• Revenue down 24% to $51.9m
• EBITDA loss of $7.5m
• Net loss of $12.1m
• Strong pipeline of new IP and publishing titles

PlaySide Studios Limited reported a 24% decline in total revenue to $51.9m for the year ended 30 June 2025, down from $68.3m in the prior year. This was driven by a 45% decrease in revenue from PlaySide's original IP and a 7% decline in work-for-hire revenue. The company reported an EBITDA loss of $7.5m, compared to a $17.5m EBITDA profit in the prior year. This was primarily due to the revenue decline and an increase in selling expenses, including higher user acquisition and marketing spend. PlaySide recorded a statutory net loss after tax of $12.1m, a $23.4m decline from the $11.3m profit reported in FY24. The company ended the year with net cash of $13.5m, down from $37.1m at the start of the period, after investing $14.4m in game development and $0.8m in property, plant and equipment. Despite the financial challenges, PlaySide highlighted several key business opportunities, including the development of three major original IP and licensed IP titles expected to launch from FY26 onwards, as well as ongoing work-for-hire contracts and publishing deals.

PlaySide continues to explore opportunities for new original IP, licensed IP, and publishing deals, which the company believes have the potential to create a significant change in its revenue and earnings from FY26 onwards.