GameSquare Q2 revenue jumps 137% on recent acquisitions
GameSquare Q2 revenue jumps 137% on recent acquisitions
Overview
US gaming media network's preliminary Q2 revenue rose 137% yr/yr to $18.5 mln
Gross margin expanded to 49.0%, up nearly 20 percentage points from last year
Adjusted EBITDA turned positive at $1.0 mln, driven by higher sales and margin expansion
Outlook
GameSquare reiterates 2026 revenue guidance of $85 mln to $90 mln
Company expects 2026 gross margin of 35% to 40%
GameSquare sees 2026 adjusted EBITDA of over $5 mln
Result Drivers
ACQUISITIONS - Recent acquisitions, including Click and TubeBuddy, contributed to revenue growth and platform expansion
ORGANIC GROWTH - Core businesses saw underlying organic growth, supporting higher sales
PARTNERSHIPS & CREATOR NETWORK - Expanded creator relationships, deeper engagement with global partners, and new partnerships supported bookings and reach
Company press release: ID:nACSdSvTva
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $18.50 mln | $17.15 mln (2 Analysts) |
Q2 Adjusted EBITDA | Beat | $961,636 | -$250,000 (2 Analysts) |
Q2 Gross Profit |
| $9.04 mln |
|
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 is $1.50, about 314.6% above its August 7 closing price of $0.36
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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.)