• Revenue of $48.5-49.0m, slightly lower than previous guidance
• EBITDA loss of $7.2-7.7m, including $1.6m in restructuring costs
• Cash balance of $13.4-13.6m, within guidance range

PlaySide Studios has reported its unaudited financial results for the year ended 30 June 2025. Revenue for the period was $48.5-49.0 million, slightly lower than the previous guidance of $50-54 million. Original IP revenue was $16.5-16.8 million, compared to the previous guidance of $17-18 million, while Work for Hire revenue was $32.0-32.2 million, compared to the previous guidance of $33-36 million. The company reported an EBITDA loss (including $1.6 million of restructuring costs) of $7.2-7.7 million, within the previous guidance range of a $6-10 million loss. The cash balance at 30 June was $13.4-13.6 million, also within the previous guidance range of $10-15 million. The company noted that the revenue variance was due to the cancellation of several smaller titles that were either in soft launch or late-stage development, following a restructure in April. While PlaySide won some small extensions to existing Work for Hire contracts, it also experienced delays in sales cycles for new opportunities. However, the company continues to progress discussions on several large contracts and has secured two smaller opportunities with new clients in the last four weeks. Management is confident that the company remains well-placed to convert these opportunities into longer-term contracts, and that the recent restructuring has left PlaySide well-positioned to convert successful game launches into sustainable growth in revenue and cash flow. While the company will not provide explicit FY26 guidance until closer to the launch of MOUSE: P.I. For Hire, management is confident of delivering revenue growth and operating cost savings relative to FY25.

Revenue of $48.5-49.0m, EBITDA loss (incl. $1.6m of restructuring costs) of $7.2-7.7m, Cash balance of $13.4-13.6m (FY25)

Management is confident of delivering revenue growth and operating cost savings relative to FY25, but will not provide explicit FY26 guidance until closer to the launch of MOUSE: P.I. For Hire.