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Emerge Gaming Limited ( (AU:SP8) ) has provided an announcement.
Streamplay Studio Limited reported a significant reduction in its consolidated operating loss after tax for the half-year ending December 2024, down to $177,809 from $1,615,995 the previous year, thanks to cost optimization efforts. The company strengthened its position in the Pacific region and expanded its services in South Africa and the Middle East, enhancing its global footprint. Streamplay also acquired Noodlecake Studios Inc., a North American indie gaming company, aligning with its strategic direction for expansion. The company maintained a strong cash position of $13.78 million, supporting ongoing growth and strategic initiatives.
More about Emerge Gaming Limited
Streamplay Studio Limited operates in the online competitive social gaming and cloud streaming industry. The company offers services that facilitate casual gaming tournaments and competitions, allowing subscribers to play games and earn rewards. Additionally, Streamplay Pacific, a part of the company, provides music and entertainment content streaming services.
Average Trading Volume: 4,766,408
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.97M
Learn more about SP8 stock on TipRanks’ Stock Analysis page.