GameSquare shares surge 15.07% intraday on strong Q3 turnaround, $80M digital asset raise, and Click Management acquisition.

GameSquare Holdings Inc. surged 15.07% intraday following its Q3 2025 earnings call, which highlighted a significant financial turnaround. The company reported a 20-percentage-point increase in gross margin to 49.4%, $5.9 million net income from continuing operations, and $80 million raised via its digital asset treasury strategy, bolstering liquidity. The acquisition of Click Management added $14.5 million in annualized revenue, while the CEO outlined plans to aggressively repurchase shares using yield proceeds from its digital assets, with $4.4 million remaining in the buyback authorization. These developments, coupled with a debt-free balance sheet and $82 million in cash/digital assets, signaled improved financial health and shareholder value creation, driving the intraday rally.