FaZe Holdings Inc - FAZE STOCK NEWS

FaZe Holdings Inc. (Nasdaq: FAZE) has promoted Matt "BK" Augustin to Vice President of Brand & Creative Strategy as of March 23, 2023. Augustin, previously the Director of Brand & Creative Strategy, will oversee a team focused on enhancing FaZe Clan's media and branding initiatives. He aims to strengthen partnerships with brands like McDonald's and Porsche. Reporting to President Zach Katz, Augustin's new role will be pivotal in the company's business development and creative strategies, reflecting FaZe Clan's growth within the gaming and youth culture sectors.

FaZe Holdings Inc. (Nasdaq: FAZE) announced the release date for its financial results for the fourth quarter and full year ending December 31, 2022. The results will be shared in a Shareholder Letter after market close on March 30, 2023. Following this release, FaZe will hold a conference call to discuss the outcomes. The company, which operates across various gaming and media sectors, boasts over 500 million followers globally and a roster of notable personalities, enhancing its influence in the gaming culture. Investors can access the results through FaZe's Investor Relations website.

FaZe Clan has officially announced the signing of its first all-female professional esports team for VALORANT, named FaZe refinnej, emy, panini, maddiesuun, and di^. This move marks a significant milestone in promoting female gamers in the esports industry. The new team will compete in the 2023 season of the VALORANT Champions Tour Game Changers Series, which aims to provide greater exposure for women and marginalized genders in the competitive gaming landscape. FaZe Clan continues to expand its esports roster, now comprising 14 teams and boasting 37 world championships, showcasing its commitment to diversity and representation in gaming.

FaZe Clan and GHOST have launched a new product collaboration, introducing the "FAZE POP™" flavor in their GHOST® GAMER and GHOST® ENERGY lines. Launched on February 22, 2023, this flavor combines nostalgic raspberry and citrus notes, appealing to gaming and energy drink enthusiasts. The products are vegan-friendly, sugar-free, and aim to set a new standard in the energy drink category. Dan Lourenco, CEO of GHOST, noted this collaboration marks the first of its kind for FaZe Clan, showcasing ideas from its entire roster. The products will be available online and at select retailers starting from February 27, 2023.

On February 13, 2023, FaZe Holdings Inc. (Nasdaq: FAZE) announced a collaboration with the global street fashion brand A BATHING APE® (BAPE®). This partnership will launch a limited-edition collection of co-branded apparel and accessories, featuring items like t-shirts, sweatsuits, and hats, blending both brands' identities. The collection will be available for purchase on February 18 at FaZeClan.com and other platforms. BAPE®, known for its iconic designs, has established itself as a leader in street fashion globally, while FaZe Clan continues to engage millions in gaming and youth culture.

FaZe Holdings Inc. (Nasdaq: FAZE) has entered a multi-year partnership with Porsche AG aimed at engaging the gaming community through original content, esports initiatives, consumer products, and digital goods. Set to begin in 2023, this collaboration focuses on inspiring gamers to achieve their dreams by sharing unique success stories and offering new experiences. Porsche will also serve as the official partner for all of FaZe Clan's esports teams. Both companies share values of innovation and performance, with plans to explore the Web3 space and introduce additional digital offerings in the near future.

FaZe Holdings Inc. (Nasdaq: FAZE) reported a 12% year-over-year revenue increase for Q3 2022, totaling $14.0 million. Key growth drivers included brand sponsorships, content, and esports. The gross profit rose by 8.2% to $3.5 million, yielding a gross margin of 25.3%. However, the company experienced a net loss of $130.6 million, primarily due to a $116 million loss on debt extinguishment. Operating expenses increased to $18.4 million due to higher administrative costs and headcount. The company is focused on optimizing its financial structure to enhance future results.

Xfinity and FaZe Holdings Inc. (Nasdaq: FAZE) announced a partnership to enhance the gaming and youth culture experience. This collaboration will include exclusive college concert events featuring Offset, original content series, and co-branded merchandise. The first concert is set for November 3, 2022, in Boston, followed by another in Atlanta on November 10. Xfinity will also integrate its services into FaZe Clan programming, focusing on promoting internet connectivity for gamers. Additionally, Xfinity Rewards members gain access to exclusive items and experiences.

FaZe Holdings Inc. (Nasdaq: FAZE) has announced a strategic partnership with The Sandbox, marking its entry into the metaverse. The initiative involves creating 'FaZe World,' a 12x12 plot of virtual land dedicated to FaZe Clan's lifestyle and culture. This partnership aims to develop digital experiences, events, and games, opening new revenue streams. A public LAND sale will be held, allowing fans to purchase digital real estate adjacent to FaZe World. The immersive experiences are expected to launch in 2023, reinforcing FaZe Clan's position in gaming and youth culture.