<span style="font-size:11pt;font-family:Arial,sans-serif;color:#ffffff;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The University of Salford has taken a significant step towards becoming a leader in esports education with the launch of its new esports lab. The state-of-the-art facility, equipped with industry-standard broadcasting technology, a tournament space, and a Formula 1-licensed racing simulator, will provide students on the esports business management course with invaluable hands-on experience.<span style="font-size:11pt;font-family:Arial,sans-serif;color:#ffffff;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The £200,000 lab, set to fully open in September, is designed to replicate the professional esports environment, allowing students to learn and practice their skills in a realistic setting. Course leader Iain Earle emphasized the lab's importance in preparing students for the rapidly growing esports sector, stating, "Turning your esports hobby into a career is now within reach, thanks to courses like this and spaces like our esports Lab."<span style="font-size:11pt;font-family:Arial,sans-serif;color:#ffffff;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The lab's advanced technology, including cameras, TV mixing equipment, and a dedicated teaching and gaming suite, will immerse students in the world of esports and equip them with the knowledge and skills needed to succeed in the billion-dollar industry. By providing access to such a cutting-edge facility, the University of Salford is positioning itself as a frontrunner in esports education, offering students a unique opportunity to pursue their passion and build a successful career.

<span style="font-size:11pt;font-family:Arial,sans-serif;color:#ffffff;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Cutting-Edge Facility Prepares Students for Thriving Industry

admin1

<span style="font-size:11pt;font-family:Arial,sans-serif;color:#ffffff;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">GameSquare Holding, a leading esports and gaming company, announced its second-quarter 2024 financial results, showcasing a complex financial picture. While the company achieved a 22% increase in revenue to $28.6 million compared to the previous quarter, it also incurred a net loss of $12 million. <span style="font-size:11pt;font-family:Arial,sans-serif;color:#ffffff;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The growth in revenue can be attributed to several key factors: <ul style="margin-top:0;margin-bottom:0;padding-inline-start:48px;"><li dir="ltr" style="list-style-type:disc;font-size:11pt;font-family:Arial,sans-serif;color:#ffffff;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: 36pt;" aria-level="1"><span style="font-size:11pt;font-family:Arial,sans-serif;color:#ffffff;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Increased demand for Unreal Editor for Fortnite services: GameSquare's expertise in world-building and creative tools for Fortnite continues to attract clients seeking to leverage the popular game's platform.</li><li dir="ltr" style="list-style-type:disc;font-size:11pt;font-family:Arial,sans-serif;color:#ffffff;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: 36pt;" aria-level="1"><span style="font-size:11pt;font-family:Arial,sans-serif;color:#ffffff;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Success of FaZe Media's new creator roster: The company's recent additions to its creator roster have generated significant viewership, contributing to revenue growth.</li></ul> <span style="font-size:11pt;font-family:Arial,sans-serif;color:#ffffff;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Despite these positive developments, the net loss highlights the challenges faced by GameSquare. The company is likely investing heavily in growth initiatives, such as expanding its operations and acquiring new assets. Additionally, the competitive nature of the esports industry may require significant expenditures to maintain market share and attract top talent. <span style="font-size:11pt;font-family:Arial,sans-serif;color:#ffffff;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Justin Kenna, CEO of GameSquare, expressed optimism about the company's future, emphasizing its strong financial position and strategic focus on growth. He stated, "GameSquare delivered strong growth and record quarterly revenue, demonstrating the benefits of the next generation media platform we have created. Second quarter revenue of $28.6 million increased 22% over proforma revenue for the 2024 first quarter, as we continue to focus on integrating the FaZe Clan acquisition and benefit from accelerating momentum across many areas of our business. We believe GameSquare has never been in a stronger financial position. As we look to the second half of the year, we are extremely excited by the direction GameSquare is headed."&nbsp;&nbsp;&nbsp; <span style="font-size:11pt;font-family:Arial,sans-serif;color:#ffffff;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">As GameSquare navigates the dynamic esports landscape, investors will be closely watching the company's financial performance to assess its ability to balance growth with profitability. The company's success will depend on its ability to capitalize on emerging opportunities while effectively managing costs and mitigating risks.

<span style="font-family: Arial, sans-serif; color: rgb(255, 255, 255); background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; font-size: 11pt;">Esports Company Navigates Financial Landscape

UNLEACH YOUR POTENTIAL

GAMIFIED TOURNAMENTS

COMMUNITY AND GROWTH

GAMING ACADEMY

EXPLORE

University of Salford Unveils New Esports Lab to Enhance Course Offer

GameSquare Reports Record Q2 2024 Revenues Despite $12M Net Loss

Copyright 2024 Unesportsity Wesbsite