Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 57

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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.5 million and $6.2 million for the nine months ended September 30, 2025 and 2024, in net income
(loss) from discontinued operations in the consolidated statements of operations and comprehensive loss in relation to Frankly. The pretax
net loss of $9.5 million during the nine months ended September 30, 2025, includes revenue of $15.4 million, cost of revenue of $15.1
million, and operating expenses of $9.7 million. The pretax net loss of $6.2 million during the nine months ended September 30, 2024,
includes revenue of $35.2 million, cost of revenue of $33.5 million, and operating expenses of $8.0 million.

The
Company recognized a pretax net loss of $7.0 million and $0.8 million for the three months ended September 30, 2025 and 2024, in net
income (loss) from discontinued operations in the consolidated statements of operations and comprehensive loss in relation to Frankly.
The pretax net loss of $7.0 million during the three months ended September 30, 2025, includes revenue of $14 thousand, cost of revenue
of $84 thousand, and operating expenses of $6.9 million. The pretax net loss of $0.8 million during the three months ended September
30, 2024, includes revenue of $12.5 million, cost of revenue of $12.0 million, and operating expenses of $1.3 million.

Frankly
had amortization and depreciation of $0.1 million and $0.6 million for the nine months ended September 30, 2025 and 2024. Frankly did
not have significant capital expenditures or significant noncash activity during the periods presented outside of the following: In connection
with the discontinued operations of Frankly, the Company recorded a non-cash impairment charge to goodwill and intangible assets of $8.6
million during the three and nine months ended September 30, 2025 (Note 7).

20.
Subsequent events

Share Buyback

On October 1 and 2, 2025, GameSquare repurchased 833,124 shares of its
common stock for $599,148, representing an average price of approximately $0.7192. Following this transaction, the Company has $4.4 million
remaining under its current authorization. Consistent with