Overview
- GameSquare reported Q4 2025 revenue of $18.5 million, up 142% from a year earlier, with adjusted EBITDA turning positive at $1.7 million.
- The quarter still showed a $28.2 million net loss from continuing operations, driven mostly by a $20.3 million drop in the value of its digital assets and $12.1 million in impairments.
- The company reaffirmed 2026 targets for $85 million to $90 million in revenue, gross margin of 35% to 40%, and adjusted EBITDA above $5 million.
- GameSquare closed the TubeBuddy acquisition in February 2026 to add a subscription tool for YouTube creators and more recurring, higher-margin sales.
- Shares jumped intraday by about 68% to roughly 42 cents after the update, according to Benzinga data.