Emerge Gaming Limited (AU:SP8)
ASX:SP8
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Emerge Gaming Limited
(Sydney:SP8)
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Rating:50Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:Reiterated
Date:04/29/26
The score is held back primarily by persistent operating losses and negative free cash flow despite strong revenue growth. A supportive balance sheet and a low P/E provide some offset, while technical indicators are largely neutral.
Positive Factors
High Revenue Growth
Sustained, large top-line expansion (166% YoY to ~$5.45M) signals meaningful product-market traction and user adoption. Over a 2–6 month horizon this underpins scalable unit economics potential and increases the opportunity to leverage fixed costs toward improved operating leverage.
Negative Factors
Persistent Operating Losses
Deep, recurring operating losses (EBIT ~-52%) show the business model has not yet converted revenue scale into profitability. Persistently negative margins limit the firm's ability to self-fund growth and indicate structural cost or monetization gaps that must be closed for durable financial health.
Read all positive and negative factors
Positive Factors
Negative Factors
High Revenue Growth
Sustained, large top-line expansion (166% YoY to ~$5.45M) signals meaningful product-market traction and user adoption. Over a 2–6 month horizon this underpins scalable unit economics potential and increases the opportunity to leverage fixed costs toward improved operating leverage.
Read all positive factors
Emerge Gaming Limited (SP8) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$12.54M
Dividend YieldN/A
Average Volume (3M)5.83M
Price to Earnings (P/E)6.4
Beta (1Y)0.59
Revenue Growth516.43%
EPS Growth-1500.00%
CountryAU
Employees51
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
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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$14.56M | 5.09 | 16.87% | ― | -16.26% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
55 Neutral | AU$201.58M | -30.79 | -69.45% | ― | -22.98% | 95.85% | |
52 Neutral | AU$111.19M | 3.48 | 2.43% | ― | -28.64% | ― | |
50 Neutral | AU$12.54M | 6.35 | -7.56% | ― | 516.43% | -1500.00% | |
46 Neutral | AU$7.80M | -1.37 | -14.37% | ― | 8.86% | 58.02% |
* Communication Services Sector Average
AU:SP8
Emerge Gaming Limited
0.01
0.00
0.00%
AU:5GG
Pentanet Ltd
0.02
-0.02
-45.45%
AU:PLY
Playside Studios Ltd
0.24
0.10
71.43%
AU:FTI
Mighty Kingdom Ltd
0.63
0.57
950.00%
AU:MXO
Motio Limited
0.05
0.01
35.29%
Emerge Gaming Limited Corporate Events
Streamplay Studio posts solid cash flows as Noodlecake pipeline and platform expansion underpin growth
Apr 27, 2026
Streamplay reported quarterly cash receipts of about A$2.54 million and its fourth consecutive quarter of positive operating cash flow, supported by stable recurring platform revenues and strong contributions from Noodlecake’s publishing ope...
Streamplay Studio Denies Any Undisclosed News Behind Share Trading Spike
Apr 22, 2026
Streamplay Studio Limited has responded to an ASX price and volume query, stating it is not aware of any undisclosed information that could explain the recent trading activity in its securities. The company also confirmed there is no other explana...
Streamplay Studio Issues 100 Million Unlisted Options at $0.015
Apr 21, 2026
Streamplay Studio Limited has announced the issuance of 100,000,000 unlisted options, exercisable at $0.015 each and expiring three years from the date of issue. The options, which are unquoted securities, expand the company’s capital struct...
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...
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.