Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 106

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 106
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     |  93.3 | % |     | $      | 32,244,739 |   |     |        |  35.4 | %  |
| Game publishing            |     |                               |  16,029,523 |     |     |  11.2 | % |     |   |  3,431,680 |     |     |   3.5 | % |     |        | 12,597,843 |   |     |        | 367.1 | %  |
| Media advertising services |     |                               |   2,238,364 |     |     |   1.6 | % |     |   |  2,716,089 |     |     |   2.8 | % |     |        |   (477,725 | ) |     |        | (17.6 | )% |
| Others                     |     |                               |     541,156 |     |     |   0.4 | % |     |   |    368,128 |     |     |   0.4 | % |     |        |    173,028 |   |     |        |  47.0 | %  |
| Total revenues             |     | $                             | 142,072,586 |     |     | 100.0 | % |     | $ | 97,534,701 |     |     | 100.0 | % |     | $      | 44,537,885 |   |     |        |  45.7 | %  |

Our revenues are mainly derived
from sale of console games, game publishing, and media advertising service. The total revenue increased by approximately $44.5 million,
or 45.7%, to approximately $142.1 million for the year ended March 31, 2025 from approximately $97.5 million for the same period in 2024.
The increase was mainly attributed to the following:

Sale of Console Game

Our revenue from sale of
console games increased by approximately $32.2 million, or 35.4%, to approximately $123.3 million for the year ended March 31, 2025 from
approximately $91.0 million for the year ended March 31, 2024. The increase was primarily attributable to increase in revenue from sales
of console game codes of approximately $34.6 million