{"id":153899,"date":"2024-05-22T12:37:11","date_gmt":"2024-05-22T11:37:11","guid":{"rendered":"https:\/\/esportsinsider.com\/?p=153899"},"modified":"2024-05-24T11:19:52","modified_gmt":"2024-05-24T10:19:52","slug":"gamesquare-revenues-net-loss-q1-2024","status":"publish","type":"post","link":"https:\/\/esportsinsider.com\/2024\/05\/gamesquare-revenues-net-loss-q1-2024","title":{"rendered":"GameSquare records $17.7m in revenues for Q1 2024 but net loss increases"},"content":{"rendered":"\n
\"Gamesquare
Image credit: GameSquare<\/figcaption><\/figure>\n\n\n
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Esports conglomerate GameSquare Holdings<\/strong> has announced revenues of $17.7m (~\u00a313.9m) and a gross profit of $3.4m (~\u00a32.7m) for the first quarter of 2024, ending March 31st.<\/p>\n\n <\/div>\n\n\n

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The result is significantly better compared to the same period last year, where the company generated $2.8m (~\u00a32.2m) in revenues and $1.3m (~\u00a31m) in gross profit. Despite these higher numbers, GameQquare recorded a net loss of $5.3m (~\u00a34.2m), $1m (~\u00a3790,000) higher compared to Q1 2023. <\/p>\n\n <\/div>\n\n\n

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