Justi Ke a, CEO of GameSqua e stated, “GameSqua e delive ed a st o g seco d qua te , which was ahead of pla , with positive esults accele ati g mea i gfully f om fi st qua te a d yea -ove -yea levels. Reve ue i c eased 137% yea -ove -yea to $18.5 millio , g oss ma gi expa ded by ea ly 20 pe ce tage poi ts to 49.0%, a d adjusted EBITDA imp oved to a seco d qua te eco d of $1.0 millio . These esults eflect st o g executio , u de lyi g o ga ic g owth ac oss ou co e busi esses, the positive co t ibutio f om the ece t Click a d TubeBuddy acquisitio s, a d i c easi g ope ati g leve age of ou platfo m as ou busi ess scales.”
Ke a added, “Reve ue g owth is bei g suppo ted by st o g booki gs ac oss GameSqua e Expe ie ces, expa di g c eato elatio ships a d deepe e gageme ts with global pa t e s. Rece t examples i clude the e ewal a d expa sio of ou elatio ship with Riot Games a d St eam Hatchet’s selectio fo a seco d co secutive yea as a data a d i sights p ovide fo the Espo ts Wo ld Cup, which demo st ate the value of ou diffe e tiated data, a alytics a d c eato -i tellige ce capabilities. Ou pa t e ship with the U.S. A my a d FaZe Espo ts’ pa t e ship with CORSAIR fu the demo st ate the b eadth of ou platfo m a d ou ability to co ect leadi g b a ds a d o ga izatio s with highly e gaged gami g a d espo ts audie ces.”
“Expa di g ou access to p emium IP is a i c easi gly impo ta t compo e t of GameSqua e’s st ategy, st e gthe i g the value a d diffe e tiatio of ou e d-to-e d comme cial platfo m. We a e pleased with the ece t additio s of Wo ld of Da ce, the Espo ts Awa ds a d The Mobies to ou g owi g po tfolio of comme cial IP oppo tu ities. Equally impo ta t, we co ti ue to expa d the scale a d each of ou c eato busi ess. Du i g the seco d qua te , Justi Miclat was appoi ted Chief G owth Office of Click, a d we added Steak, the seco d-la gest Roblox c eato , a d Syphe PK, o e of the wo ld’s la gest Fo t ite c eato s, to ou tale t oste . As a esult, Click’s c eato etwo k ow eaches mo e tha 60 millio followe s ac oss majo social platfo ms,” Ke a co ti ued.
“Ou st o g yea -to-date pe fo ma ce demo st ates the p og ess we a e maki g a d ei fo ces ou co fide ce i GameSqua e’s ope ati g model a d g owth st ategy. As ou ece t acquisitio s successfully i teg ate, we a e buildi g a st o ge a d mo e comp ehe sive platfo m that e ables GameSqua e to p ovide a b oade a ge of se vices to both ew a d existi g custome s. With eve ue g owth accele ati g, g oss ma gi s expa di g a d adjusted EBITDA tu i g positive, we believe we have established mea i gful mome tum a d a e well positio ed to delive a st o g seco d half of 2026,” Ke a co cluded.
Reve ue of $18.5 millio , compa ed to $7.8 millio
G oss p ofit of $9.0 millio , compa ed to $2.3 millio
G oss ma gi of 49.0%, compa ed to 29.4%
Net loss f om co ti ui g ope atio s of $10.6 millio (see followi g bullet), compa ed to $4.0 millio .
The $10.6 millio et loss i the seco d qua te of 2026 i cluded a $7.8 millio cha ge i fai value loss o digital assets, $1.4 millio cha ge i fai value of co ti ge t co side atio , $0.7 millio cha ge i fai value of wa a t liability a d $0.6 millio of o e-time t a sactio costs elated to M&A a d othe o -ope ati g legal costs.
Positive adjusted EBITDA of $1.0 millio , compa ed to a adjusted EBITDA loss of $3.2 millio
Adjusted EBITDA was 5.2% of eve ue, ve sus -40.5% of eve ue
Reve ue of $33.0 millio , compa ed to $15.2 millio
G oss p ofit of $14.7 millio , compa ed to $5.4 millio
Net loss f om co ti ui g ope atio s of $28.2 millio (see followi g bullet), compa ed to a et loss of $7.8 millio
The $28.2 millio et loss f om co ti ui g ope atio s fo the six mo ths of 2026 i cluded a $22.4 millio cha ge i fai value loss o digital assets, $1.4 millio cha ge i fai value of co ti ge t co side atio , a d $1.6 millio of o e-time t a sactio costs elated to the TubeBuddy acquisitio , M&A a d othe o -ope ati g costs.
Adjusted EBITDA loss of $0.1 millio , compa ed to a loss of $5.7 millio
Adjusted EBITDA loss was -0.4% of eve ue, ve sus -37.7% of eve ue last yea
Reve ue of $34.3 millio
G oss p ofit of $15.9 millio
G oss ma gi of 46.3%
Adjusted EBITDA of $0.3 millio , o 0.9% of p ofo ma eve ue
* P ofo ma fi a cial esults i clude TubeBuddy fo the 2026 six mo ths. All fi a cial i fo matio a d p ofo ma is u audited.
The fi a cial i fo matio co tai ed i this elease eflects p elimi a y, u audited esults fo the qua te e ded Ju e 30, 2026. These p elimi a y esults have bee p epa ed by ma ageme t a d a e subject to the completio of customa y qua te -e d accou ti g p ocedu es a d the completio of the eview of the Compa y’s i te im fi a cial stateme ts by its i depe de t egiste ed public accou ti g fi m. As a esult, the fi a cial i fo matio p ese ted he ei may cha ge a d the Compa y’s actual esults a d fi a cial co ditio as epo ted i its Qua te ly Repo t o Fo m 10‑Q fo the qua te e ded Ju e 30, 2026 may diffe f om the i fo matio p ese ted i this elease.
Du i g the seco d qua te , GameSqua e epu chased 2.8 millio sha es of its commo stock fo $1.2 millio , ep ese ti g a ave age p ice of app oximately $0.43 pe sha e. I July 2026, GameSqua e epu chased a additio al 1.0 millio sha es of its commo stock fo $0.4 millio , ep ese ti g a ave age p ice of app oximately $0.38 pe sha e.
As of August 7, 2026, GameSqua e has epu chased ove 8.8 millio sha es of its commo stock fo ea ly $4.1 millio , ep ese ti g a ave age p ice of app oximately $0.46 si ce the Compa y’s epu chase p og am sta ted i Octobe 2025. The Compa y has app oximately $10.9 millio emai i g u de its cu e t autho izatio .
O a p ofo ma basis, which takes i to accou t the Compa y’s pla s with the TubeBuddy busi ess as if it was acqui ed o Ja ua y 1, 2026, the Compa y is eite ati g its p eviously a ou ced a ual fi a cial guida ce fo fiscal yea 2026. The Compa y’s a ual guida ce fo 2026 i cludes:
Reve ue of $85 millio to $90 millio
G oss ma gi of 35% to 40%
Adjusted EBITDA of ove $5 millio
Adjusted EBITDA guida ce excludes items such as t a sactio costs, impai me ts, a d othe o e-time expe ses, a d that a eco ciliatio is ot p ovided due to fo wa d-looki g u ce tai ty a d u easo able effo ts.
Ethe eum (“ETH”) Assets1 : The Compa y held 15,080.51 ETHDefe ed eve ue: I c eased 35.0% f om Decembe 31, 2025, eflecti g the Compa y’s tech ology a d SaaS eve ue g owth.Cash a d cash equivale ts: The Compa y had $25.9 millio i ETH, Altcoi i vestme ts, a d cash, o $0.25 pe sha e as of Ju e 30, 2026. Cash at Ju e 30, 2026, was $2.1 millio , with a additio al $2.4 millio i est icted cash.
1 Digital asset values a e subject to sig ifica t volatility a d a e valued based o ma ket p ices as of the epo ti g date.
This elease i cludes measu es that a e ot i acco da ce with U.S. ge e ally accepted accou ti g p i ciples (“No -GAAP measu es”). These No -GAAP measu es should be viewed i additio to, a d ot as a substitute fo , the Compa y’s epo ted GAAP esults, a d may be diffe e t f om No -GAAP measu es used by othe compa ies. I additio , these No -GAAP measu es a e ot based o a y comp ehe sive set of accou ti g ules o p i ciples. GameSqua e’s ma ageme t uses these No -GAAP measu es fo i te al budgeti g a d fo ecasti g pu poses a d to evaluate GameSqua e’s fi a cial pe fo ma ce. GameSqua e’s ma ageme t believes the p ese tatio of these No -GAAP measu es is useful to i vesto s fo compa i g p io pe iods a d a alyzi g o goi g busi ess t e ds a d ope ati g esults. Fo fu the i fo matio ega di g these No -GAAP measu es, please efe to the tables p ese ti g eco ciliatio s of ou No -GAAP esults to ou U.S. GAAP esults a d the “Ma ageme t’s use of No -GAAP Measu es” that accompa y this p ess elease.
Justi Ke a, CEO, a d Mike Mu oz, CFO, a e scheduled to host a co fe e ce call with the i vestme t commu ity. A alysts a d i te ested i vesto s ca joi the call via the details below:
Date: August 10, 2026Time: 5:00 pm ETWebcast: https://eve t.cho uscall.com/mediaf ame/webcast.html?webcastid=HC4SU cR
GameSqua e (NASDAQ:GAME) is a cutti g-edge media, e te tai me t, a d tech ology compa y t a sfo mi g how b a ds a d publishe s co ect with Ge Z, Ge Alpha, a d Mille ial audie ces. With a platfo m that spa s awa d-wi i g c eative se vices, adva ced a alytics, a d FaZe Espo ts, o e of the most ico ic gami g o ga izatio s, we ope ate o e of the la gest gami g media etwo ks i No th Ame ica. As a digital- ative busi ess, GameSqua e p ovides b a ds with u pa alleled access to wo ld-class c eato s a d tale t, delive i g authe tic co ectio s ac oss gami g, espo ts, a d youth cultu e. Compleme ti g ou ope ati g st ategy, GameSqua e has developed a i ovative t easu y ma ageme t p og am desig ed to ge e ate yield a d e ha ce capital efficie cy, ei fo ci g ou commitme t to buildi g a dy amic, high-pe fo mi g media compa y at the i te sectio of cultu e, tech ology, a d ext-ge e atio fi a cial i ovatio .
To lea mo e, visit www.gamesqua e.com.
This ews elease co tai s “fo wa d-looki g i fo matio ” a d “fo wa d-looki g stateme ts” (collectively, “fo wa d-looki g stateme ts”) withi the mea i g of the P ivate Secu ities Litigatio Refo m Act of 1995. All stateme ts, othe tha stateme ts of histo ical fact, a e fo wa d-looki g stateme ts a d a e based o expectatio s, estimates a d p ojectio s as at the date of this ews elease. A y stateme t that i volves discussio s with espect to p edictio s, expectatio s, beliefs, pla s, p ojectio s, objectives, assumptio s, futu e eve ts o pe fo ma ce (ofte but ot always usi g ph ases such as “expects”, o “does ot expect”, “is expected”, “a ticipates” o “does ot a ticipate”, “pla s”, “budget”, “scheduled”, “fo ecasts”, “estimates”, “believes” o “i te ds” o va iatio s of such wo ds a d ph ases o stati g that ce tai actio s, eve ts o esults “may” o “could”, “would”, “might” o “will” be take to occu o be achieved) a e ot stateme ts of histo ical fact a d may be fo wa d-looki g stateme ts. I this ews elease, fo wa d-looki g stateme ts elate, amo g othe thi gs, to: the Compa y’s futu e pe fo ma ce, eve ue, g owth a d p ofitability; a d the Compa y’s ability to execute o its cu e t a d futu e busi ess pla s. These fo wa d-looki g stateme ts a e p ovided o ly to p ovide i fo matio cu e tly available to us a d a e ot i te ded to se ve as a d must ot be elied o by a y i vesto as, a gua a tee, assu a ce o defi itive stateme t of fact o p obability.
Fo wa d-looki g stateme ts a e ecessa ily based upo a umbe of estimates a d assumptio s which i clude, but a e ot limited to: the Compa y’s ability to g ow its busi ess a d bei g able to execute o its busi ess pla s, the success of Compa y’s ve do s a d pa t e s i thei p ovisio of se vices to the Compa y, the Compa y bei g able to ecog ize a d capitalize o oppo tu ities, the Compa y co ti ui g to att act qualified pe so el to suppo t its developme t equi eme ts, the co ti ued developme t, accepta ce a d adoptio of digital assets; the availability, secu ity a d fu ctio ality of digital asset custody solutio s a d elated i f ast uctu e, the liquidity a d stability of digital asset ma kets, the Compa y’s ability to ma age the sig ifica t p ice volatility associated with digital assets, a d the ability of the Compa y a d its se vice p ovide s to mai tai adequate cybe secu ity p otectio s a d safegua d digital assets f om theft, loss o u autho ized access. These assumptio s, while co side ed easo able, a e subject to k ow a d u k ow isks, u ce tai ties, a d othe facto s which may cause the actual esults a d futu e eve ts to diffe mate ially f om those exp essed o implied by such fo wa d-looki g stateme ts.
Such facto s i clude, but a e ot limited to: the Compa y’s ability to achieve its objectives, the Compa y successfully executi g its g owth st ategy, the ability of the Compa y to obtai futu e fi a ci gs o complete offe i gs o acceptable te ms, failu e to leve age the Compa y’s po tfolio ac oss e te tai me t a d media platfo ms, depe de ce o the Compa y’s key pe so el a d ge e al busi ess, eco omic, competitive, political a d social u ce tai ties. These isk facto s a e ot i te ded to ep ese t a complete list of the facto s that could affect the Compa y. Additio al i fo matio ega di g isks a d u ce tai ties that could affect the Compa y is i cluded i the Compa y’s fili gs with the U.S. Secu ities a d Excha ge Commissio , i cludi g u de the headi gs “Risk Facto s” a d “Ma ageme t’s Discussio a d A alysis of Fi a cial Co ditio a d Results of Ope atio s” i the Compa y’s most ece t A ual Repo t o Fo m 10-K a d subseque t Qua te ly Repo ts o Fo m 10-Q a d Cu e t Repo ts o Fo m 8-K. The e ca be o assu a ce that fo wa d-looki g stateme ts will p ove to be accu ate, as actual esults a d futu e eve ts could diffe mate ially f om those a ticipated i such stateme ts. Acco di gly, eade s should ot place u due elia ce o the fo wa d-looki g stateme ts a d i fo matio co tai ed i this ews elease. GameSqua e assumes o obligatio to update the fo wa d-looki g stateme ts of beliefs, opi io s, p ojectio s, o othe facto s, should they cha ge, except as equi ed by law.
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This elease co tai s ce tai fi a cial pe fo ma ce measu es, i cludi g “EBITDA” a d “Adjusted EBITDA,” that a e ot ecog ized u de accou ti g p i ciples ge e ally accepted i the U ited States of Ame ica (“GAAP”) a d do ot have a sta da dized mea i g p esc ibed by GAAP. As a esult, these measu es may ot be compa able to simila measu es p ese ted by othe compa ies. Fo a eco ciliatio of these measu es to the most di ectly compa able fi a cial i fo matio p ese ted i the Fi a cial Stateme ts i acco da ce with GAAP, see the sectio e titled “Reco ciliatio of No -GAAP Measu es” below.
We believe EBITDA is a useful measu e to assess the pe fo ma ce of the Compa y as it p ovides mo e mea i gful ope ati g esults by excludi g the effects of expe ses that a e ot eflective of ou u de lyi g busi ess pe fo ma ce a d othe o e-time o o – ecu i g expe ses. We defi e “EBITDA” as et i come (loss) befo e (i) dep eciatio a d amo tizatio ; (ii) i come taxes; a d (iii) i te est expe se.
Adjusted EBITDA
We believe Adjusted EBITDA is a useful measu e to assess the pe fo ma ce of the Compa y as it p ovides mo e mea i gful ope ati g esults by excludi g the effects of expe ses that a e ot eflective of ou u de lyi g busi ess pe fo ma ce a d othe o e-time o o – ecu i g expe ses. We defi e “Adjusted EBITDA” as EBITDA adjusted to exclude ext ao di a y items, o – ecu i g items a d othe o -cash items, i cludi g, but ot limited to (i) sha e based compe satio expe se, (ii) t a sactio costs elated to me ge a d acquisitio activities, (iii) a bit atio settleme t ese ves a d othe o – ecu i g legal settleme t expe ses, (iv) co t act exit costs, p ima ily comp ised of employee seve a ce esulti g f om i teg atio of acqui ed busi esses, (v) impai me t of goodwill a d i ta gible assets, (vi) gai s a d losses o exti guishme t of debt, (vii) cha ge i fai value of assets a d liabilities adjusted to fai value o a qua te ly basis, (viii) gai s a d losses f om disco ti ued ope atio s, a d (ix) et i come (loss) att ibutable to o -co t olli g i te est.
Reco ciliatio of No -GAAP Measu es
A eco ciliatio of Adjusted EBITDA to the most di ectly compa able measu e dete mi ed u de U.S. GAAP is set out below. (U audited)
