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GameSquare Valuation Multiples

Discover GameSquare's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like TradeDoubler, Creative Realities, Acer Gaming, Revu Corporation and more.

GameSquare Overview

About GameSquare

GameSquare Holdings Inc is engaged in revolutionizing the way brands and game publishers connect with hard-to-reach Gen Z, Gen Alpha, and Millennial audiences. It's next generation media, entertainment, and technology helps creators and maximize their brand partners' return on investment. Its purpose-built platform provides marketing and creative services, offers data and analytics solutions, and amplifies awareness through FaZe Clan.


Founded

2011

HQ

United States

Employees

132

Financials (LTM)

Revenue: $62M
EBITDA: ($355K)

EV

$52M

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GameSquare Financials

GameSquare reported last 12-month revenue of $62M and negative EBITDA of ($355K).

In the same LTM period, GameSquare generated $17M in gross profit, ($355K) in EBITDA losses, and had net loss of ($31M).

Revenue (LTM)


GameSquare P&L

In the most recent fiscal year, GameSquare reported revenue of $45M and EBITDA of ($5M).

GameSquare is unprofitable as of last fiscal year, with gross margin of 43%, EBITDA margin of (10%), and net margin of (89%).

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LTMLast FY202320242025202620272028
Revenue$62M$45M$52M$96M$45M
Gross Profit$17M$20M$13M$15M$20M
Gross Margin27%43%26%16%43%
EBITDA($355K)($5M)($27M)($51M)($10M)
EBITDA Margin(1%)(10%)(53%)(53%)(22%)
EBIT Margin(30%)(26%)(44%)(34%)(26%)
Net Profit($31M)($40M)($31M)($49M)($40M)
Net Margin(50%)(89%)(60%)(51%)(89%)

Financial data powered by Morningstar, Inc.

GameSquare Stock Performance

GameSquare has current market cap of $40M, and enterprise value of $52M.

Market Cap Evolution


GameSquare's stock price is $0.42.

GameSquare share price increased by 3.1% in the last 30 days, and decreased by 51.2% in the last year.

GameSquare has an EPS (earnings per share) of $-0.43.

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EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$52M$40M-5.2%3.1%57.0%-51.2%$-0.43

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GameSquare Valuation Multiples

GameSquare trades at 0.8x EV/Revenue multiple, and (147.1x) EV/EBITDA.

See NTM and 2027E valuation multiples for GameSquare

EV / Revenue (LTM)


GameSquare Financial Valuation Multiples

As of June 13, 2026, GameSquare has market cap of $40M and EV of $52M.

GameSquare has a P/E ratio of (1.3x).

LTMLast FY202320242025202620272028
EV/Revenue0.8x1.2x1.0x0.5x1.2x
EV/EBITDA(147.1x)(11.3x)(1.9x)(1.0x)(5.4x)
EV/EBIT(2.8x)(4.5x)(2.3x)(1.6x)(4.5x)
EV/Gross Profit3.2x2.7x3.9x3.4x2.7x
P/E(1.3x)(1.0x)(1.3x)(0.8x)(1.0x)
EV/FCF(7.2x)(3.3x)(3.3x)(1.7x)(0.7x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified GameSquare Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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GameSquare Margins & Growth Rates

GameSquare grew revenue by 84% but EBITDA decreased by 205% in the last fiscal year.

In the most recent fiscal year, GameSquare reported gross margin of 43%, EBITDA margin of (10%), and net margin of (89%).

See estimated margins and future growth rates for GameSquare

GameSquare Margins

Last FY202420252026202720282029
Gross Margin43%16%43%38%
EBITDA Margin(10%)(53%)(22%)6%
EBIT Margin(26%)(34%)(26%)(5%)
Net Margin(89%)(51%)(89%)(23%)
FCF Margin(36%)(32%)(170%)4%

GameSquare Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth84%85%(53%)84%
Gross Profit Growth63%14%28%63%
EBITDA Growth(205%)87%(81%)(150%)
EBIT Growth(62%)40%(64%)(62%)
Net Profit Growth(52%)56%(18%)(52%)
FCF Growth(122%)91%149%(105%)

Data powered by FactSet, Inc. and Morningstar, Inc.

GameSquare Operational KPIs

GameSquare's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.

GameSquare's Rule of 40 is 90% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

GameSquare's Rule of X is 217% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for GameSquare
LTMLast FY202320242025202620272028
Rule of 4045%90%---
Bessemer Rule of X114%217%---
Revenue per Employee-$0.3M---
Opex per Employee-$0.2M---
S&M Expenses to Revenue12%14%12%9%12%
G&A Expenses to Revenue33%47%41%26%44%
R&D Expenses to Revenue4%5%4%3%5%
Opex to Revenue-69%70%49%69%

Data powered by FactSet, Inc. and Morningstar, Inc.

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GameSquare Competitors

GameSquare competitors include TradeDoubler, Creative Realities, Acer Gaming, Revu Corporation, EQ Inc., Acquazzurra, Aurora Mobile, Smart Digital Group, ISPD Network and DigiTouch.

Most GameSquare public comparables operate across E-Sports, Advertising & Marketing and SportsTech.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
TradeDoubler0.2x0.2x4.0x3.6x
Creative Realities2.4x1.7x17.8x12.2x
Acer Gaming0.2x-6.3x-
Revu Corporation0.1x-0.7x-
EQ Inc.6.6x-(130.1x)-
Acquazzurra1.6x-(32.5x)-
Aurora Mobile0.2x-10.9x-
Smart Digital Group1.3x-(1.3x)-

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Acquisitions by GameSquare

GameSquare has acquired 7 companies to date.

Last acquisition by GameSquare was on February 20th 2026. GameSquare acquired TubeBuddy for undisclosed valuation.

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Latest Acquisitions by GameSquare

TubeBuddy
Click Management
FaZe Clan
Engine Media
Description
TubeBuddy equips YouTube creators with browser extensions for channel growth, SEO optimization, thumbnail A/B testing, and bulk processing tools. The Emeryville-based company serves 10 million users worldwide, integrating with YouTube Analytics for features like keyword explorers and video topic planners.
Click Management is a Los Angeles-based marketing agency connecting gaming brands with esports influencers for sponsored campaigns on Twitch and YouTube. The platform matches titles like Fortnite and Valorant with creators boasting 1-10 million followers, handling contracts for 500 partnerships yearly. Clients include Activision Blizzard and Razer, with performance tracked via affiliate links and viewership metrics. Launched in 2019, the agency expanded to European influencers in Berlin.
FaZe Clan is a Los Angeles-headquartered esports and entertainment organization with a global fanbase exceeding 215 million across platforms. The group produces content across gaming titles like Call of Duty, Fortnite, and Valorant, fields professional teams, and extends into lifestyle merchandise, music, and media collaborations with brands like McDonald's and Netflix.
Engine Media is a Toronto-headquartered company accelerating esports and interactive gaming content through partnerships with media outlets. Founded in 2016, it operates platforms like TG Sports and Underdogs.gg, generating revenue from subscriptions, SaaS data tools, advertising, and IP licensing. The firm listed on NASDAQ in 2021, collaborating with ESL Gaming and FanDuel to deliver live tournaments and fantasy esports to North American audiences.
HQ CountryUnited StatesAustraliaUnited StatesCanada
HQ City
San Diego, CA
Sydney
Los Angeles, CA
Toronto
Deal Date20 Feb 202611 Sep 202520 Oct 20238 Dec 2022
Valuationundisclosed$9M$17Mundisclosed
EV/Revenue
EV/EBITDA

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About GameSquare

When was GameSquare founded?GameSquare was founded in 2011.
Where is GameSquare headquartered?GameSquare is headquartered in United States.
How many employees does GameSquare have?As of today, GameSquare has over 132 employees.
Who is the CEO of GameSquare?GameSquare's CEO is Justin Kenna.
Is GameSquare publicly listed?Yes, GameSquare is a public company listed on Nasdaq.
What is the stock symbol of GameSquare?GameSquare trades under GAME ticker.
When did GameSquare go public?GameSquare went public in 2017.
Who are competitors of GameSquare?GameSquare main competitors include TradeDoubler, Creative Realities, Acer Gaming, Revu Corporation, EQ Inc., Acquazzurra, Aurora Mobile, Smart Digital Group, ISPD Network, DigiTouch.
What is the current market cap of GameSquare?GameSquare's current market cap is $40M.
What is the current revenue of GameSquare?GameSquare's last 12 months revenue is $62M.
What is the current revenue growth of GameSquare?GameSquare revenue growth (NTM/LTM) is 46%.
What is the current EV/Revenue multiple of GameSquare?Current revenue multiple of GameSquare is 0.8x.
Is GameSquare profitable?No, GameSquare is not profitable.
What is the current EBITDA of GameSquare?GameSquare has negative EBITDA and is not profitable.
What is GameSquare's EBITDA margin?GameSquare's last 12 months EBITDA margin is (1%).
What is the current EV/EBITDA multiple of GameSquare?Current EBITDA multiple of GameSquare is (147.1x).
What is the current FCF of GameSquare?GameSquare's last 12 months FCF is ($7M).
What is GameSquare's FCF margin?GameSquare's last 12 months FCF margin is (12%).
What is the current EV/FCF multiple of GameSquare?Current FCF multiple of GameSquare is (7.2x).
How many companies GameSquare has acquired to date?As of June 2026, GameSquare has acquired 7 companies.
What was the largest acquisition by GameSquare?$27M acquisition of Complexity Gaming on 30th June 2021 was the largest M&A GameSquare has done to date.
What companies GameSquare acquired?GameSquare acquired Complexity Gaming, FaZe Clan, Reciprocity, Click Management, Zoned, Engine Media, and TubeBuddy.
In how many companies GameSquare has invested to date?GameSquare hasn't invested in any companies yet (or none have been disclosed publicly).

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