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Playside Studios Ltd ( (AU:PLY) ) has issued an announcement.
PlaySide Studios Ltd has announced a trading update for FY25, indicating late-stage negotiations on several work-from-home projects have been delayed. Despite this, the company anticipates signing new projects in the second half of the fiscal year. The company continues to maintain discipline on its cost base while progressing well on major original IP projects. Substantial investments are being made in development and marketing, with the game ‘MOUSE’ achieving significant wishlist milestones on the Steam platform. A marketing campaign for the Game of Thrones RTS is also set to begin this year. The financial guidance for FY25 projects a revenue range of $50-54 million and an EBITDA loss of $6-10 million, with closing cash expected between $10-15 million.
More about Playside Studios Ltd
PlaySide Studios Ltd is the largest game developer in Australia, known for its expertise in creating original IP projects. The company has a 14-year track record in consistently winning contract work and is focused on the development and marketing of major gaming projects.
YTD Price Performance: -41.46%
Average Trading Volume: 904,935
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$98.53M
Learn more about PLY stock on TipRanks’ Stock Analysis page.
