GameSquare Reports Preliminary Third Quarter 2024 Results

GameSquare Holdings, Inc. has announced its preliminary financial results for the third quarter of 2024, projecting revenue to exceed $26.5 million. This marks an improvement supported by enhanced customer retention and increased contract values. The company's adjusted EBITDA loss is expected to be around $2.4 million, representing a $3.0 million enhancement from Q2 2024.

Thanks to the strong performance so far in 2024, GameSquare has raised its annual proforma revenue guidance to between $105 million and $110 million. This is up from their previous estimate of $100 million. The improvement is attributed to organic sales growth, successful integration of acquisitions, and cost-cutting measures.

GameSquare plans to release its finalized third quarter results on November 14, 2024, along with a conference call to discuss its business outlook. These financial updates illustrate the company's positive trajectory as it approaches a breakeven point.