PlaySide Swings to Profit as It Bets on MOUSE Launch and Leaner Cost Base

An update from Playside Studios Ltd ( (AU:PLY) ) is now available.

PlaySide Studios reported half-year revenue of $20.4 million, down 28% year-on-year, with external projects revenue declining 20% and original IP revenue falling 43%, yet profitability improved sharply to EBITDA of $9.5 million and NPAT of $7.9 million. The company strengthened its balance sheet with new equity funding and a debt facility, lifting net cash to $14 million and supporting a pivot toward growth in external projects.

Operationally, PlaySide is positioning the upcoming title MOUSE: P.I. For Hire as a key revenue catalyst, delaying its PC and console launch to April 16 for additional polish as wishlists climbed to about 1.3 million and the game ranked among the most anticipated on Steam. The publishing portfolio was bolstered by exclusive rights to a MOUSE sequel and a global publishing deal for Dew, while a completed restructure is delivering about $7 million in annualised cost savings and management expects FY26 revenue to exceed FY25 with lower operating costs.

The most recent analyst rating on (AU:PLY) stock is a Sell with a A$0.31 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 and listed on the ASX under the code PLY. The company develops and publishes games across PC, console, mobile, virtual and mixed reality, combining original intellectual property with external development work for major partners such as Activision Blizzard, Meta, Netflix Games and Take-Two Interactive.

Average Trading Volume: 381,866

Technical Sentiment Signal: Hold

Current Market Cap: A$140.7M

For an in-depth examination of PLY stock, go to TipRanks’ Overview page.