Company: GAME
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023972
Chunk: 20

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 20
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10) thousand, in comparison to $0.1 million for the same period in 2024. The variance between the periods was not
significant.

Other
income (expense), net

Other income (expense) for the six months ended June 30, 2025, was $(1.3)
million, in comparison to $(4.0) million for the same period in 2024. The decrease is primarily due to loss on disposal of Franky Media
assets in the 2025 period of $1.5 million, in comparison to $3.8 million in the prior year period.

Net
income (loss) from discontinued operations

Net income (loss) from discontinued operations for the six months June
30, 2025, was $0.1 million, in comparison to $(0.5) million for the same period in 2024. The increase in income was primarily related
a larger loss from discontinued operations in the 2024 period as compared to the 2025 period. Both periods included a large gain on disposal
of subsidiary of approximately $3 million (Complexity disposal in 2024 and FaZe Media disposal in 2025).

Three
months ended June 30, 2025 and 2024

Revenue

Revenues
for the three months ended June 30, 2025, were $15.9 million, in comparison to $17.9 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 three months ended June 30, 2025, was $1.8 million, in comparison to $2.5 million for the same period in 2024. The decrease
was due to no specific tournament prizes in the 2025 period as compared to the 2024 period.

Agency
Revenue

Agency
revenue for the three months ended June 30, 2025, was $2.2 million, in comparison to $2.0 million for the same period in 2024. The variance
between the periods was not significant.

Software-as-a-service
(“SaaS”) + Advertising revenue