GameSquare Holdings, Inc. Q4 FY2022 Earnings Call

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Engine Gaming and Media Fiscal Q4 & Full Year 2022 Earnings Summary

  • Full Year Revenue: $41.9 million, up 25.6% from $33.3 million in fiscal 2021.
  • Q4 Revenue: $11.5 million, up 24.4% sequentially from $9.2 million in Q3 2022.
  • Advertising Revenue:
    • FY 2022: $32.7 million, up 28.6% from FY 2021’s $25.4 million.
    • Q4: $9 million, up 29.2% from Q3’s $7 million.
    • Growth driven by Frankly Media’s optimization across 50+ demand partners and a 33% increase in CPMs and RPMs YOY.
  • SaaS Revenue:
    • FY 2022: $9.2 million, up 15.9% from $8 million in FY 2021.
    • Q4: $2.4 million, up 9.4% from Q3’s $2.2 million.
    • Revenue boost from full-year Sideqik contributions and Stream Hatchet growth.
  • Net Loss: Improved to $14.5 million in FY 2022 vs. $40.7 million in FY 2021 – a $26.2 million reduction.
  • Adjusted EBITDA:
    • Q4 loss of $4 million (exclusive of discontinued operations), improved 23.3% sequentially from $5.6 million in Q3.
    • Improvements largely due to cost-cutting and operational streamlining.
    • Further improvements projected into Q1 2023.

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Company Representatives: Lou Schwartz - Chief Executive Officer Tom Rogers - Executive Chairman of Engine Gaming and Media Operator: Greetings! And welcome to the Engine Gaming and Media, Fiscal Fourth Quarter and Full Year 2022 Conference Call. Please note that this conference call is being recorded. [Operator Instructions]. Before we begin, I would like to caution listeners that comments made by management during this call may include forward-looking statements within the meaning of applicable securities laws. These statements involve material risks and uncertainties, and actual results could differ from those projected in any forward-looking statement due to numerous factors. For a description of these risks and uncertainties, please see Engine's fiscal financial statements and MD&A for its fiscal fourth quarter and full year 2022, ended August 31, 2022 available on SEDAR and EDGAR. Important qualifications regarding forward-looking statements are also contained in Engine’s earnings release distributed early this afternoon, and also available on SEDAR and in EDGAR. Furthermore, the content of this conference call contains time-sensitive information accurate only as of today, November 29, 2022. Engine undertakes no obligation to revise or otherwise update any statements to reflect events or circumstances after the date of this call. And I would now like to turn the conference over to Mr. Lou Schwartz, Chief Executive Officer; and Tom Rogers, Executive Chairman of Engine

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