Filing Flows › GameSquare Holdings (GAME) › Q4 2024
GameSquare Holdings (GAME) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 15, 2025
GameSquare Holdings (GAME) reported revenue of $23.5M for the fourth quarter 2024 (Q4 2024), +50% from a year earlier and -11% from the quarter before. Operating margin was -107.2%, net loss $29.6M (126.0% of revenue).
GameSquare Holdings, Q4 2024: revenue $23.5M (+50% year over year), operating margin -107.2%, net loss $29.6M, operating cash flow −$5.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.5M | -11% | +50% |
| Operating profit | −$25.2M | — | — |
| Net earnings | −$29.6M | — | — |
| Operating cash flow | −$5.2M | — | — |
What changed
Revenue was $23.5M in Q4 2024, up 50% year over year and down 11% from the previous quarter.
Gross margin was 10.2%, down 12.3 points from a year earlier. Operating costs exceeded revenue by $25.2M, an operating margin of -107.2%. Operating expenses grew 84% against revenue growth of 50%. The fastest-growing cost line was General & admin (+245%). The quarter ended with a net loss of $29.6M, wider than the previous quarter's $7.5M loss. Minority interests bore $3.2M of it: to shareholders the quarter was a loss of $26.4M.
Operating cash flow was −$5.2M. Non-cash charges added back $723K of depreciation and amortization and $851K of share-based compensation. Working capital and other items added $22.8M.
Questions
What was GameSquare Holdings' revenue in the fourth quarter 2024?
GameSquare Holdings (GAME) reported revenue of $23.5M for the fourth quarter 2024 (Q4 2024), +50% from a year earlier and -11% from the quarter before.
Was GameSquare Holdings profitable in the fourth quarter 2024?
Operating loss was $25.2M (-107.2% of revenue) and net loss $29.6M.