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Apr 9, 2026 12:00 AM

GameSquare (GAME) Stock Is Trending Overnight: Here's What You Should Know

GameSquare Holdings Inc. (NASDAQ:GAME) shares jumped 74.36% to $0.44 in after-hours trading Wednesday after the company reported fourth-quarter 2025 results that included its first positive adjusted EBITDA, along with full-year 2025 financials and a reiteration of its 2026 guidance.

The Texas-based, vertically integrated media, entertainment and technology company reported results for the period ending Dec. 31, 2025.

What Q4 Data Says

Fourth-quarter earnings per share came in at -$0.32, compared with a analyst estimate of -$0.02, marking a miss of 1,500%. Revenue for GameSquare totaled $18.46 million, falling short of the estimated $23.08 million by 20.03%.

Other metrics reported:

Metric

Q4 2025

Q4 2024

Gross Profit

$8.5 million

$2.0 million

Gross Margin

45.9%

25.8%

Adjusted EBITDA

$1.7 million

-$3.1 million

Adjusted EBITDA for the company improved and accounted for 9.4% of revenue in the fourth quarter of 2025, compared with negative 40.1% in the same period a year earlier.

Net loss of GameSquare from continuing operations totaled $28.2 million. This included ...