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GameSquare (GAME) - 2024 Q1 - Earnings Call Transcript
GAMEGameSquare (GAME)2024-05-21 21:48

On a pro forma basis, we generated 23.5millioninrevenueinthefirstquarter,aslightdecreasefromproformarevenueforthesamequarteroflastyear.Moreimportantly,ImpleasedtoreportthatouradjustedEBITDAonaproformabasisimprovedby23.5 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 14.3millionfor2023firstquartertotallossof14.3 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 ...