GameSquare forecasts 2027 revenue above $150 million, adjusted EBITDA above $30 million

GameSquare issued 2027 guidance tied to a full-year contribution from FanEngine assets, with the deal expected to close in Q4 2026.

The forecast calls for:

• Revenue of over $150 million
• Gross margin of over 50%
• Adjusted EBITDA of over $30 million

Stock consideration at closing was valued at about $15.9 million, based on a $2.95 closing price on Sept. 4, 2026.

The transaction structure implies roughly 70% equity for existing GameSquare holders and about 30% for FanEngine holders, subject to adjustments. FanEngine holders can earn up to an additional 10% equity via 2027-2028 financial milestones.