GameSquare FY23 EPS $(2.81) Vs $(3.26) YoY; Revenue $52M Vs $28.1M YoY
Portfolio Pulse from Benzinga Newsdesk
GameSquare reported its FY23 earnings with a narrower EPS loss of $(2.81) compared to $(3.26) YoY and a significant revenue increase to $52M from $28.1M YoY. Despite a higher net loss of $31.3M from $18.1M YoY, the adjusted EBITDA loss improved as a percentage of revenue. The company projects over $100M in revenue for 2024, factoring in contributions from its recent acquisition of FaZe Clan.
April 16, 2024 | 8:12 pm
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GameSquare's FY23 results show a significant revenue increase and a narrower EPS loss, with optimistic revenue projections for 2024 including FaZe Clan's contributions.
The improvement in EPS and revenue growth, along with optimistic projections for 2024, suggest a positive outlook for GameSquare. The acquisition of FaZe Clan is expected to contribute significantly to future revenues, indicating potential for stock appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100