GameSquare Holdings, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results

GameSquare Holdings, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2025. The company achieved its first positive Adjusted EBITDA quarter, with $1.7 million in Q4 2025, a significant improvement from a loss of $3.1 million in Q4 2024. Revenue for Q4 2025 increased by 142% year-over-year to $18.5 million, with a gross margin of 45.9%. The company also reported a proforma Adjusted EBITDA of $2.3 million for Q4 2025, including the acquisition of TubeBuddy. For the full year 2025, revenue was $45.0 million, an increase from $27.5 million in 2024, and the Adjusted EBITDA loss narrowed to $4.6 million from $11.9 million in 2024. The company repurchased 2.99 million shares of its common stock in Q4 2025. The acquisition of TubeBuddy, an AI-enabled platform for creators, is expected to enhance GameSquare's capabilities and revenue streams. GameSquare reiterated its 2026 outlook, expecting revenue between $85 million and $90 million and Adjusted EBITDA over $5 million. The company held significant digital asset treasury assets, including Ethereum, NFTs, and altcoins, as of December 31, 2025.