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 ...

GameSquare Holdings, Inc. (NASDAQ:GAME) Q2 2023 Results Conference Call August 14, 2023 5:00 PM ET Company Participants Justin Kenna - CEO Lou Schwartz - President Mike Munoz - CFO Conference Call Participants Jason Tilchen - Canaccord Genuity Sean McGowan - ROTH MKM Operator Good afternoon. And thank you for joining us for the GameSquare Holdings Second Quarter 2023 Results Conference Call. On the call today we have Justin Kenna, GameSquare's CEO; Lou Schwartz, President; and Mike Munoz, CFO of GameSquare ...

Exhibit 99.1 No securities regulatory authority in Canada or any other jurisdiction has expressed an opinion about, or passed upon the fairness or merits of, the transaction described in this document, the securities offered pursuant to such transaction or the adequacy of the information contained in this document and it is an offense to claim otherwise. ENGINE GAMING AND MEDIA, INC. NOTICE OF ANNUAL AND SPECIAL MEETING AND MANAGEMENT INFORMATION CIRCULAR with respect to a proposed ARRANGEMENT involving ENG ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-39389 Engine Gaming and Media, Inc. FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended August 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTIO ...

Engine Gaming and Media, Inc. (NASDAQ:GAME) Q4 2022 Earnings Conference Call November 30, 2022 4:30 PM ET Company Representatives Lou Schwartz - Chief Executive Officer Tom Rogers - Executive Chairman of Engine Gaming and Media Conference Call Participants Michael Kupinski - Noble Capital Markets Jason Tilchen - Canaccord Genuity Operator Greetings! And welcome to the Engine Gaming and Media, Fiscal Fourth Quarter and Full Year 2022 Conference Call. Please note that this conference call is being recorded. ...

Exhibit 99.1 Engine Gaming & Media, Inc. Reports Fiscal Fourth Quarter and Full Year 2022 Financial Results ~ FY 2022 record revenue of $41.9 million, up from $33.3 million YoY, an increase of 26% ~ ~ Fiscal fourth quarter revenues of $11.5 million, up 24% on a sequential basis compared to the fiscal third quarter of 2022 ~ ~ FY 2022 net loss improved $26.2 million to $14.5 million YoY, compared to a net loss of $40.7 million ~ NEW YORK, November 29, 2022 — Engine Gaming and Media, Inc. ("Engine" or the "Co ...

Engine Gaming and Media, Inc. (NASDAQ:GAME) Q3 2022 Results Conference Call July 14, 2022 4:30 PM ET CompanyParticipants Lou Schwartz - Chief Executive Officer Tom Rogers - Executive Chairman Conference CallParticipants Jason Tilchen - Canaccord Michael Kupinski - Noble Capital Markets Operator Greetings, and welcome to the Engine Gaming and Media Third Quarter Conference Call. Please note this conference is being recorded. Before we begin, I would like to caution listeners that comments made by management ...