Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 178

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 178
---
335,622 
  
    Agency 
     332,445  
     1,176,887  
     -  
     -  
     1,509,332 
  
    SaaS and managed services 
     -  
     147,069  
     99,370  
     -  
     246,439 
  
    Yield 
     -  
     -  
     -  
     -  

    Total Cost of sales 
     332,445  
     4,659,578  
     99,370  
     -  
     5,091,393 
  
    Gross profit 

    Owned and Operated IP 
     -  
     1,430,218  
     -  
     -  
     1,430,218 
  
    Agency 
     65,708  
     1,735,423  
     -  
     -  
     1,801,131 
  
    SaaS and managed services 
     -  
     343,639  
     640,396  
     -  
     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