Northland Securities Forecasts Lower Earnings for GameSquare

GameSquare Holdings, Inc. (NASDAQ:GAME) – Northland Securities reduced their Q4 2026 earnings per share (EPS) estimates for GameSquare in a research note issued on Thursday, April 9th. Northland Securities analyst G. Gibas now expects that the entertainment company will earn $0.01 per share for the quarter, down from their previous estimate of $0.03.

GameSquare (NASDAQ:GAME) last announced its quarterly earnings data on Wednesday, April 8th. The entertainment company reported ($0.04) earnings per share for the quarter. The firm had revenue of $18.46 million during the quarter. GameSquare had a negative net margin of 49.30% and a negative return on equity of 168.15%.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of GameSquare in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, GameSquare has an average rating of “Sell”.

GameSquare Stock Up 27.9%

Shares of GameSquare stock opened at $0.32 on Friday. The firm has a market cap of $31.75 million, a price-to-earnings ratio of -0.59 and a beta of 0.82. The business has a fifty day simple moving average of $0.29 and a 200-day simple moving average of $0.46. GameSquare has a fifty-two week low of $0.24 and a fifty-two week high of $2.87.

Institutional Investors Weigh In On GameSquare

Several hedge funds have recently modified their holdings of GAME. Vanguard Group Inc. lifted its holdings in shares of GameSquare by 353.8% during the third quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company’s stock valued at $2,908,000 after purchasing an additional 3,339,080 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of GameSquare during the third quarter valued at $1,358,000. UBS Group AG lifted its holdings in shares of GameSquare by 275,329.0% during the third quarter. UBS Group AG now owns 1,669,100 shares of the entertainment company’s stock valued at $1,133,000 after purchasing an additional 1,668,494 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of GameSquare during the fourth quarter valued at $153,000. Finally, B Group Inc. purchased a new stake in shares of GameSquare during the third quarter valued at $170,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Key GameSquare News

Here are the key news stories impacting GameSquare this week:

• Positive Sentiment: Company announced a 142% year-over-year revenue jump to ~$18.5M in Q4 and reported its first positive adjusted EBITDA (~$1.7M), signaling an operational inflection that traders see as a path to profitability. GameSquare Achieves First Positive Adjusted EBITDA Quarter
• Positive Sentiment: Local coverage highlights the company’s “first-ever” profitable quarter (backed by high-profile investor Jerry Jones), which has driven retail interest and momentum. Jerry Jones-backed GameSquare posts first-ever quarterly profit
• Positive Sentiment: Coverage and social headlines (including a CEO quote about an “inflection point”) boosted attention — articles note shares “soaring” and trending volume as momentum traders pile in. This small-cap creator economy play is soaring over 60%
• Neutral Sentiment: Earnings call and transcript coverage provide color on drivers (TubeBuddy acquisition cited as accretive to pro forma EBITDA and higher gross margins); useful for investors verifying sustainability of growth. Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Multiple outlets summarize Q4 highlights and provide analyst/retail takeaways — good to read for detail but not new financial data beyond the release. Q4 2025 Earnings Call Highlights
• Negative Sentiment: Despite adjusted EBITDA positivity, GAAP results show a net loss from continuing operations (~$28.2M) and reported EPS of ($0.04); the company still has negative margins and negative ROE, leaving conversion to sustained GAAP profitability uncertain. MarketBeat Earnings Summary
• Negative Sentiment: Extremely elevated intraday volume and sharp price moves increase risk of short-term volatility; momentum could reverse if future quarters don’t sustain margin gains. GameSquare stock is trending overnight

GameSquare Company Profile

GameSquare Inc (NASDAQ: GAME) is a digital media and marketing company focused on the global gaming and esports industries. The company operates a network of online properties and community platforms that deliver editorial content, live event coverage, and video programming to enthusiasts and consumers. GameSquare’s offerings span both traditional gaming titles and competitive esports leagues, enabling advertisers and brand partners to engage with a diverse and highly engaged audience.

Through its flagship Enthusiast Gaming network, GameSquare oversees a portfolio of more than 35 websites and digital channels, including long-standing properties such as Destructoid, The Escapist and Daily Esports.