FaZe Media Divestiture Enhances Profitability
The divestiture of FaZe Media valued at over $39 million, compared to the original $14 million acquisition, is expected to significantly enhance profitability and strengthen the balance sheet by eliminating approximately $10 million of debt.
SaaS and Managed Services Growth
Stream Hatchet signed its largest contract to date with Capcom, and a new strategic partnership with another leading game publisher is expected to be announced in Q2. This has led to multiple seven-figure opportunities in the pipeline.
Strong FaZe Clan Esports Performance
FaZe Esports had a strong Q1 with $1 million in prize money from the Rainbow Six Invitational and plans for a new naming rights deal for its headquarters.
Improvement in Adjusted EBITDA
Adjusted EBITDA loss improved from $7.9 million in Q1 2024 to $3.4 million in Q1 2025, an improvement of $4.5 million.
New Strategic Partnerships
A new license agreement with Paramount Game Studios to develop Spongebob SquarePants themed games within Fortnite indicates expanding strategic partnerships.