View source for News/GameSquare Holdings Reveals Financial Results

{{News
|seo_title=GameSquare Holdings Reveals Financial Results
|seo_keywords=GameSquare Holdings
|image=GameSquare.png
|tags=GameSquare Holdings
|date=2023-11-17T13:07:54.000Z
|sources={{NewsSource
|source=Venture Beat
|url=https://venturebeat.com/games/gamesquare-faze-clan-q3-financial-result/
|article=News/GameSquare Holdings Reveals Financial Results
}}
|author=Andura
|category=Business
|content=[[Companies/GameSquare Holdings|GameSquare Holdings]] revealed its Q3 2023 financial results. During the specified period, the company reported a notable increase in revenue, reaching $16.0 million as compared to $10.1 million in the previous period. The gross margin, representing the difference between revenue and the cost of goods sold, also demonstrated growth, rising to $4.4 million from $3.6 million. However, despite these positive trends, the company experienced a higher net loss of $5.1 million, compared to the net loss of $4.2 million in the preceding period. Additionally, the adjusted EBITDA loss, a measure of operating performance excluding certain non-operating expenses, widened to $3.6 million, reflecting an increase from the $3.2 million loss reported in the prior period. These financial metrics collectively indicate both positive revenue and margin growth but also highlight increased losses during the evaluated periods.
}}