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Emerge Gaming Limited
(Sydney:SP8)
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Rating:53Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by improving financial momentum—rapid revenue scaling, stronger cash flow, and very low leverage—tempered by continued losses, negative returns, and notably weaker gross margins. With no usable technical signals and a negative P/E, the risk/quality balance remains mixed.
Positive Factors
Rapid revenue scaling
Revenue expansion of this magnitude indicates meaningful commercial traction and a substantially larger operating base. If the company can retain customers and improve economics at scale, the enlarged revenue platform could support stronger cash generation and eventual operating leverage over the next several quarters.
Negative Factors
Severe gross-margin compression
A sharp margin decline means the larger revenue base is currently producing limited gross profit, weakening the economic benefit of growth. Unless margins recover, low contribution from sales can constrain reinvestment, reduce operating leverage, and make sustainable profitability difficult to achieve.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid revenue scaling
Revenue expansion of this magnitude indicates meaningful commercial traction and a substantially larger operating base. If the company can retain customers and improve economics at scale, the enlarged revenue platform could support stronger cash generation and eventual operating leverage over the next several quarters.
Read all positive factors
Emerge Gaming Limited (SP8) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.65M
Dividend YieldN/A
Average Volume (3M)2.62M
Price to Earnings (P/E)―
Beta (1Y)0.69
Revenue Growth143.65%
EPS Growth45.45%
CountryAU
Employees51
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,331,254,400
10 Day Avg. Volume433,847
30 Day Avg. Volume2,618,220
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)1.29
Price to Sales (P/S)1.19
P/FCF Ratio6.90
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
Headquartered in Sydney, Australia, StreamPlay Studio Limited functions as a global service and platform provider. Its core business revolves around mobile game streaming, complemented by music and video content delivery. A significant asset is Ar...
How the Company Makes Money
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Emerge Gaming Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
68
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.65M | 13.28M | 5.45M | 1.81M | 1.76M | 671.22K |
| Gross Profit | 3.03M | 817.74K | 1.22M | 138.61K | 436.72K | 75.97K |
| EBITDA | -177.39K | -569.61K | -2.65M | -1.96M | -4.43M | 6.27M |
| Net Income | -1.07M | -2.37M | -1.82M | -1.54M | -3.45M | 6.78M |
Balance Sheet | ||||||
| Total Assets | 20.55M | 16.28M | 21.33M | 16.42M | 18.22M | 22.44M |
| Cash, Cash Equivalents and Short-Term Investments | 8.55M | 5.77M | 7.73M | 14.35M | 15.40M | 17.87M |
| Total Debt | 144.28K | 70.08K | 1.90M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 6.36M | 4.05M | 7.18M | 1.37M | 1.86M | 3.16M |
| Stockholders Equity | 14.19M | 12.24M | 14.15M | 15.05M | 16.36M | 19.28M |
Cash Flow | ||||||
| Free Cash Flow | 1.66M | 2.29M | -1.08M | -1.06M | -2.98M | 289.67K |
| Operating Cash Flow | 1.66M | 2.29M | -1.08M | -1.05M | -2.97M | 306.24K |
| Investing Cash Flow | -6.88M | -4.20M | -5.52M | 8.99M | -8.49M | 1.73M |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Emerge Gaming Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | AU$56.73M | 10.16 | 9.78% | ― | 12.69% | ― | |
56 Neutral | AU$52.55M | -12.38 | -5.95% | ― | -7.18% | -152.50% | |
53 Neutral | AU$10.65M | -6.67 | -17.92% | ― | 143.65% | 45.45% | |
51 Neutral | AU$9.10M | -1.32 | -40.37% | ― | 7.98% | -54.37% | |
51 Neutral | AU$275.60M | -19.90 | -20.44% | ― | -56.48% | -12.92% | |
50 Neutral | AU$50.98M | -16.00 | -221.94% | ― | 1720.43% | 18.60% |
* Communication Services Sector Average
AU:SP8
Emerge Gaming Limited
0.01
0.00
0.00%
AU:SHO
SportsHero Limited
0.06
0.02
40.00%
AU:5GG
Pentanet Ltd
0.02
>-0.01
-19.23%
AU:PLY
Playside Studios Ltd
0.13
-0.09
-41.86%
AU:FTI
Mighty Kingdom Ltd
0.80
0.63
357.14%
AU:AIM
Ai-Media Technologies Limited
0.25
-0.35
-58.33%
Emerge Gaming Limited Corporate Events
Streamplay Studio Revenue Surges but Losses Persist in FY2026
Aug 31, 2026
Streamplay Studio Limited reported a strong jump in revenue for the year ended 30 June 2026, with ordinary activities income rising 144% to $13.3 million. Despite this growth, the company remained loss-making, although its loss after tax attributa...
Streamplay’s Noodlecake expands indie partnership as Flick Shot Rogues goes mobile
Aug 23, 2026
Streamplay’s Noodlecake Studios has expanded its partnership with German indie developer Butter By The Fish, signing a publishing agreement for Monkey Brain, a new physics-based roguelike currently in development for PC and now available to ...
Streamplay Studio Grants Over 11 Million Shares in Equity-Based Compensation
Aug 14, 2026
Streamplay Studio Limited has issued 11,043,671 fully paid ordinary shares to its employees and consultants in lieu of bonuses and fees, formalising the equity-based compensation through a share issue that requires no disclosure under Part 6D.2 of...
Streamplay Studio Seeks ASX Quotation for Employee and Consultant Share Issuance
Aug 14, 2026
Streamplay Studio Limited, an ASX-listed company in the gaming and digital entertainment space, issues ordinary fully paid shares under ticker SP8. The firm leverages its listed equity to compensate staff and advisors, integrating share-based ince...
Streamplay’s Winter Burrow Hits A$5.7m as Mobile Launch Looms
Jul 21, 2026
Winter Burrow, published by Streamplay’s subsidiary Noodlecake Studios, has generated approximately A$5.7 million in cumulative gross revenue since its November 2025 launch across Steam, Xbox and Nintendo Switch. The title has recorded more ...
Streamplay’s Noodlecake Deepens Premium PC and Console Push with New Sequence Break Deal
Jun 16, 2026
Streamplay’s Noodlecake Studios has signed a publishing and development support agreement with independent studio Sequence Break for “Project DS,” a new premium single-player and co-op title in development for PC and console. The...
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.