Engine Media Holdings Inc (GAME) AI Stock Analysis

NASDAQ: GAMEAI research summary: business, growth, valuation, analysts, bull and bear case.

GAME AI stock analysis summary

AI Research

Engine Media Holdings Inc develops gaming applications, e-sports tournament services, and influencer marketing solutions. In FY2025, revenue declined 53.2% to $45.0M while net income stood at -$40.1M, though trailing twelve-month revenue reached $62.8M as of June 30, 2026. The stock closed at $2.62 on October 16, 2026, recording a 1-year return of -51.4%.

Market cap
$34.5M
Revenue (TTM)
$62.8M
P/E
—
1Y return
-51.4%
S&P 500 16.8%
Avg. target
$11.33
332.6% vs last close

Bull case

  • Quarterly revenue rose 137.2% year-over-year in the latest quarter ended June 30, 2026.
  • Gross margin improved to 43.4% in FY2025 compared to 15.9% in FY2024.
  • Analysts maintain a mean price target of $11.33 and project revenue of $175.8M for the next fiscal year.

Bear case

  • Free cash flow registered at -$76.3M in FY2025 following -$18.4M in operating cash flow.
  • Shareholder dilution has been substantial, with share count increasing 1994.9% over a five-year period.
  • Total debt reached $13.5M compared to $4.5M in cash and short-term investments as of June 30, 2026.

What Engine Media does

Engine Gaming and Media, Inc. develops and sells gaming applications and related digital services. The company provides e-sports tournament platforms, content management systems, video software, mobile applications, and e-sports data analytics. It also manages digital advertising campaigns across a network of publisher sites, provides website design, and delivers data analysis reports. Through platforms such as Sideqik, the company enables brands and agencies to execute influencer marketing campaigns with content creators. Established in 2011 and headquartered in Toronto, Canada, the company operates across the digital media and gaming sectors.

Growth and profitability

Engine Media generated revenue of $33.3M in FY2021, $28.1M in FY2022, and $41.3M in FY2023. Revenue expanded 132.9% to $96.2M in FY2024 before declining 53.2% to $45.0M in FY2025. Across this period, the company recorded consecutive net losses, ranging from -$18.1M in FY2022 to -$48.8M in FY2024 and -$40.1M in FY2025. Gross margin improved to 43.4% in FY2025 from 15.9% in FY2024, while operating margin shifted from -48.0% to -26.1%. Over the five years from FY2020 to FY2025, revenue compound annual growth stood at 33.7%. For the trailing twelve months ended June 30, 2026, revenue totaled $62.8M, supported by quarterly year-over-year revenue growth of 137.2%.

GAME income statement →

Balance sheet and cash flow

As of June 30, 2026, Engine Media held $4.5M in cash and short-term investments alongside $13.5M in total debt, resulting in net debt of $9.0M. The company reported a current ratio of 0.90 and a debt-to-equity ratio of 1.36 against shareholders' equity of $9.9M. In FY2025, operating cash flow stood at -$18.4M and free cash flow was -$76.3M. Capital expenditures totaled $57.9M, while $1.8M was used for share buybacks. The company's share count increased 1994.9% over five years.

GAME balance sheet →

Valuation and performance

At a share price of $2.62, Engine Media trades at a market capitalization of $34.5M and an enterprise value of $50.6M. Its price-to-sales ratio of 0.5x sits below the 0.8x median of its US-listed Communication Services peers. The stock has a price-to-book ratio of 4.0x and an EV-to-revenue multiple of 0.8x. Over the past year, the shares fell 51.4%, trailing the S&P 500 (SPY) gain of 16.8%. Over five years, the stock dropped 98.1% compared to an 83.0% gain for the benchmark.

GAME key metrics →

What analysts expect

Wall Street analysts cover the stock with 2 Strong Buy and 1 Buy ratings, and zero Hold, Sell, or Strong Sell recommendations. The mean price target is $11.33, which is 332.6% above the last close of $2.62. For the fiscal year ending December 31, 2026, consensus expectations anticipate an EPS of -$2.29 on revenue of $119.1M. For the following fiscal year, analysts estimate EPS of $0.72 on revenue of $175.8M. The company beat EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 12, 2026.

GAME forecast and price target →

Key risks and what to watch

  • A current ratio of 0.90 as of June 30, 2026, indicates potential liquidity constraints.
  • A beta of 2.41 reflects high volatility relative to the broader equity market.
  • The company has missed analyst projections frequently, beating EPS estimates in only 1 of the last 4 quarters.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this GAME AI stock analysis

This page is an AI-written research summary of Engine Media Holdings Inc (GAME). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: GAME income statement, GAME balance sheet, GAME key metrics, GAME analyst forecast, GAME chart. See the GAME stock overview for the latest quote and news.

GAME AI stock analysis FAQ

What does Engine Media Holdings do?

Engine Media Holdings Inc develops gaming applications, e-sports tournament tools, and data analytics systems, while also managing advertising campaigns and influencer marketing platforms.

What is GAME's debt position?

As of June 30, 2026, the company held $4.5M in cash and short-term investments and $13.5M in total debt, creating net debt of $9.0M.

Does GAME pay a dividend?

No, GAME does not pay a dividend and generated -$76.3M in free cash flow in FY2025.

When does GAME report earnings next?

The company is scheduled to report its next earnings on November 12, 2026.

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