GameSquare Holdings Reports Strong Q3 Earnings, Raises $80M in Digital Asset Strategy

GameSquare Holdings reported a significant improvement in gross margin, expanding by 20 percentage points to 49.4% in Q3. The company successfully raised $80 million through its digital asset treasury strategy and reported a net income of $5.9 million from continuing operations. However, the company still reported a pro forma EBITDA loss of approximately $200,000 and faces challenges in getting shareholders to vote. Despite these challenges, the company plans to aggressively pursue share buybacks using yield funds from its digital asset treasury strategy.