TORONTO, ON / ACCESSWIRE / March 24, 2022 / Gamesquare Esports Inc. (CSE:GSQ)(OTCQB:GMSQF)(FRA:29Q1) ("Gamesquare", or the "Company"), is pleased to announce that Complexity Gaming ("Complexity") has been paid league fees that grew by more than 40% on a year-over-year basis. The increase in league fees paid to Complexity reflects the continued growth and engagement by an audience that chooses gaming and esports as a source of entertainment. The expansion of league revenue also reflects the growing interest and commitment by brands to invest in the industry as advertising and marking partners. Management believes that this is reflective of broader industry trends and progress seen within Complexity and throughout the Company's portfolio of businesses including GCN, Code Red, and Cut+Sew.
"The popularity of gaming is clearly translating to growing interest by brands seeking to connect with fans," said Justin Kenna, CEO of Gamesquare. "Audience growth and significant increases in meaningful payments to Complexity are important signs that we are executing on a business plan that can grow top line and drive margin expansion as operating leverage takes hold. GameSquare businesses reach more than 50 million social followers and we are able to further amplify client content and activations through our digital media network that reaches more than 115 million monthly active users. It is early innings for esports but we believe we are showing that there are viable business models, which we are executing on."
Earlier this year, GameSquare released its letter to shareholders which outlined our commitment to our clients, investors, employees, and stakeholders. In it we discussed the importance of building long term value and delivering incredible outcomes for our clients, among other key priorities. In the Company's view, today's announcement is another example of delivering against there priorities as management seeks to create wealth for our investors.
About GameSquare Esports Inc.
GameSquare Esports Inc. is an international gaming and esports company headquartered in Toronto, Canada. The Company is seeking to acquire additional assets and entities serving the gaming and esports markets and, more broadly, in sports and entertainment. GameSquare owns a portfolio of companies including Code Red Esports Ltd., an esports talent agency serving the UK, Reciprocity Corp. ("Reciprocity"), which provides the Company access to Asia, Latin America and North America, NextGen Tech, LLC (dba as Complexity Gaming), a leading esports organization operating in the United States, and, most recently, Swingman LLC (dba Cut+Sew and Zoned), a gaming and lifestyle marketing agency based in Los Angeles, USA. Reciprocity's gaming and esports assets include: a CrossFire franchise in China that it owns with its partner LGD Gaming, a 40% interest in a League of Legends team that competes in Latin America, and its wholly owned subsidiary corporation, GCN, a digital media company focusing on the gaming and esports audience based in Los Angeles, USA.
Follow Gamesquare: LinkedIn | Twitter | Instagram
Investor Relations
For further information, please contact: Nikhil Thadani, Investor Relations for GameSquare Esports Inc.
Kevin Wright, President and Chairman
Phone: (647) 670-2500
Nikhil Thadani
Email: [email protected]
Phone: (647) 670-2500
Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the Company's future financial performance; the Company's ability to integrate and monetize its core asset portfolio; the business and operations of the Company and its subsidiaries; and the Company's ability to execute its business plan. These forward-looking statements are provided only to provide information currently available to us and are not intended to serve as and must not be relied on by any investor as, a guarantee, assurance or definitive statement of fact or probability. Forward-looking statements are necessarily based upon a number of estimates and assumptions which include, but are not limited to: the Company being able to grow its business and being able to execute on its business plan, the Company being able to complete and successfully integrate acquisitions, the Company being able to recognize and capitalize on opportunities and the Company continuing to attract qualified personnel to supports its development requirements. These assumptions, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the Company's ability to achieve its objectives, the Company successfully executing its growth strategy, the ability of the Company to obtain future financings or complete offerings on acceptable terms, failure to leverage the Company's portfolio across entertainment and media platforms, dependence on the Company's key personnel and general business, economic, competitive, political and social uncertainties including impact of the COVID-19 pandemic and any variants. These risk factors are not intended to represent a complete list of the factors that could affect the Company which are discussed in the Company's most recent MD&A. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. GameSquare assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
Neither the Canadian Securities Exchange ("CSE") nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: GameSquare Esports Inc.
View source version on accesswire.com:
https://www.accesswire.com/694460/Gamesquare-Esports-and-Complexity-Gaming-Announce-a-40-Increase-in-League-Fees-Received-Highlighting-the-Ongoing-Growth-of-Esports
Related Quotes
Upstart Holdings (NASDAQ: UPST) was anything but up in the Monday to Friday span, with its stock tumbling by more than 17%, according to data compiled by S&P Global Market Intelligence. On Tuesday, analyst David Chiaverini downgraded his recommendation on Upstart stock to underperform (read: sell) from his previous neutral. Specifically, Chiaverini's main issue with the fintech is its dependence on third-party funding.
Vulcan Value Partners, an investment management firm, published its “Vulcan Value Partners Large Cap Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Vulcan’s Large Cap Composite Fund delivered a 1.2% net return for the fourth quarter of 2021, compared to its benchmarks, the Russell 1000 Value Index and […]
Shares of Brazilian fintech StoneCo (NASDAQ: STNE) were down big in Friday trading, with shares off by 12.8% as of 1:46 p.m. ET. While many other growth stocks were hurting today as investors took near-term profits and long-term interest rates rose, StoneCo announced a fairly large shake-up of its board of directors that will see one of the company's co-founders leave. On Thursday evening, StoneCo announced the retirement of three longtime board members and the appointment of two new members.
To be perfectly honest, few traders are revved up about AT&T stock, and for good reason. "The only redeeming quality of owning T has been the heady dividend yield," wrote Real Money Columnist Brad Ginesin recently. AT&T is set to split off Warner Bros to Discovery shareholders, which is likely to occur in mid-April.
The only thing truly predictable about the stock market’s current volatility is its unpredictability. The fast-moving shifts in prices have prompted spurts of both selling and buying – you can’t have one without the other – that have left some stocks oversold, and trading much lower than they should. Wall Street’s analysts make all sorts of stocks picks, and they don’t shy away from tapping oversold stocks as positive choices. We’ve used TipRanks database to pull up the latest scoop on two such
The situation between U.S. and Chinese regulators over Chinese stocks listed on U.S. exchanges continues to evolve.
Shares of the Chinese electric automaker Nio (NYSE: NIO) plunged today after the company reported its fourth-quarter results. As a whole, the company performed well in the quarter, but investors appeared to be disappointed with management's estimates for first-quarter vehicle deliveries. Nio's management said that the company will deliver between 25,000 to 26,000 vehicles in the first quarter, compared to Wall Street's consensus estimate of 28,000 for the quarter.
(Bloomberg) — Deutsche Bank AG fired a number of top bankers in New York after a tab run up at a strip club was expensed as legitimate business spending, according to people with knowledge of the matter. Most Read from BloombergChina Plane Crash Update: Search Continues for Second Black BoxPutin Adviser Chubais Quits Over Ukraine War, Leaves RussiaApple Is Working on a Hardware Subscription Service for iPhonesNATO Boosts Forces in East Amid Chemical Incidents WarningChina Crash Mystery Grows as
Yahoo Finance's Ines Ferre joins the Live show to break down how stocks are moving in midday trading.
You can buy pieces of some of the world's most exciting up-and-coming businesses for the price of a large pizza.
In this article, we discuss 12 biggest agriculture companies in the world. If you want to skip our detailed analysis of the agriculture industry, click 5 Biggest Agriculture Companies in the World. Agriculture Industry Dynamics Agriculture has evolved from basic farming practices into a highly diverse sector, with enhanced soil preparation techniques, crop nutrients for […]
(Bloomberg) — China has seen investors pull money out of the country on an “unprecedented” scale since Russia invaded Ukraine in late February, marking a “very unusual” shift in global capital flows in emerging markets, according to the Institute of International Finance.Most Read from BloombergPutin Adviser Chubais Quits Over Ukraine War, Leaves RussiaChina Plane Crash Update: Searchers Identify Parts of WreckageRussia Central Banker Wanted Out Over Ukraine, Putin Said NoWall Street Is Scrambl
Over the years, Warren Buffett and Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) have been building up a huge cash balance. Earlier this week, Berkshire Hathaway said it would acquire the insurance giant Alleghany Corp. (NYSE: Y) for $11.6 billion. Berkshire Hathaway's deal is its largest since 2016 when it bought Precision Castparts for $37 billion.
Growth stocks are floundering with the tech-heavy Nasdaq Composite Index down over 10% to roughly 14,000 year to date. Let's explore why Ford Motor Company (NYSE: F) and Altria Group (NYSE: MO) could offer exceptional bang for your buck in this challenging market. Ford Motor Company is a legacy automaker reinventing itself with a pivot to electric vehicles (EVs).
Warren Buffett is undeniably the most closely watched, highest-profile investor in modern history. Not surprisingly, investors relentlessly clamor to match his success by analyzing his portfolio, hoping to absorb even a tiny morsel of Buffett's investment genius. Despite his unparalleled success, Buffett's investment model has always been transparent, straightforward, and consistent.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to…
Every investor gets into the stock market to find the best returns. That’s been especially true for the past five years or so, as the Federal Reserve held interest rates at historic low levels. While the central bank has started reversing that policy, it will take time for rates to rise appreciably – and so for the near- to mid-term, stocks are likely to remain the best engine for finding returns-on-investment. The key to making the most out of a stock investment, however, is not just the return
Yahoo Finance Live's Julie Hyman and Brian Sozzi discuss fourth quarter earnings for Honest.
Ian Shepherdson of Pantheon Macroeconomics predicts a 25% decline in U.S. home sales. On March 24, the yield on five-year U.S. Treasury notes was 2.40% and the yield on seven-year notes was 2.43%. Both were higher than the 2.38% yield on 10-year Treasury notes.
The electric-vehicle maker said at its analyst day on Wednesday it had started manufacturing Tre battery electric vehicle (BEV) at its Coolidge, Arizona facility on March 21 and would deliver 300 to 500 semi-trucks this year. Several electric vehicle makers including legacy automakers such as Ford Motor Co and General Motors that have entered the segment aim to deliver their first EVs this year as demand heats up, but higher raw material prices and supply chain woes have clouded their timelines. The Nikola story has increased credibility now as trucks start to roll off the line, said Jeffrey Kauffman, analyst at Vertical Research Partners, adding the company could surprise with new customer orders.
