Significant Improvement in Gross Margin
Gross margin for the third quarter expanded sequentially by 20 percentage points to 49.4%, up from 15.3% in the second quarter, reflecting enhanced profitability.
Positive Net Income from Continuing Operations
GameSquare reported $5.9 million in net income from continuing operations in Q3 2025, compared to a net loss of $3.9 million in the same period a year ago.
Strong Revenue Growth
Revenue increased by 22% year-over-year to $11.3 million, driven by growth across technology, agency, and owned and operated IP segments.
Successful Digital Asset Treasury Strategy
The digital asset treasury strategy generated $600,000 of yield in the last 2 months of the quarter, with an unrealized gain of $9.3 million.
Acquisition of Click Management
GameSquare acquired Click Management, expecting it to contribute $14.5 million in annualized pro forma revenue and approximately $1.2 million in annualized pro forma EBITDA.
Robust Balance Sheet
As of September 30, 2025, GameSquare had approximately $82 million in cash and digital assets, no debt, and shareholders' equity of $79 million.