Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 170

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 170
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 present as a unified offering to the market.

The
following is a summary of the Company’s financial performance highlights for the three and nine months ended September 30,
2025 and 2024. This summary should be considered in the context of the additional disclosures in this MD&A which further
highlight Company results by segment.

Results
of Operations

The
following table summarizes our results of operations for the three and nine months ended September 30, 2025 compared to the three
and nine months ended September 30, 2024. FaZe Media and Frankly are now reported in discontinued operations. Historical results of
operations of FaZe Media and Frankly are netted in discontinued operations within the below figures.

    Nine months ended September 30,  

    2025  
    2024  
    Variance 
  
    Revenue 
    $26,542,646  
    $19,930,359  
    $6,612,287 
  
    Cost of revenue 
     15,500,495  
     12,439,479  
     3,061,016 
  
    Gross profit 
     11,042,151  
     7,490,880  
     3,551,271 
  
    Operating expenses: 

    General and administrative 
     13,766,667  
     11,806,277  
     1,960,390 
  
    Selling and marketing 
     4,188,399  
     4,116,694  
     71,705 
  
    Research and development 
     1,550,378  
     1,447,954  
     102,424 
  
    Depreciation and amortization 
     727,789  
     1,025,004  
     (297,215)
  
    Restructuring charges 
     (814,377) 
     330,167  
     (1,144,544)
  
    Other operating expenses 
     2,387,823  
     3,417,687  
     (1,029,864)
  
    Total operating expenses 
     21,806,679  
     22,143,783  
     (337,104)
  
    Loss from continuing operations 
     (10,764,528) 
     (14,