Emerge Gaming Limited (AU:SP8)
ASX:SP8
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Emerge Gaming Limited
(Sydney:SP8)
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Rating:48Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:ReiteratedDate:02/28/26
The score is held back primarily by persistent operating losses and ongoing negative operating/free cash flow despite strong revenue growth and improving gross margin. Technical indicators are broadly neutral, and valuation support is limited due to the negative P/E and no dividend yield data.
Positive Factors
Revenue Growth
Sharp FY2025 revenue growth demonstrates accelerating adoption and scale in the company's online gaming offerings. Sustained high revenue growth provides room to leverage fixed costs, expand market share and fund product investment, supporting a durable path toward operating leverage.
Negative Factors
Persistent Operating Losses
Very large negative operating margins indicate the core business is currently loss-making at scale. Persistent losses erode shareholder equity, necessitate external funding, and make it harder to demonstrate sustainable profitability absent continued margin or revenue improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sharp FY2025 revenue growth demonstrates accelerating adoption and scale in the company's online gaming offerings. Sustained high revenue growth provides room to leverage fixed costs, expand market share and fund product investment, supporting a durable path toward operating leverage.
Read all positive factors
Emerge Gaming Limited (SP8) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$11.88M
Dividend YieldN/A
Average Volume (3M)5.83M
Price to Earnings (P/E)6.4
Beta (1Y)1.06
Revenue Growth201.07%
EPS Growth-69.23%
CountryAU
EmployeesN/A
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)0.00
Shares Outstanding1,320,210,700
10 Day Avg. Volume4,493,162
30 Day Avg. Volume5,833,796
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.63
Price to Sales (P/S)1.65
P/FCF Ratio-8.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Emerge Gaming Limited Business Overview & Revenue Model
Company Description
StreamPlay Studio Limited, a service and platform provider, specializes in the mobile game streaming, and music and video content across multiple regions worldwide. It owns and operates ArcadeX, a gaming and esports platform, where subscribers com...
How the Company Makes Money
Emerge Gaming Limited generates revenue primarily through its cloud-based gaming platforms, which offer subscription services, in-game purchases, and advertising opportunities. The company partners with game developers and publishers to host and p...
Emerge Gaming Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
28
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.45M | 1.81M | 1.76M | 671.22K | 251.83K |
| Gross Profit | 1.22M | 138.61K | 436.72K | 75.97K | 80.30K |
| EBITDA | -2.65M | -1.96M | -4.43M | 6.27M | -1.59M |
| Net Income | -1.82M | -1.54M | -3.45M | 6.78M | -1.25M |
Balance Sheet | |||||
| Total Assets | 21.33M | 16.42M | 18.22M | 22.44M | 24.95M |
| Cash, Cash Equivalents and Short-Term Investments | 7.73M | 14.35M | 15.40M | 17.87M | 15.88M |
| Total Debt | 1.90M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 7.18M | 1.37M | 1.86M | 3.16M | 12.90M |
| Stockholders Equity | 14.15M | 15.05M | 16.36M | 19.28M | 12.05M |
Cash Flow | |||||
| Free Cash Flow | -1.08M | -1.06M | -2.98M | 289.67K | 4.93M |
| Operating Cash Flow | -1.08M | -1.05M | -2.97M | 306.24K | 4.98M |
| Investing Cash Flow | -5.52M | 8.99M | -8.49M | 1.73M | -48.38K |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 8.81M |
Emerge Gaming Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$14.88M | 5.09 | -1.65% | ― | 12.07% | 98.72% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
55 Neutral | AU$20.49M | 53.33 | 0.58% | ― | -2.82% | ― | |
48 Neutral | AU$11.88M | 6.35 | -7.56% | ― | 201.07% | -69.23% | |
47 Neutral | AU$104.38M | 3.48 | 2.43% | ― | -24.66% | -206.50% | |
45 Neutral | AU$9.53M | -1.37 | -14.37% | ― | 8.20% | 37.20% | |
44 Neutral | AU$134.68M | -30.79 | -69.45% | ― | -15.18% | 89.75% |
* Communication Services Sector Average
AU:SP8
Emerge Gaming Limited
0.01
0.00
0.00%
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iCandy Interactive Ltd
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Emerge Gaming Limited Corporate Events
Streamplay Studio swings to profit on Noodlecake-fuelled revenue surge
Feb 26, 2026
Streamplay Studio Limited reported a sharp turnaround in its half-year results to 31 December 2025, with revenue surging 551% to $8.5 million and net profit after tax reaching $572,000, compared with a loss a year earlier. The performance was unde...
Streamplay Studio Swings to Profit on Noodlecake Boost and Regional Growth
Feb 26, 2026
Streamplay Studio Limited reported a sharp turnaround for the half-year to 31 December 2025, moving to a post-tax profit of $571,621 from a $177,809 loss a year earlier as revenue surged 85% to $8.5 million. The performance was driven primarily by...
Streamplay Studio Delivers Third Straight Cash-Flow Positive Quarter on Winter Burrow Surge
Jan 27, 2026
Streamplay Studio reported its third consecutive cash-flow positive quarter for the three months to 31 December 2025, generating about A$2.06 million in operating cash inflow on cash receipts of roughly A$3.86 million and closing the period with A...
Emerge Gaming Director Philip Re Awarded 30 Million Additional Performance Rights
Dec 31, 2025
Emerge Gaming Limited has disclosed a significant change in director Philip Re’s indirect interest in the company, with the grant of 30 million additional performance rights through the LPR Family Trust, taking his total holding to 34.5 mill...
Streamplay Studio Clears On-Sale of 38.8 Million New Shares Under Disclosure Exemption
Dec 24, 2025
Streamplay Studio Limited has issued 35 million fully paid ordinary shares approved by shareholders, along with a further 3.85 million fully paid ordinary shares to consultants in lieu of fees, and has notified the market that these securities wer...
Streamplay Studio Issues 150 Million Unquoted Performance Rights Under Incentive Scheme
Dec 24, 2025
Streamplay Studio Limited has notified the market of the issuance of 150 million unquoted performance rights under its employee incentive scheme, with an issue date of 24 December 2025. These securities, which will not be quoted on the ASX, unders...
Streamplay Studio Seeks ASX Quotation for 35 Million New Shares
Dec 24, 2025
Streamplay Studio Limited has applied to the ASX for quotation of 35 million new fully paid ordinary shares, following shareholder approval at its 27 November 2025 annual general meeting. The new securities, issued on 24 December 2025, will expand...
Streamplay Studio Trims Potential Equity Overhang as Rights and Options Lapse
Dec 24, 2025
Streamplay Studio Limited has announced the cessation of a series of performance rights and options, resulting in a reduction of its pool of potential future equity. A total of 9,002,646 performance rights lapsed after their conditions were not me...
Streamplay Studio Seeks ASX Quotation for Shares Issued in Lieu of Fees
Dec 24, 2025
Streamplay Studio Limited has applied to the ASX for quotation of 3,846,154 new fully paid ordinary shares, issued as consideration in lieu of fees. The move modestly increases the company’s listed capital base and reflects the use of equity...
Streamplay’s Winter Burrow Achieves A$3 Million in Revenue in 18 Days
Dec 1, 2025
Streamplay Studio Limited announced that its game Winter Burrow, published by its subsidiary Noodlecake, has generated approximately A$3 million in revenue within 18 days of its global launch across Xbox, Nintendo Switch, and Steam. This achieveme...
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.