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Playside Studios Ltd (AU:PLY)
ASX:PLY
Australian Market

Playside Studios Ltd (PLY) AI Stock Analysis

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AU:PLY

Playside Studios Ltd

(Sydney:PLY)

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Neutral 48 (OpenAI - 4o)
Rating:48Neutral
Price Target:
AU$0.24
▲(8.18% Upside)
Playside Studios Ltd's overall stock score reflects significant financial challenges, including declining revenue and severe cash flow issues, which are the most impactful factors. While technical indicators show some short-term bullish momentum, the negative P/E ratio and lack of dividend yield highlight valuation concerns. Strategic improvements are needed for future stability.
Positive Factors
Strong Gross Profit Margin
A strong gross profit margin indicates efficient cost management in production, allowing Playside Studios to potentially reinvest in growth and innovation.
Low Leverage
Minimal leverage risk provides financial stability and flexibility, enabling the company to navigate economic fluctuations without significant debt burden.
Diverse Revenue Streams
Diverse revenue streams reduce dependency on a single source, enhancing resilience against market changes and supporting long-term growth.
Negative Factors
Declining Revenue
A significant decline in revenue growth suggests challenges in market demand or competitive positioning, potentially impacting future profitability.
Negative Profitability
Negative profitability indicates operational inefficiencies and challenges in cost management, which could hinder sustainable growth and investor confidence.
Severe Cash Flow Issues
Severe cash flow issues highlight liquidity concerns, limiting the company's ability to invest in new projects and manage day-to-day operations effectively.

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 generates revenue primarily through the sale of its video games across various platforms, including mobile app stores and console marketplaces. The company employs a model that includes direct sales of games, in-app purchases, and downloadable content (DLC), which enhance user engagement and provide additional revenue opportunities. Furthermore, Playside collaborates with strategic partners and publishers to expand its market reach and leverage co-marketing initiatives, contributing to increased visibility and sales. The company may also explore licensing agreements and collaborations for merchandise related to its popular game titles, adding another layer to its revenue streams.

Playside Studios Ltd Financial Statement Overview

Summary
Playside Studios Ltd faces significant financial challenges with declining revenue, negative profitability, and severe cash flow issues. Despite a strong gross profit margin and low leverage, these factors pose substantial risks.
Income Statement
45
Neutral
Playside Studios Ltd has shown fluctuating revenue growth with a recent decline of 14.45% in the latest year. The company has consistently maintained a high gross profit margin of 100%, but profitability is a concern with negative net profit margins and EBIT margins in the latest period. The negative margins indicate challenges in managing operational costs and achieving profitability.
Balance Sheet
55
Neutral
The balance sheet reflects a strong equity position with a low debt-to-equity ratio of 0.03, indicating minimal leverage risk. However, the negative return on equity of -30.81% in the latest year suggests inefficiencies in generating returns on shareholder investments. The equity ratio remains healthy, showing a stable asset base.
Cash Flow
30
Negative
Cash flow analysis reveals significant challenges, with a drastic decline in free cash flow growth of -552.52% and negative operating cash flow. The free cash flow to net income ratio is high at 3.07, indicating reliance on non-operational cash flow sources. These factors highlight liquidity concerns and potential cash management issues.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue56.92M48.70M64.64M38.45M29.24M10.88M
Gross Profit56.92M48.70M64.64M38.45M29.24M10.88M
EBITDA-3.07M-6.64M15.38M-2.84M5.85M-6.25M
Net Income-2.97M-12.11M11.31M-6.97M4.85M-5.88M
Balance Sheet
Total Assets63.13M55.43M69.15M48.22M54.60M17.66M
Cash, Cash Equivalents and Short-Term Investments28.53M13.48M37.44M32.20M37.91M11.23M
Total Debt1.61M1.17M2.04M1.68M2.10M1.46M
Total Liabilities17.30M16.14M17.95M9.41M9.63M4.97M
Stockholders Equity45.83M39.29M51.19M38.81M44.97M12.70M
Cash Flow
Free Cash Flow4.98M-22.53M6.48M-5.25M542.00K-4.23M
Operating Cash Flow6.38M-7.33M18.08M-1.60M7.62M-3.83M
Investing Cash Flow-14.23M-15.20M-11.79M-3.64M-7.13M-2.19M
Financing Cash Flow-835.00K-872.00K-763.00K-429.00K26.47M16.63M

Playside Studios Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.22
Price Trends
50DMA
0.22
Positive
100DMA
0.21
Positive
200DMA
0.19
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
52.37
Neutral
STOCH
35.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PLY, the sentiment is Positive. The current price of 0.22 is above the 20-day moving average (MA) of 0.21, above the 50-day MA of 0.22, and above the 200-day MA of 0.19, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.37 is Neutral, neither overbought nor oversold. The STOCH value of 35.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PLY.

Playside Studios Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
AU$53.81M35.3823.87%18.95%1200.00%
60
Neutral
$48.67B4.58-11.27%4.14%2.83%-41.78%
57
Neutral
AU$20.49M53.33-2.82%
54
Neutral
AU$17.41M-550.00-1.65%12.07%98.72%
48
Neutral
AU$99.61M-7.46-26.76%-24.66%-206.50%
44
Neutral
AU$12.81M-4.55-19.65%201.07%-69.23%
38
Underperform
AU$29.60M-5.62-53.59%-15.18%89.75%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PLY
Playside Studios Ltd
0.22
-0.18
-45.00%
AU:SP8
Emerge Gaming Limited
0.01
0.00
0.00%
AU:FTI
Mighty Kingdom Ltd
0.20
0.01
5.26%
AU:MXO
Motio Limited
0.06
0.02
50.00%
AU:PPL
Pureprofile Ltd.
0.05
0.02
66.67%
AU:ICI
iCandy Interactive Ltd
0.02
0.00
0.00%

Playside Studios Ltd Corporate Events

PlaySide Studios Appoints New CFO to Drive Strategic Growth
Dec 1, 2025

PlaySide Studios has announced the appointment of Mr. Colin Lai as the new Chief Financial Officer and Company Secretary, effective March 2, 2026, following the retirement of Mr. Darren Briggs. Colin Lai brings 15 years of experience in finance and governance from ASX-listed and multinational organizations, and his role is seen as pivotal in supporting PlaySide’s strategic initiatives in Original IP and scaling its External Projects division, aiming for sustainable growth in earnings and cash flow.

Playside Studios Issues New Performance Rights to Employees
Nov 3, 2025

Playside Studios Ltd has announced the issuance of 2,631,581 unquoted performance rights under an employee incentive scheme. This move is part of the company’s strategy to motivate and retain talent, potentially enhancing its operational capabilities and competitive positioning in the gaming industry.

PlaySide Studios Director Increases Stake Through Private Placement
Oct 28, 2025

PlaySide Studios Limited has announced a change in the director’s interest, with Cristiano Nicolli acquiring 250,000 fully paid ordinary shares through a private placement. This acquisition, approved by shareholders at the recent AGM, increases Nicolli’s total holdings to 929,019 shares, reflecting a strategic move to strengthen his investment in the company.

Playside Studios Announces Quotation of New Securities on ASX
Oct 28, 2025

Playside Studios Ltd has announced the quotation of 650,000 ordinary fully paid securities on the ASX, effective from October 28, 2025. This move is part of previously announced transactions, potentially impacting the company’s market presence and providing opportunities for stakeholders to engage with the company’s growth trajectory.

PlaySide Studios Expands Dumb Ways Franchise with New Game and Fortnite Collaboration
Oct 24, 2025

PlaySide Studios announced the upcoming release of ‘Dumb Ways to Party,’ a new multiplayer party game set in the Dumb Ways to Die universe, during the Galaxies Gaming Showcase. The game, which will be released in 2026, marks the franchise’s first expansion onto PC and consoles. Additionally, PlaySide revealed a limited-time collaboration with Fortnite, offering players who purchase the game via the Epic Games Store exclusive in-game rewards. This announcement highlights PlaySide’s strategic expansion into new gaming platforms and collaborations, potentially enhancing its market presence and offering new opportunities for stakeholder engagement.

PlaySide Studios 2025 AGM: Resolutions Passed with Strong Support
Oct 22, 2025

PlaySide Studios Ltd held its 2025 Annual General Meeting, where all resolutions on the agenda were successfully carried. Key resolutions included the adoption of the remuneration report, election and re-election of directors, and approval of director participation in share placements. The results indicate strong shareholder support, which could positively impact the company’s governance and strategic initiatives moving forward.

PlaySide Studios Restructures Amid Financial Challenges to Focus on IP Growth
Oct 21, 2025

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.

PlaySide Studios Extends Contract with Meta, Projects Revenue Growth
Oct 8, 2025

PlaySide Studios has announced a 12-month extension of its Work for Hire contract with Meta Platforms Technologies for development work on the Horizon Worlds social platform, extending the partnership until December 2026. This extension is expected to positively impact PlaySide’s financial performance, with management anticipating FY26 revenue to surpass FY25’s A$48.7 million while reducing operating costs, indicating a strong market position and potential growth for stakeholders.

PlaySide Studios Announces Virtual Annual General Meeting for 2025
Sep 9, 2025

PlaySide Studios Ltd has announced its Annual General Meeting (AGM) scheduled for October 22, 2025, which will be conducted virtually. The meeting will provide shareholders the opportunity to engage with the company’s leadership, including a presentation by the CEO and the Chairman, addressing frequently raised questions. This AGM is significant as it allows shareholders to participate in the decision-making process and stay informed about the company’s strategic direction.

PlaySide Studios Director Increases Shareholding
Sep 8, 2025

PlaySide Studios Limited announced a change in the director’s interest, with Sophie Karzis acquiring an additional 150,000 fully paid ordinary shares through the Share Purchase Plan, increasing her indirect holdings to 250,000 shares. This acquisition reflects confidence in the company’s future prospects and may influence investor perception positively, potentially impacting the company’s stock performance.

PlaySide Studios Director Increases Shareholding
Sep 8, 2025

PlaySide Studios Limited announced a change in the director’s interest, with Sophie Karzis acquiring 150,000 fully paid ordinary shares through a Share Purchase Plan, bringing her total indirect holding to 250,000 shares. This acquisition reflects confidence in the company’s future prospects and may influence stakeholder perceptions, potentially impacting the company’s market positioning and investor relations.

PlaySide Studios Director Increases Shareholding
Sep 8, 2025

PlaySide Studios Limited announced a change in the director’s interest, with Aaron Pasias acquiring an additional 150,000 fully paid ordinary shares through a Share Purchase Plan. This acquisition increases his total holdings to 66,650,000 shares, reflecting a strategic move that may influence the company’s shareholder dynamics and potentially impact its market positioning.

Playside Studios Announces Quotation of New Securities
Sep 7, 2025

Playside Studios Ltd has announced the application for quotation of 9,125,000 ordinary fully paid securities on the ASX, effective September 8, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and provide additional capital for its operations, potentially impacting its industry positioning and stakeholder interests.

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: Nov 28, 2025