36][47] Question: Confidence in market recovery for 2024 - Management indicated a strong pipeline and increased brand interest post-FaZe acquisition, expecting to convert these into long-term relationships and recurring revenue [55] Question: Clarification on cost reductions - Management clarified that the $7 million in cost reductions were related to the Engine Gaming transaction, while an additional $15 million in savings is expected from the FaZe acquisition [56]

The Company assesses its revenue arrangements against specific criteria in order to determine if it is acting as principal or agent. When the Company acts in the capacity of an agent rather than as the principal in a transaction, the revenue recognized is the net amount of commission made by the Company. Deferred revenue consists of customer advances for Company services to be rendered that will be recognized as income in future periods. Income taxes Income tax on the profit or loss for the periods presente ...

A downtrend has been apparent in GameSquare Holdings, Inc. (GAME) lately. While the stock has lost 6.2% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the f ...

Tyler Blevins - Chief Innovation Officer Hey, everyone. As I mentioned earlier, I'm doing something different on my live stream today. As you may know, I'm the Chief Innovation Officer of GameSquare, a NASDAQ listed company that trades under the ticker GAME. Every quarter, our company hosts a conference call, which we thought would be a great opportunity to feature on my live stream, so you will see more of what I do at GameSquare. We also thought it would be a great opportunity to host investors on my Twit ...