GameSquare Holdings Inc (FRA:MJ0)

Q3 2025 GameSquare Holdings Inc Earnings Call Transcript

Nov 13, 2025 / 10:00 PM GMT

Release Date Price: €1.32

Transcript 10-Q8-K

Key Points

Positve

GameSquare Holdings Inc (GAME) reported a significant improvement in gross margin, expanding by 20 percentage points to 49.4% in the third quarter.
The company successfully raised approximately $80 million through its digital asset treasury strategy, enhancing its balance sheet and accelerating web 3 market growth.
GameSquare Holdings Inc (GAME) reported a net income of $5.9 million from continuing operations in the third quarter, a significant turnaround from previous losses.
The acquisition of Click Management is expected to contribute $14.5 million of annualized pro forma revenue and approximately $1.2 million of annualized pro forma EBITDA.
The company has no outstanding debt and holds approximately $82 million in cash and digital assets, reflecting a strong financial position.

Negative

Despite improvements, GameSquare Holdings Inc (GAME) still reported a pro forma EBITDA loss of approximately $200,000 in the third quarter.
The company faces challenges in getting shareholders to vote, which is necessary to reach a quorum for decision-making.
There are ongoing uncertainties related to tariffs and macroeconomic pressures, particularly affecting deals with companies headquartered in China.
The digital asset treasury strategy, while innovative, involves risks due to the volatility of crypto assets.
The company's share price remains undervalued, causing frustration among shareholders despite financial improvements.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GAME.OQ - GameSquare Holdings Inc
Q3 2025 GameSquare Holdings Inc Earnings Call
Nov 13, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and thank you for joining us for the Game Square Holdings 2025 3rd quarter conference call. On the call today, we have Justin Kenna, Game Square CEO, Lou Schwartz, President, and Mike Munoz, CFO. During the call, all participants are in listen-only mode. Following the presentation, we will conduct a question-and-answer session.

Before management discusses the results, I would like to remind everyone that certain statements in this call may be forward-looking in nature. These include statements involving known and unknown risks, uncertainty.

Uncertainties and other factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements. For

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