GameSquare Holdings has reported its Q2 financial results for 2025, reporting revenues of $15.9m (~£11.71m) with a net loss of $3m (~£2.21m) for the three-month period ending on June 30th, 2025.
Compared to the first six months of the previous year, the company was able to maintain similar revenue numbers — $30.6m in 2025 vs $33.4m in 2024 — while halving the net losses to $8.2m (~£6.04m) in the latest period.
The company is also undergoing major restructuring to accelerate a path to profitability while pivoting towards an Ethereum-based treasury management.
Gross profit for Q2 2025, which amounted to $2.4m (~£1.77m), was nearly identical to the previous year, although the company was able to greatly reduce the net losses, which were at $11.6m (~£8.55m) in Q2 2024.
According to a release, the company is expecting strong revenue growth in the coming quarter, supported by new wins and expansion with existing partners.
Earlier this week, the company announced a partnership with Animecoin to expand its treasury partnerships. Moreover, its subsidiary Stream Hatchet confirmed a partnership with Ubisoft for Rainbow Six Siege X. The other major partnership of the quarter was with GGTech Entertainment for the upcoming Gamergy festival in 2026.
The reduction in the losses, however, is mainly driven by the ongoing restructuring initiatives, which greatly lowered operational costs. The company has also completed the divestiture of FaZe Media in April, giving away the remaining stake the company owned in the subsidiary. The esports team, FaZe Clan, however, is still fully owned by GameSquare.
Gamesquare to Position as a Bridge Between Media and Web3
Looking ahead, the holding company has been expanding its treasury programme and boosting its investment capacity to $250m (~£186.2m).
As of August 13th, Gamesquare held 15,630.07 ETH, currently at a market value of $74.3m (~£54.68m), with an average cost of $4,571 (~£3,368.25) per ETH, and unrealised gains of $19.3m (~£14.22m) on its ETH holdings.
Additionally, the company owns CryptoPunk #5577, one of only 24 Ape CryptoPunks in existence, which the Company purchased on July 24th, 2025, at a price of $5.15m (~£3.80m).
The company’s goal is to take advantage of the onchain yield strategy to improve its financial position. The company also aims to develop higher-margin revenue streams while helping crypto-native organisations reach their audiences through Gamesquare’s media and technology assets.
According to the financial report, the total debt of the company is at $1.25m (~£0.92m) as of August 13th, 2025, when considering cash, and the ETH and NFT holdings.
Justin Kenna, CEO of GameSquare, commented: “2025 is on track to be a transformative year for GameSquare as we aggressively execute against a bold vision aimed at building a leading digital-first platform at the intersection of media, technology, esports, and onchain finance.
“Since January, we’ve taken decisive actions by divesting our remaining stake in FaZe Media, restructuring our operations to streamline costs, forming a strategic alliance with GGTech Entertainment, and doubling down on high-growth areas across our Experiences, Managed Services, and Technology business units, all to position us for unparalleled success.”
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