Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 118

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 118
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 ended December 31, 2023, includes revenue
of $10.7 million, cost of revenue of $7.4 million, and operating expenses of $8.7 million.

Complexity
had amortization and depreciation of $0.2 million and $1.4 million for the year ended December 31, 2024 and 2023, respectively. Complexity
did not have significant capital expenditures or significant noncash activity during the periods presented.

    F-44

20.
Revenue and Segmented Information

The
CODM uses gross profit, as reviewed at periodic business review meetings, as the key measure of the Company’s results as it reflects
the Company’s underlying performance for the period under evaluation to determine resource allocation. As of December 31, 2024,
the Company was organized into the three operating segments, which also represent its three reportable segments: Teams, Agency and Software-as-service
(SaaS) + Advertising.

Revenue,
cost of sales and gross profit for the Company’s operating and reportable segments, disaggregated into geographic locations, are
as follows:

 Schedule
of disaggregated into geographic regions

    Segment 
    United Kingdom  
    USA  
    Spain  
    Total 

    Year ended December 31, 2024 
  
    Segment 
    United Kingdom  
    USA  
    Spain  
    Total 
  
    Revenue 

    Teams 
    $-  
    $32,026,264  
    $-  
    $32,026,264 
  
    Agency 
     1,342,578  
     10,747,244  
     -  
     12,089,822 
  
    SaaS + Advertising 
     -  
     48,989,573  
     3,092,442  
     52,082,015 
  
    Total Revenue 
     1,342,578  
     91,763,081  
     3,092,442  
     96,198,101 
  
    Cost of sales 

    Teams 
     -  
     26,422,806  
     -  
     26,422,806 
  
    Agency 
     1,052,436  
     7,848,758  
     -  
     8,901,194 
  
    SaaS + Advertising