GameSquare Buys Back $1M in Shares After Revenue Surge

GameSquare Holdings repurchased about 2.3 million shares in April for roughly $1 million at an average price of $0.44 per share, the company reported.

The buyback is part of an expanded repurchase program. After the April purchases, about $11.5 million remains available under the current authorization.

Since October 2025, GameSquare has repurchased more than 7.3 million shares, spending about $3.5 million at an average price of $0.47 per share.

Revenue for the most recent quarter rose 142% year over year to $18.5 million, up from $7.6 million the prior year. The company attributed the increase to stronger operations and recent acquisitions, including an $8.5 million acquisition of Click Management.

GameSquare reported a net loss from continuing operations of $28.2 million for the most recent quarter, compared with a $19.5 million loss in the fourth quarter of 2024. Management attributed most of the wider loss to a $20.3 million reduction in digital asset values, a $12.1 million impairment charge and $1.9 million in investment losses.

“We believe our stock is currently undervalued,” Justin Kenna, CEO, wrote in a statement, adding that repurchases support shareholder value while the company continues to invest in operations.

FaZe Esports, fully owned by GameSquare, will not see immediate operational changes; teams, players, sponsorships and day-to-day esports activities are expected to continue as usual, the company noted. FaZe recently secured a seven-figure sponsorship with Corsair.

FaZe Clan did not appear on the official 2026 EWC Partner Program list and did not secure a slot in IEM Major Cologne 2026. As a result, the team loses access to up to $1 million in direct EWC funding for operations and will not receive potential revenue from in-game cosmetics tied to that CS2 major.

GameSquare said it will continue repurchases under the expanded program while pursuing growth through operations and acquisitions. With about $11.5 million remaining under the authorization, the company can undertake additional buybacks as it balances capital allocation and integration of recent acquisitions.