Overview

* GameSquare ( GAME ) Q3 revenue misses analyst expectations

* Adjusted EBITDA loss for Q3 beats analyst expectations

* Net income from continuing operations of $5.9 mln, compared to a loss last year

Outlook

* GameSquare expects Q4 2025 to maintain positive momentum

* Company forecasts H2 2025 revenue of $36.8 mln and adjusted EBITDA of $2.9 mln

* Co believes, GameSquare's ( GAME ) outlook supported by digital asset strategy and Click acquisition

Result Drivers

* TECHNOLOGY CONSOLIDATION - Consolidation under Stream Hatchet improved profitability

* CLICK MANAGEMENT ACQUISITION - Acquisition expanded reach into creator-led partnerships, accelerating growth

* DIGITAL ASSET STRATEGY - Launch of digital asset treasury strategy enhanced balance sheet and supported share repurchase

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $11.3 $18.9

Revenue mln mln (2

Analysts

)

Q3 Net -$800,00

Income 0

Q3 Beat -$600,00 -$1.45

Adjusted 0 mln (2

EBITDA Analysts

)

Q3 Gross $5.6 mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for GameSquare Holdings Inc ( GAME ) is $3.00, about 82.1% above its November 12 closing price of $0.54

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)