Welcome to our dedicated page for GameSquare Holdings news (Ticker: GAME), a resource for investors and traders seeking the latest updates and insights on GameSquare Holdings stock.
GameSquare Holdings, Inc. operates as a digital media, entertainment, and technology company focused on gaming, esports, creators, and youth-culture audiences. Its news commonly covers earnings releases, agency and creative-services activity, GameSquare Experiences bookings, FaZe Esports partnerships, and Stream Hatchet live-streaming analytics reports.
Company updates also address capital allocation, including common-stock repurchase authorizations and repurchase activity, as well as platform additions tied to creator enablement, audience insights, digital media solutions, and managed services for brands and publishers.
Engine Gaming and Media reported a record FY 2022 revenue of $41.9 million, marking a 26% increase from $33.3 million in FY 2021. The fiscal fourth quarter revenues reached $11.5 million, up 24% sequentially. Notably, the net loss improved to $14.5 million, a reduction of $26.2 million year-over-year. The Advertising business grew by 28.6%, contributing $32.7 million to total revenue. Adjusted EBITDA showed a 23.3% sequential improvement.
Stream Hatchet, a subsidiary of Engine Gaming and Media (NASDAQ:GAME), published its Video Game Streaming Trends Q3 2022 Report. The report reveals that gaming and esports viewership has nearly doubled since pre-pandemic levels, with a 40% year-over-year increase in esports viewership. Twitch dominates the market with 72% share, while Facebook Gaming fell to 5%. VTubers now make up 50% of top female creators, showing significant growth. The report serves as a valuable resource for brands aiming to engage the challenging 18-35 demographic.
Engine Gaming and Media (NASDAQ:GAME) has announced the timing for its fiscal Q4 2022 earnings release, which will take place on November 29, 2022, after market close. The Company will host a conference call at 4:30 p.m. ET the same day to discuss financial results and conduct a Q&A session. Engine provides analytics and influencer marketing solutions to the gaming industry, generating revenue through subscriptions and programmatic advertising. The call will be accessible via dial-in and webcast with playback available until December 6, 2022.
Sideqik, a subsidiary of Engine Gaming and Media (NASDAQ:GAME), has partnered with Awin and ShareASale, enhancing its influencer marketing capabilities for 21,000 retailers. This collaboration allows retailers to leverage Sideqik's extensive database of over 60 million influencers, offering AI-driven insights and real-time reporting. The partnership aims to streamline influencer relationship management, enabling brands to execute profitable and measurable marketing campaigns. Awin's integration with Sideqik is expected to boost retailer sales and expand customer reach.
Frankly Media has partnered with Filmfeed, Inc. to monetize its Stash TV digital channel using advanced AI technology and performance tracking tools. This collaboration aims to enhance revenue through programmatic advertising solutions. Stash TV plans to scale its library to over 10,000 titles within the year, leveraging Filmhub's film distribution expertise. Frankly Media's integrated suite offers publishers a means to maximize audience engagement and revenue across various platforms. This partnership is expected to significantly boost Engine Gaming and Media's media portfolio.
Engine Gaming and Media (NASDAQ:GAME) announced plans to explore strategic options aimed at enhancing shareholder value. CEO Lou Schwartz emphasized the company's ongoing cost-cutting measures and focus on profitability. The company is considering various avenues, including mergers, acquisitions, and partnerships, to leverage opportunities amid the current market environment. Engine has enlisted KPMG Corporate Finance and Haywood Securities as financial advisors for this process. No specific timeline for completion has been set, and further updates will be provided as necessary.
Frankly Media, a digital publishing platform and subsidiary of Engine Gaming and Media (NASDAQ:GAME), has partnered with Aggregated Media (A8) to monetize esports content. This collaboration aims to enhance audience reach via Frankly's advertising services and multimedia platforms. Erik Reynolds, President of A8, praised Frankly's advertising capabilities and support. The partnership emphasizes maximizing audience engagement through integrated solutions, including video streaming and mobile apps. Engine Gaming's offerings include data analytics and programmatic advertising for the gaming sector.
Engine Gaming and Media announced that its subsidiary, Frankly Media, has begun monetizing mobile apps and a website for Scioto Valley Guardian, a leading local news source in Ohio. This partnership leverages Frankly's premium programmatic advertising services, enhancing monetization efforts for both the apps and the website. Frankly Media provides comprehensive digital publishing solutions aimed at maximizing audience engagement and revenue. CEO Lou Schwartz highlighted the success of their collaboration, which underscores Frankly's technological advancements in the digital content space.
Engine Gaming and Media (NASDAQ:GAME) announced an extension of its convertible debentures totaling US$1,250,000 that were set to expire in late 2022. The new debt, which replaces the old debentures, has an interest rate of 7% and a conversion price of US$1.10 per share, extending the maturity to August 31, 2025. The transaction is considered a related party transaction under MI 61-101. Engine provides data-driven services to gaming companies and generates revenue through various means, including software subscriptions and advertising.
Engine Gaming and Media, Inc. (NASDAQ:GAME) announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022. Executive Chairman Tom Rogers and CEO Lou Schwartz will meet with investors, and a presentation is scheduled for September 13 at 12:00 p.m. ET. Engine Gaming specializes in data-driven solutions for gaming, media, and marketing, with subsidiaries including Stream Hatchet and Sideqik. The company generates revenue through subscriptions, managed services, and programmatic advertising.