GAME Earnings Prediction
The chart below shows how GAME performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GAME sees a -1.11% change in stock price 10 days leading up to the earnings, and a -10.62% change 10 days following the report. On the earnings day itself, the stock moves by -1.60%. This data can give you a slight idea of what to expect for the next quarter's release.
GAME Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
26.41M
64.62%
-7.60%
Gross Margin
16.80%
-20.23%
46.47%
Operating Margin
-22.85%
-23.06%
-19.99%
Net Margin
-28.26%
-18.96%
-31.57%
EPS
-0.30
-23.08%
-21.05%
No Data Available
GAME Earnings Analysis
GameSquare Holdings, Inc. Common Stock Corporation (GAME.O) Earnings Conference Call
Positive
Record Revenue Increase: Revenue increased 10% year-over-year to a third quarter record of $26.4 million.
Q3 Adjusted EBITDA Performance: Adjusted EBITDA for the third quarter exceeded initial expectations, demonstrating significant improvements in profitability.
Gross Margin Improvement: The company achieved a gross margin of $5.2 million or 19.8% of sales, compared to $3.4 million or 14% of sales in the same period last year.
Subathon Engagement Records: FaZe Clan's subathon in September showcased over 1.1 billion impressions and set new records for engagement, highlighting the brand's strength.
Cash Reserves for Growth: The company ended the third quarter with over $11 million in cash on its balance sheet, providing flexibility for future growth opportunities.
Negative
Quarterly EBITDA Loss Reduction: Our quarterly adjusted EBITDA was a loss of $2.2 million for the 2024 third quarter compared to a loss of $5.4 million for the second quarter and a pro forma loss of $7.9 million for the first quarter.
Adjusted EBITDA Improvement: Adjusted EBITDA loss for the 2024 third quarter amounted to $2.2 million compared to a loss of $10.4 million on a pro forma basis last year.
EBITDA Loss Improvement: Our adjusted EBITDA loss improved from a negative 43.4% for the pro forma 2023 third quarter to a negative 8.2% for the 2024 third quarter.
Revenue Increase Analysis: The total revenue was $26.4 million compared to $24.0 million, indicating a 10% year-over-year increase, but the growth was primarily due to the agency and media business, which may not be sustainable.
Cost Reduction Efforts: We have removed approximately $17 million of annualized costs and expect to remove additional costs during the 2024 fourth quarter.
GAME FAQs
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GAME Earning Call Sentiment
GameSquare Holdings, Inc. (GAME) Q3 2024 Earnings Conference Call Transcript
1.0x
00:00
00:00
GAME.O
-3.97%Positive
The earnings call summary highlights strong financial performance with a 10% revenue increase and improved gross margins. The Q&A reveals optimism about future growth and profitability, with multiyear high-margin deals in the pipeline. Despite competitive pressures and integration risks, the company anticipates significant organic growth and cost reductions. The convertible note and cash position provide financial flexibility. Overall, the sentiment is positive, with potential for a 2% to 8% stock price increase over the next two weeks.