GameSquare Closes FanEngine Transaction
GameSquare has closed its acquisition of sports, music and entertainment IP assets from FanEngine Holdings following stockholder approval at the October 22, 2026 special meeting. Management guides that FanEngine will drive 2027 revenue above $150 million with gross margin above 50% and adjusted EBITDA over $30 million, and contribute immediately to a 2026 proforma outlook of $85+ million revenue and $5+ million adjusted EBITDA. The deal shifts GameSquare from agency-style services toward owning IP and first-party fan relationships, with rights tied to Peaky Blinders, Simon's Cat and 15 global athletes.
Key figures
- Guidance
- 2027: revenue over $150 million, gross margin above 50%, adjusted EBITDA more than $30 million; 2026 proforma outlook of $85+ million revenue and $5+ million adjusted EBITDA
- Revenue 2027
- $150 million+
- Gross margin 2027
- above 50%
- Adjusted ebitda 2027
- $30 million+
- Revenue 2026 proforma
- $85 million+
- Adjusted ebitda 2026 proforma
- $5 million+
AI analysis
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