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Playside Studios Ltd ( (AU:PLY) ) has shared an announcement.
PlaySide Studios has announced a 12-month extension of its Work for Hire contract with Meta Platforms Technologies for development work on the Horizon Worlds social platform, extending the partnership until December 2026. This extension is expected to positively impact PlaySide’s financial performance, with management anticipating FY26 revenue to surpass FY25’s A$48.7 million while reducing operating costs, indicating a strong market position and potential growth for stakeholders.
The most recent analyst rating on (AU:PLY) stock is a Buy with a A$0.43 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.
More about Playside Studios Ltd
PlaySide Studios Limited is an Australian video game developer and publisher headquartered in Port Melbourne, Australia. Founded in 2011, the company develops video games for various platforms including PC, console, mobile, virtual reality, and mixed reality. It boasts a portfolio of approximately 60 titles and collaborates with major technology and entertainment companies such as Activision Blizzard, Meta, Netflix Games, and Take Two Interactive. PlaySide also has a publishing arm that supports third-party games from smaller independent studios.
Average Trading Volume: 302,324
Technical Sentiment Signal: Sell
Current Market Cap: A$88.17M
See more insights into PLY stock on TipRanks’ Stock Analysis page.