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Playside Studios Ltd ( (AU:PLY) ) just unveiled an announcement.
Playside Studios reported first half FY26 revenue of $20.4 million, down 28% year on year, with external projects contributing $14.8 million and original IP $5.6 million amid a period with no new game launches. The decline reflects the absence of recent releases compared with prior titles like Kill Knight and Dumb Ways: Free For All (VR), though the renewal of Meta Horizons work until December 2026 supports ongoing project revenue.
Despite lower revenue, the company delivered a sharp profitability turnaround, posting EBITDA of $9.5 million and NPAT of $7.9 million versus losses a year earlier, driven by headcount cost reductions, a $7.8 million benefit from the Digital Games Tax Offset, and lower marketing spend. Operating cash flow improved to $5.6 million and net cash rose to $14 million, strengthening Playside’s balance sheet and financial flexibility for future development and growth.
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 Ltd is a video game developer focused on both external project work for major platforms and the creation of original intellectual property. The company generates revenue from contracted development, including work for partners such as Meta Horizons, as well as from its own titles across traditional and emerging gaming formats.
Average Trading Volume: 381,866
Technical Sentiment Signal: Hold
Current Market Cap: A$140.7M
Find detailed analytics on PLY stock on TipRanks’ Stock Analysis page.