- GameSquare Holdings (NASDAQ:GAME) reported a 2024 full-year revenue increase to $96.2 million from $41.3 million in the previous year.
- The company faced a net loss of $48.8 million, with an adjusted EBITDA loss of $16.0 million.
- For 2025, GameSquare anticipates revenue between $100-105 million, aiming for a positive EBITDA and cash flow in the second half of the year.
GameSquare Holdings, Inc. (NASDAQ:GAME) announced its financial results for the year ending December 31, 2024. The company achieved a significant revenue increase of $96.2 million, a substantial improvement from $41.3 million in 2023. However, the year concluded with a net loss of $48.8 million and an adjusted EBITDA loss of $16.0 million.
Key financial metrics for 2024 include gross profit rising to $15.3 million from $10.1 million, while operating expenses decreased to 38.6% of total revenue from the previous year's 63.4%. Despite increased losses, these metrics indicate progressive strides towards operational efficiency.
Looking forward to 2025, GameSquare has set its revenue guidance between $100 million and $105 million, not factoring in $27 million from the divested FaZe Media. The company forecasts an organic revenue growth of 20-25% and gross margin improvements to 20-25%. Additionally, management expects a $15 million reduction in operating expenses, resulting in positive EBITDA and cash flow in the latter half of the year.
CEO Justin Kenna highlighted the company's strategic achievements and future growth prospects, emphasizing the ongoing efforts to optimize the business model and improve profitability through asset divestiture and operational cost reductions. The 2025 outlook projects a promising year, supported by strong engagements with global gaming publishers and top-tier brands.
