Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 80

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 80
---
 -  
     984,035 
  
    Yield 
     -  
     -  
     -  
     -  

    Total Gross profit 
    $65,708  
    $3,509,280  
    $640,396  
    $-  
    $4,215,384 

34

Key
Components and Comparison of Results of Operations

Nine
months ended September 30, 2025 and 2024

Revenue

Revenues
for the nine months ended September 30, 2025, were $26.5 million, in comparison to $19.9 million for the same period in 2024. The
increase was primarily related to increases in our SaaS and managed services segment for launch of management services offering and increase in agency
services primarily driven by new web3 deals, initiated as the result of the launch of our digital asset treasury, that closed in the third
quarter. Lastly, there was yield income from our DAT in the third quarter of 2025 that contributed to the increase.

Owned
and operated IP Revenue

Owned
and operated IP revenue for the nine months ended September 30, 2025, was $8.6 million, in comparison to $7.7 million for the same
period in 2024. The increase was primarily related to the acquisition of FaZe on March 7, 2024 and FaZe Esports not being a full
nine months in the prior year period.

Agency
Revenue

Agency
revenue for the nine months ended September 30, 2025, was $9.9 million, in comparison to $8.3 million for the same period in 2024. The increase was primarily due new web3 deals, initiated as the result of the launch of our digital asset treasury,
that closed in the third quarter of the current period combined with revenue from the acquisition of Click that contributed 19 days of
operating results post close in the current period.

SaaS
and managed services

SaaS
and management services revenue for the nine months ended September 30, 2025, was $7.5 million, in comparison to $3.9 million for the
same period in 2024. The increase was primarily due to launch of a management services offering within the SaaS segment.

Yield

DAT yield revenue for the nine months ended September 30, 2025, was $0.6 million