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Playside Studios Ltd (AU:PLY)
ASX:PLY
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Playside Studios Ltd (PLY) AI Stock Analysis

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AU:PLY

Playside Studios Ltd

(Sydney:PLY)

Rating:65Neutral
Price Target:
AU$0.00
▼(-100.00% Downside)
Playside Studios Ltd exhibits strong financial performance with significant revenue and profitability improvements, which is the most significant factor in the score. However, the technical analysis shows mixed signals with both bullish and cautious indicators. The valuation remains a concern due to the negative P/E ratio, which reflects past challenges and limits the stock's attractiveness. No earnings call or corporate events data were factored into the score.

Playside Studios Ltd (PLY) vs. iShares MSCI Australia ETF (EWA)

Playside Studios Ltd Business Overview & Revenue Model

Company DescriptionPlaySide Studios Limited develops mobile, PC, and console video games in Australia. It provides titles in a range of categories, including self-published games based on original intellectual property and games developed in collaboration with studios, such as Take-Two Interactive, Activision Blizzard, Meta, Disney, Pixar, Warner Bros, and Nickelodeon. The company's portfolio includes 60 titles that are delivered across 4 platforms, which consists of mobile, virtual reality, augmented reality, and PC. PlaySide Studios Limited was incorporated in 2011 and is headquartered in Port Melbourne, Australia.
How the Company Makes MoneyPlaySide Studios Ltd generates revenue primarily through the development and distribution of its games. The company employs a monetization strategy that includes in-app purchases, advertising, and premium game sales. Additionally, PlaySide Studios collaborates with other game publishers and developers through licensing agreements and partnerships, which further contribute to its revenue streams. The company also explores opportunities in emerging technologies and platforms, ensuring a diversified income model that supports sustainable growth.

Playside Studios Ltd Financial Statement Overview

Summary
Playside Studios Ltd shows strong financial health with significant revenue growth and improved profitability. The balance sheet is stable with low leverage, and cash flow has improved significantly, indicating robust cash generation capabilities.
Income Statement
85
Very Positive
Playside Studios Ltd has demonstrated significant revenue growth, with a remarkable increase from $38.45M to $64.64M year-over-year, representing a 68% growth rate. The company has also turned around its profitability, moving from a net loss of $6.97M to a net income of $11.31M, significantly improving its net profit margin. EBIT and EBITDA margins have also improved from negative to 23.8%, indicating strong operational performance. The focus is on sustaining these positive trends.
Balance Sheet
75
Positive
The balance sheet shows a healthy equity position with a debt-to-equity ratio of 0.04, indicating low leverage. The return on equity (ROE) has improved significantly due to increased net income, showcasing efficient use of equity. The equity ratio is strong at 74.03%, reflecting a stable financial structure. However, the company should monitor any potential increase in liabilities to maintain this stability.
Cash Flow
80
Positive
Cash flow analysis reveals a positive turnaround in operating cash flow from a deficit in the previous year to $18.08M, reflecting improved cash generation capabilities. Free cash flow grew substantially, suggesting better cash management and capital expenditure control. The operating cash flow to net income ratio indicates strong cash conversion, further supporting the company's liquidity position.
BreakdownJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue64.64M38.45M29.24M10.88M7.01M
Gross Profit64.64M38.45M29.24M10.88M7.01M
EBITDA15.38M-2.84M5.85M-6.25M995.42K
Net Income11.31M-6.97M4.85M-5.88M196.23K
Balance Sheet
Total Assets69.15M48.22M54.60M17.66M2.68M
Cash, Cash Equivalents and Short-Term Investments37.44M32.20M37.91M11.23M551.13K
Total Debt2.04M1.68M2.10M1.46M744.71K
Total Liabilities17.95M9.41M9.63M4.97M1.87M
Stockholders Equity51.19M38.81M44.97M12.70M804.85K
Cash Flow
Free Cash Flow6.48M-5.25M542.00K-4.23M291.52K
Operating Cash Flow18.08M-1.60M7.62M-3.83M315.32K
Investing Cash Flow-11.79M-3.64M-7.13M-2.19M726.03K
Financing Cash Flow-763.00K-429.00K26.47M16.63M-592.09K

Playside Studios Ltd Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.20
Price Trends
50DMA
0.19
Positive
100DMA
0.18
Positive
200DMA
0.27
Negative
Market Momentum
MACD
<0.01
Positive
RSI
49.48
Neutral
STOCH
21.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PLY, the sentiment is Neutral. The current price of 0.2 is below the 20-day moving average (MA) of 0.21, above the 50-day MA of 0.19, and below the 200-day MA of 0.27, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.48 is Neutral, neither overbought nor oversold. The STOCH value of 21.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:PLY.

Playside Studios Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
AU$88.58M8.30-6.30%-2.09%-139.13%
64
Neutral
AU$44.43M28.5727.08%23.76%
61
Neutral
$41.49B-3.35-10.67%4.00%2.70%-41.55%
57
Neutral
AU$20.49M53.330.58%-2.82%
55
Neutral
AU$15.87M-18.57%33.99%64.89%
44
Neutral
AU$9.61M-0.70%-7.44%97.44%
38
Underperform
AU$23.47M-1089.14%-52.01%68.75%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PLY
Playside Studios Ltd
0.20
-0.40
-66.67%
AU:SP8
Emerge Gaming Limited
0.01
0.00
0.00%
AU:FTI
Mighty Kingdom Ltd
0.16
-0.04
-20.00%
AU:MXO
Motio Limited
0.05
0.03
150.00%
AU:PPL
Pureprofile Ltd.
0.04
0.02
100.00%
AU:ICI
iCandy Interactive Ltd
0.02
0.00
0.00%

Playside Studios Ltd Corporate Events

Playside Studios Updates Securities Issuance Date
Aug 4, 2025

Playside Studios Ltd announced an update regarding the proposed issue of securities, changing the date from August 22, 2025, to August 25, 2025. This adjustment in the securities issuance schedule may impact the company’s financial strategy and market positioning, potentially affecting stakeholder interests.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

Playside Studios Announces Proposed Securities Issue
Aug 4, 2025

Playside Studios Ltd announced a proposed issue of 15 million ordinary fully paid securities under a securities purchase plan. This move is aimed at raising capital, potentially impacting the company’s financial position and market operations, and may influence stakeholder interests by expanding the company’s equity base.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

PlaySide Studios Launches Discounted Share Purchase Plan
Aug 3, 2025

PlaySide Studios Ltd has announced a Share Purchase Plan offering eligible shareholders the opportunity to purchase fully paid ordinary shares at a discounted price of A$0.20 per share. This offer, which is non-renounceable, allows shareholders in Australia and New Zealand to apply for shares up to a maximum subscription of A$30,000. The issue price represents a discount to recent trading prices, and the company advises potential investors to consider the speculative nature of the investment and seek financial advice.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

Playside Studios Announces Proposed Securities Issue
Jul 28, 2025

Playside Studios Ltd has announced a proposed issue of 33,000,000 ordinary fully paid securities, scheduled for issuance on August 4, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s financial structure and market positioning by increasing its capital base, which could be used for expansion or other strategic initiatives.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

PlaySide Studios Secures $6.6M Placement for Upcoming Game Launch
Jul 28, 2025

PlaySide Studios has secured commitments to raise approximately $6.6 million through a placement of new shares at $0.20 each, aimed at strengthening its balance sheet ahead of major original IP launches, including the anticipated release of ‘MOUSE: P.I. For Hire.’ The company is also offering a Share Purchase Plan (SPP) to eligible shareholders to raise an additional $3 million, providing an opportunity for existing shareholders to participate under the same terms as the placement.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

PlaySide Studios Reports FY25 Financial Results, Eyes Future Growth
Jul 20, 2025

PlaySide Studios Limited reported its unaudited financial results for FY25, revealing revenue slightly below its previous guidance due to the cancellation of several smaller titles following a company restructure. Despite this, the company has been proactive in securing new opportunities and expanding its Work for Hire client base, which reflects a potential turning point in the industry. Cash levels remained stable within guidance despite restructuring costs, and management has effectively reduced overheads, positioning PlaySide to convert successful game launches into sustainable growth. The company remains optimistic about revenue growth and cost savings for FY26, although specific guidance will be provided closer to the launch of its upcoming game, MOUSE: P.I. For Hire.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

PlaySide Studios’ ‘MOUSE: P.I. For Hire’ Surpasses 1 Million Wishlists
Jul 3, 2025

PlaySide Studios announced that ‘MOUSE: P.I. For Hire,’ developed by Fumi Games and published by PlaySide, has surpassed one million wishlists across all platforms, becoming the 24th most wishlisted title on Steam. The game, featuring popular actor Troy Baker, is set to launch in 2025 and has garnered significant attention following its trailer release at the Summer Game Fest, driving over eight million views. This strong reception and media coverage suggest a promising launch, potentially making it a major revenue driver for PlaySide in FY26.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

PlaySide Studios to Launch ‘Game of Thrones: War for Westeros’ in 2026
Jun 10, 2025

PlaySide Studios, in collaboration with Warner Bros. Interactive Entertainment, announced the upcoming release of ‘Game of Thrones: War for Westeros,’ a premium real-time strategy game for PC set to launch globally in 2026. This game, inspired by the popular HBO series and George R.R. Martin’s novels, allows players to command iconic factions from the Game of Thrones universe in strategic battles. The announcement highlights PlaySide’s strategic move to leverage a globally recognized franchise, potentially enhancing its market position and expanding its reach within the gaming industry.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

PlaySide Studios Director Acquires 415,000 Shares
Jun 4, 2025

PlaySide Studios Limited has announced a change in the director’s interest, with Director Gae-Charles (Guy) Costantini acquiring 415,000 fully paid ordinary shares through on-market purchases. This acquisition, valued at approximately $59,234, signifies a potential increase in the director’s confidence in the company’s future performance and may influence stakeholder perceptions positively.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

PlaySide Studios Restructures to Focus on Key Projects Amid Leadership Changes
May 26, 2025

PlaySide Studios Ltd has completed a significant restructuring process, reducing its headcount from 334 to 265 to focus on its most promising projects, particularly the Game of Thrones RTS and MOUSE. The company aims to stabilize operations and improve morale through transparent communication and strategic changes, despite the unexpected resignation of co-founder Gerry Sakkas. The leadership team is committed to enhancing game development processes and engaging more meaningfully with shareholders, acknowledging the challenges of maintaining transparency due to non-disclosure agreements and competitive pressures.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.05 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

PlaySide Studios Director Increases Shareholding
May 7, 2025

PlaySide Studios Limited announced a change in the director’s interest, with Mark Goulopoulos acquiring 200,000 fully paid ordinary shares through an on-market purchase. This transaction increases his total shareholding to 67,046,834 shares, reflecting confidence in the company’s future prospects and potentially impacting investor sentiment positively.

Playside Studios Gains Substantial Holding in Own Shares
May 5, 2025

Playside Studios Limited has become a substantial holder of its own shares, with a 15.03% voting power due to restrictions on the disposal of shares under voluntary escrow arrangements with Gerry Sakkas. This technical ‘relevant interest’ does not grant Playside Studios the right to acquire or control the voting rights of these shares, indicating a strategic move to manage shareholding without altering control dynamics.

PlaySide Studios Announces Director Departure and Shareholding Details
May 5, 2025

PlaySide Studios Ltd announced the cessation of Gerry Sakkas as a director, effective May 5, 2025. Sakkas held 67,704,639 fully paid ordinary shares, with a significant portion subject to a 12-month voluntary escrow period, indicating a potential impact on shareholder dynamics and company governance.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 01, 2025