Why Is GameSquare Stock Gaining Today?

GameSquare Holdings, Inc. (NASDAQ:GAME) shares are trading higher on Thursday. The company announced preliminary third-quarter financial results and provided a business update.

Preliminary revenue for the third quarter of 2024 is estimated to exceed $26.5 million (consensus $24 million), with an expected adjusted EBITDA loss of approximately $2.4 million, reflecting a $3.0 million improvement from the second quarter of 2024.

The company currently estimates that the third-quarter gross margin was approximately 18%, compared to 14.8% for the second quarter of ...

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