GameSquare’s latest report highlights that none of the four identified assets are related to esports, as the company experienced a 37% decline in esports revenue during the first half of the year, contrasting with growth in all other sectors.
FaZe Esports has reported a record adjusted EBITDA for the second quarter, with shares trading at $0.39 ahead of an upcoming stockholder vote on a potential reverse split of up to 1-for-8.
The company plans to strategically buy back its common stock as opportunities arise.