Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 96

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 96
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 expenses used to promote the game from the sale proceeds of
the game.

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For the fiscal year ended
March 31, 2025, 2024 and 2023, revenue generated from games publishing was approximately $16.0 million, $3.4 million and $6.1 million,
representing approximately 11.3%, 3.5% and 7.9% of GCL Group’s total consolidated revenue, respectively. Black Myth: Wukong,
a new tame title initially published in 2024, generated approximately $11.2 million of the $16.0 million in game publishing revenue during
the fiscal year ended March 31, 2025.

Video Marketing Campaign and Social Media Advertising Services

TDM is a branding and digital
marketing agency managed by Tan Jian Hao, a top YouTuber creator and influencer in Singapore. TDM specializes in creating customized
and strategic marketing campaigns specific to a brand’s needs. It provides video marketing campaign services, which include video
production, content alteration based on the customer’s specifications, and video publishing on designated influencers’ social
media platforms, such as Tiktok and YouTube. It has more than 100 million monthly organic views, and its customers include small and
medium-sized enterprises (the “SMEs”) and government agencies.

TDM also generates advertising
revenue from participating in the social media advertising programs allowing YouTube to display advertisements on TDM’s video posting
and share a portion of the revenue generated from those advertisements with TDM. The profit-sharing arrangements with the social media
platform can be based on multiple factors over time, including viewer engagement, viewer location, the type of advertisement, the number
of advertisements placed.

With its in-house strategists,
producers, designers, video production and marketing team, TDM is a full-service agency that connects a brand with its target audience
to achieve campaign key performance indicators (“KPIs”) and marketing goals. It has a production studio, an
advertising agency, and a multi-channel network of talents. TDM is an 85%-owned subsidiary of GCL Group. For the fiscal year ended March
31, 2025, 2024 and 2023, revenue generated from media and content advertising services was approximately $2.2 million, $2.7 million and
$3.3 million respectively, representing approximately 1.6%, 2.8% and 4.2%