GameSquare Closes FanEngine Transaction
Key Highlights
- ➤FanEngine acquisition closes after GameSquare stockholder approval on October 22, 2026
- ➤2027 revenue expected above $150 million, gross margin above 50%
- ➤2027 adjusted EBITDA expected above $30 million
- ➤2026 pro forma outlook includes $85+ million revenue and $5+ million adjusted EBITDA
- ➤FanEngine expected immediately accretive to adjusted EBITDA and contributes to Q4 2026
Expert Statements
Justin Kenna, Chief Executive Officer of GameSquare
“Closing this transaction marks the start of a new chapter in GameSquare's evolution”
Justin Kenna, Chief Executive Officer of GameSquare
“We have built best-in-class capabilities to measure, reach and engage audiences at scale.”
Justin Kenna, Chief Executive Officer of GameSquare
“With the ability to own the fan relationship and earn from it repeatedly, FanEngine adds an important piece to our ecosystem.”
Justin Kenna, Chief Executive Officer of GameSquare
“We expect that to show up in our results quickly, with FanEngine contributing to our 2026 proforma outlook and supporting 2027 guidance of more than $150 million in revenue and more than $30 million in adjusted EBITDA.”
Justin Kenna, Chief Executive Officer of GameSquare
“Our focus now is integrating the acquisition and executing new commercial opportunities for our owned IP assets.”
Ben Hugo, Representative of FanEngine
“FanEngine represents a significant opportunity to unlock the commercial value of direct relationships between IP owners, talent, creators and their audiences.”
Ben Hugo, Representative of FanEngine
“By combining premium IP with fan identity and monetization capabilities, we transform fragmented audience engagement into direct, data-driven fan relationships that can generate actionable insights and recurring revenue.”
Ben Hugo, Representative of FanEngine
“GameSquare's infrastructure, commercial reach and scale position us to accelerate this model across multiple IP properties, creating a platform for sustainable growth and long-term shareholder value.”
FRISCO, TX / ACCESS Newswire / October 26, 2026 / GameSquare Holdings, Inc. (NASDAQ:GAME) ("GameSquare" or the "Company") today announced that it has completed the acquisition (the "Transaction") of sports, music and entertainment IP assets from FanEngine Holdings Ltd. ("FanEngine") as contemplated by the previously announced contribution agreement. The Transaction closed following approval by GameSquare stockholders at the special meeting held on October 22, 2026.
With the Transaction closed, GameSquare moves from reaching fans on behalf of others to owning and monetizing fan relationships directly. The Company's data, creator, agency and media businesses now sit alongside FanEngine's rights to globally recognized franchises and its platform for turning audiences into known, first-party fan communities.
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