Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 154

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 154
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 operations

(a)
Complexity

As
discussed in Note 4, on March 1, 2024, the Company sold Complexity and recognized a gain on disposition of $3.0 million, resulting in
Complexity meeting the requirements for presentation as discontinued operations.

The
Company recognized a pretax net loss of $1.4 million for the nine months ended September 30, 2024, in net income (loss) from discontinued
operations in the consolidated statements of operations and comprehensive loss in relation to Complexity. The pretax net loss of $1.4
million during the nine months ended September 30, 2024, includes revenue of $1.0 million, cost of revenue of $0.9 million, and operating
expenses of $1.5 million.

Complexity
had amortization and depreciation of $0.2 million for the nine months ended September 30, 2024. Complexity did not have significant capital
expenditures or significant noncash activity during the periods presented.

    26

(b)
FaZe Media

As
discussed in Note 4, on April 1, 2025, the Company sold FaZe Media and recognized a gain on disposition of $3.0 million, resulting in
FaZe Media meeting the requirements for presentation as discontinued operations.

The
Company recognized a pretax net loss of $2.6 million and $4.6 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 FaZe Media. The
pretax net loss of $2.6 million during the nine months ended September 30, 2025, includes revenue of $6.4 million, cost of revenue of
$6.4 million, and operating expenses of $2.6 million. The pretax net loss of $4.6 million during the nine months ended September 30,
2024, includes revenue of $17.6 million, cost of revenue of $14.0 million, and operating expenses of $8.2 million.

The
Company recognized a pretax net loss of $0 and $2.7 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 FaZe Media. The pretax
net loss of $2.