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Playside Studios Ltd ( (AU:PLY) ) has shared an announcement.
PlaySide Studios Ltd faced a challenging financial year with a 25% drop in revenue and an EBITDA loss, prompting a swift business restructure. This restructuring aims to enhance flexibility and focus on original IP titles, positioning the company for future growth and maintaining strong partnerships for external projects.
The most recent analyst rating on (AU:PLY) stock is a Hold with a A$0.50 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 Ltd operates in the gaming industry, focusing on developing original intellectual property (IP) and engaging in external projects or ‘Work For Hire’ contracts. The company is known for its popular titles such as Dumb Ways to Die, Game of Thrones, and Mouse, and aims to maintain a strong portfolio while adapting to market demands.
Average Trading Volume: 347,046
Technical Sentiment Signal: Hold
Current Market Cap: A$104M
See more insights into PLY stock on TipRanks’ Stock Analysis page.