Playside Studios swings to $54.9M FY26 revenue
- PlaySide Studios delivered revenue of $54.9 million for the year ended June 30, beating its $50-$53 million guidance range.
- Following the financial report, the company's share price was up 4.55% to trade at $0.12.
- Management stated that the earnings recovery was driven by strong original intellectual property sales and reduced operating costs.
PlaySide Studios (ASX:PLY) reported an annual net profit after tax of $5.4 million for the 2026 financial year, reversing a net loss of $12.1 million from the previous period.
The developer returned to profitability despite facing external headwinds, including the conclusion of external contract work that saw external project revenue decline 37% to $20.2 million.
"We have expanded our business development team and global presence because we view current conditions as cyclical rather than structural, and we intend to be well positioned as demand recovers," said PlaySide Studios CEO Benn Skender.
The company recorded earnings before interest, tax, depreciation, and amortisation of $15.5 million alongside operating cash in-flows of $10.7 million, while capital reserves stood at $15.4 million at the end of June.
Following the announcement, the PlaySide Studios share price was up at $0.12.
The Australian game developer has increasingly shifted its commercial focus away from work-for-hire client projects towards its own proprietary game titles.
The strategic transition supported a 108% surge in original intellectual property revenue to $34.7 million for the 2026 financial year.
