The following is a summary of the GameSquare Holdings, Inc. (GAME) Q4 2024 Earnings Call Transcript:

Financial Performance:

• GameSquare witnessed a substantial rise in its total revenue for 2023, registering an 85.2% increase to reach $52.0 million, driven largely by the acquisition of Engine Gaming.

• Gross margin for 2023 was $13.4 million or 25.9% of sales, a drop from 34.4% in 2022.

• The company reported an adjusted EBITDA loss of $15 million in 2023, a slight increase compared to the loss of $13.2 million in 2022.

• GameSquare predicts that it will surpass $100 million in annual revenue in 2024 with an annual gross margin range of 22.5% to 27.5%.

Business Progress:

• In 2023, GameSquare completed five acquisitions and divested two non-core assets, increasing its capability and scale.

• The company established partnerships with Mastercard, Samsung, Six Flags, and Coca-Cola, advancing its 'world-building capabilities.'

• GameSquare sold non-core businesses totaling approximately $13 million and raised about $13.8 million in non-dilutive capital while also collecting $10 million from shareholders.

• The company predicts a pro forma annual revenue of over $100 million for 2024, taking into account the full year's contribution from the recently acquired FaZe Clan.

More details: GameSquar IR

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