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Playside Studios Ltd
(Sydney:PLY)
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Rating:64Neutral
Price Target:
AU$0.10
▼(-18.33% Downside)
Action:Reiterated
Date:10/15/26
The score is driven mainly by improving financial performance (FY2026 revenue growth, return to profitability, and low leverage) and a supportive low P/E valuation. These positives are tempered by weak technicals (downtrend across major moving averages, negative MACD) and the company’s recent volatility in earnings and cash flows.
Positive Factors
Revenue Rebound
The strong FY2026 revenue rebound indicates renewed demand for Playside’s games and development activities. If sustained, higher revenue can improve operating leverage, support continued investment in intellectual property, and strengthen the company’s ability to scale its portfolio over the next several quarters.
Negative Factors
Choppy Revenue and Earnings Profile
The sharp swing from contraction to strong growth, together with changing profitability, shows that Playside’s financial performance remains uneven. Such variability makes forward planning less predictable and means sustained improvement will depend on maintaining demand across owned titles and development activities.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The strong FY2026 revenue rebound indicates renewed demand for Playside’s games and development activities. If sustained, higher revenue can improve operating leverage, support continued investment in intellectual property, and strengthen the company’s ability to scale its portfolio over the next several quarters.
Read all positive factors
Playside Studios Ltd (PLY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$43.11M
Dividend YieldN/A
Average Volume (3M)129.24K
Price to Earnings (P/E)7.7
Beta (1Y)2.00
Revenue Growth12.69%
EPS GrowthN/A
CountryAU
Employees364
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)0.01
Shares Outstanding453,834,630
10 Day Avg. Volume124,044
30 Day Avg. Volume129,243
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)1.12
Price to Sales (P/S)1.10
P/FCF Ratio5.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.32Price Target Upside162.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.02
Revenue Forecast (FY)AU$44.85M
Playside Studios Ltd Business Overview & Revenue Model
Company Description
PlaySide Studios Limited is an Australian developer crafting video games for mobile, personal computer, and console systems. The company's diverse range of titles includes both original intellectual property released under its own label and collab...
How the Company Makes Money
Playside Studios makes money primarily through (1) revenue generated from its own games and (2) fees earned from providing game development services to third parties.
1) Publishing and operating its own games (first-party titles)
- Game sales: Re...
Playside Studios Ltd Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
78
Positive
Cash Flow
56
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 54.88M | 48.70M | 64.64M | 38.45M | 29.24M |
| Gross Profit | 47.33M | 48.70M | 64.64M | 38.45M | 29.24M |
| EBITDA | 7.18M | -6.64M | 15.38M | -2.84M | 5.85M |
| Net Income | 5.38M | -12.11M | 11.31M | -6.97M | 4.85M |
Balance Sheet | |||||
| Total Assets | 78.40M | 55.43M | 69.15M | 48.22M | 54.60M |
| Cash, Cash Equivalents and Short-Term Investments | 15.44M | 13.48M | 37.44M | 32.20M | 37.91M |
| Total Debt | 6.23M | 1.17M | 2.04M | 1.68M | 2.10M |
| Total Liabilities | 24.36M | 16.14M | 17.95M | 9.41M | 9.63M |
| Stockholders Equity | 54.04M | 39.29M | 51.19M | 38.81M | 44.97M |
Cash Flow | |||||
| Free Cash Flow | 10.57M | -22.53M | 6.48M | -5.25M | 542.00K |
| Operating Cash Flow | 10.75M | -7.33M | 18.08M | -1.60M | 7.62M |
| Investing Cash Flow | -22.07M | -15.20M | -11.79M | -3.64M | -7.13M |
| Financing Cash Flow | 12.99M | -872.00K | -763.00K | -429.00K | 26.47M |
Playside Studios Ltd Technical Analysis
Neutral
0.12
Price Trends
0.11
Negative
0.11
Negative
0.18
Negative
Market Momentum
>-0.01
Negative
48.77
Neutral
100.00
Negative
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 0.12 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.11, and below the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.77 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, 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
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$43.11M | 7.72 | 9.78% | ― | 12.69% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | AU$90.96M | 40.91 | 2.67% | 3.70% | 39.72% | ― | |
53 Neutral | AU$7.99M | -5.00 | -17.92% | ― | 153.17% | 27.27% | |
48 Neutral | AU$5.63M | -0.82 | -40.37% | ― | 7.98% | -54.37% | |
43 Neutral | AU$97.01M | -6.97 | -20.44% | ― | -56.48% | -269.38% | |
42 Neutral | AU$34.67M | -10.86 | -231.79% | ― | 1720.43% | 25.58% |
* Communication Services Sector Average
AU:PLY
Playside Studios Ltd
0.10
-0.15
-60.42%
AU:SHO
SportsHero Limited
0.04
>-0.01
-5.00%
AU:SEG
Sports Entertainment Group Limited
0.27
0.02
8.87%
AU:SP8
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0.01
0.00
0.00%
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Pentanet Ltd
0.01
-0.01
-51.85%
AU:FTI
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0.28
0.13
86.67%
Playside Studios Ltd Corporate Events
PlaySide Sets AGM Date and Director Nomination Deadline
Sep 17, 2026
PlaySide Studios has scheduled its Annual General Meeting for Thursday, 19 November 2026, in line with ASX listing requirements. The meeting will include key governance business, notably the re-election and appointment of directors, underscoring r...
PlaySide Studios Lapses 1.17 Million Performance Rights After Conditions Not Met
Sep 3, 2026
PlaySide Studios Limited has notified the ASX of the cessation of 1,172,499 performance rights, which lapsed after their vesting conditions were not met or became incapable of being satisfied. The lapse of these performance rights reduces the comp...
PlaySide Studios Relocates Registered Office to Melbourne Docklands
Aug 31, 2026
PlaySide Studios Limited has announced a change to its registered office and principal place of business, effective 1 September 2026, relocating its corporate headquarters to Level 2, 850 Collins Street in Docklands, Victoria. The move formalizes ...
PlaySide’s Game of Thrones RTS Gains Strong Traction After gamescom Reveal
Aug 30, 2026
PlaySide Studios has reported strong early momentum for its upcoming PC real-time strategy title Game of Thrones: War for Westeros, following the game’s official gameplay reveal at gamescom Opening Night Live in Cologne. The licensed Game of...
PlaySide Studios Swings to Profit as Original IP Surges on Record Game Launch
Aug 19, 2026
PlaySide Studios reported revenue of $54.9 million for the year to 30 June 2026, ahead of guidance and up 13% year-on-year, driven by a 108% surge in original IP revenue to $34.7 million. External projects revenue fell 37% to $20.2 million, but th...
PlaySide Studios Files Updated Corporate Governance Statement with ASX
Aug 19, 2026
PlaySide Studios Limited has released its updated corporate governance statement for the financial year ended 30 June 2026, confirming full adherence to key ASX Corporate Governance Council principles. The statement, approved by the board as at 20...
PlaySide corrects ASX filing lapse on employee share scheme
Jul 22, 2026
PlaySide Studios Limited has acknowledged an administrative oversight in failing to lodge required Appendix 2A forms with the ASX when transfer restrictions ceased on shares issued under its $1,000 Tax Exempt Restricted Shares Scheme. The company ...
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.