GameSquare Announces Preliminary Q3 2024 Revenue Of $26.5M; Increases 2024 Annual Proforma Revenue Guidance To $105M-$110M; Provides Business Update
Portfolio Pulse from Benzinga Newsdesk
GameSquare Holdings, Inc. (NASDAQ:GAME) announced preliminary Q3 2024 revenue of $26.5M and increased its 2024 annual proforma revenue guidance to $105M-$110M. The company reported a significant improvement in adjusted EBITDA loss and expects further profitability improvements due to strategic initiatives and cost savings from the FaZe Clan acquisition.
October 17, 2024 | 12:06 pm
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GameSquare Holdings reported preliminary Q3 2024 revenue of $26.5M, exceeding expectations, and improved its adjusted EBITDA loss. The company raised its 2024 revenue guidance to $105M-$110M, driven by strategic growth and cost savings from the FaZe Clan acquisition.
GameSquare's preliminary Q3 revenue exceeded expectations, and the company improved its adjusted EBITDA loss significantly. The increase in annual revenue guidance indicates strong performance and positive momentum. The strategic initiatives and cost savings from the FaZe Clan acquisition are expected to further enhance profitability, making the short-term outlook positive for GameSquare's stock.
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