Company: GAME
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023972
Chunk: 227

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 227
---
    SaaS + Advertising 
     -  
     12,469,920  
     800,938  
     13,270,858 
  
    Total Revenue 
     350,935  
     16,677,302  
     800,938  
     17,829,175 
  
    Cost of sales 

    Teams 
     -  
     1,906,062  
     -  
     1,906,062 
  
    Agency 
     283,466  
     1,538,081  
     -  
     1,821,547 
  
    SaaS + Advertising 
     -  
     11,492,930  
     87,342  
     11,580,272 
  
    Total Cost of sales 
     283,466  
     14,937,073  
     87,342  
     15,307,881 
  
    Gross profit 

    Teams 
     -  
     614,786  
     -  
     614,786 
  
    Agency 
     67,469  
     148,453  
     -  
     215,922 
  
    SaaS + Advertising 
     -  
     976,990  
     713,596  
     1,690,586 
  
    Total Gross profit 
    $67,469  
    $1,740,229  
    $713,596  
    $2,521,294 

31

Key
Components and Comparison of Results of Operations

Six
months ended June 30, 2025 and 2024

Revenue

Revenues for the six months ended June 30, 2025, were $30.6 million, in
comparison to $33.4 million for the same period in 2024. The decrease was primarily related to decrease in revenue at Frankly Media (SaaS
+ Advertising), primarily driven by decease in ad impressions as compared to prior year period. Further, Frankly Media sold its remaining
SaaS assets on May 31, 2024, contributing to the decline in revenue in the 2025 period.

Team
Revenue

Teams revenue for the six months ended June 30, 2025, was $4.9 million