Skip to main content
TipRanks
Go Ultimate75% OFF

Emerge Gaming Limited (SP8) AI Stock Analysis

3 Followers
AU:SP8

Emerge Gaming Limited

(ASX:SP8)

Select Model
Rating:53Neutral
Price Target:AUD 0.01▲(66.67% 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 scalingRevenue 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 compressionA 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.

Emerge Gaming Limited (SP8) vs. iShares MSCI Australia ETF (EWA)

-5%0%5%10%15%20%25%AU:SP80.00%EWA+17.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
AUD 6.66M
Dividend Yield
―
Average Volume (3M)
―
Price to Earnings (P/E)
-4.2
Beta (1Y)
0.64
Revenue Growth
153.17%
EPS Growth
27.27%
Country
Australia
Employees
51
Sector
Communication Services
Sector Strength
60
Industry
Electronic Gaming & Multimedia

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 Arcad...

How the Company Makes Money

null

Emerge Gaming Limited Financial Statement Overview

Summary

Strong top-line growth and a meaningful FY2026 rebound to positive operating/free cash flow support the score, and leverage is very low. Offsetting this, profitability remains weak with continued net losses, negative ROE, and a sharp FY2026 gross margin compression, which limits confidence in sustainable earnings power.

Income Statement

34Negative

Balance Sheet

68Positive

Cash Flow

55Neutral
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue13.28M13.28M5.45M1.81M1.76M671.22K
Gross Profit817.74K817.74K1.22M138.61K436.72K75.97K
EBITDA-569.61K-569.61K-2.65M-1.96M-4.43M6.27M
Net Income-2.37M-2.37M-1.82M-1.54M-3.45M6.78M
Balance Sheet
Total Assets16.28M16.28M21.33M16.42M18.22M22.44M
Cash, Cash Equivalents and Short-Term Investments5.77M5.77M7.73M14.35M15.40M17.87M
Total Debt70.08K70.08K1.90M000
Total Liabilities4.05M4.05M7.18M1.37M1.86M3.16M
Stockholders Equity12.24M12.24M14.15M15.05M16.36M19.28M
Cash Flow
Free Cash Flow2.13M2.29M-1.08M-1.06M-2.98M289.67K
Operating Cash Flow2.15M2.29M-1.08M-1.05M-2.97M306.24K
Investing Cash Flow-4.13M-4.20M-5.52M8.99M-8.49M1.73M
Financing Cash Flow-69.62K00000

Emerge Gaming Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (60)

Financial Indicators

AU:SP8 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *60Neutral$48.67B4.58-11.27%4.14%2.83%-41.78%
AU:PLYAU:PLY58NeutralAUD 43.11M7.729.78%―12.69%―
AU:SP8AU:SP853NeutralAUD 6.66M-4.17-17.92%―153.17%27.27%
AU:AIMAU:AIM50NeutralAUD 43.09M-10.15-5.95%―-7.18%-152.50%
AU:5GGAU:5GG48NeutralAUD 5.20M-0.75-40.37%―7.98%-54.37%
AU:SHOAU:SHO44NeutralAUD 29.20M-9.14-231.79%―1720.43%25.58%
AU:FTIAU:FTI43NeutralAUD 126.87M-7.96-20.44%―-56.48%-269.38%

* Communication Services Sector Average

Performance Comparison

0%100%200%300%AU:SP8AU:SHOAU:5GGAU:PLYAU:FTIAU:AIMDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AU:SP8 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:SP8Emerge Gaming Limited0.010.000.00%
AU:SHOSportsHero Limited0.03-0.00-11.11%
AU:5GGPentanet Ltd0.01-0.01-52.00%
AU:PLYPlayside Studios Ltd0.10-0.12-55.81%
AU:FTIMighty Kingdom Ltd0.320.0833.33%
AU:AIMAi-Media Technologies Limited0.20-0.60-74.38%

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 attributable...

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 wishlist...

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 th...

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 incenti...

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 than 700,...

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 deal formalises a mi...

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: Sep 06, 2026