on GameSquare Holdings, Inc. (NASDAQ:GAME)
GameSquare Holdings Announces 2024 Financial Results
GameSquare Holdings, Inc. reported its 2024 financial results, showing proforma revenue hitting $102 million, marking a significant increase from its start in 2020. However, the company faced a fourth-quarter adjusted EBITDA loss of $4.3 million, partly due to the impact from FaZe Media. Despite this, GameSquare anticipates reaching over $100 million in revenue in 2025, with positive cash flow and adjusted EBITDA driven by improved gross margins and reduced operating expenses.
CEO Justin Kenna highlighted the company's strategic efforts in diversifying media, agency, technology, and esports assets, which contributed to the substantial growth. The successful integration of FaZe Clan and the focus on optimizing their business model were seen as key factors.
In 2025, GameSquare aims to achieve organic revenue growth between 20% to 25% and projects improvements in cash flow and EBITDA in the year's latter half. The company's strategic direction seems set to further solidify its position in global gaming and esports markets.
R. E.
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