PlaySide Studios Announces FY25 Results
Key points
- Revenue of $48.7m, down 25% from prior year
- Original IP revenue of $16.7m, down 45%
- Work for Hire revenue of $32.0m, down 7%
- EBITDA loss of $7.5m including $1.7m in restructuring charges
Full summary
PlaySide Studios Limited (PLY-ASX), Australia's largest video game developer and publisher, has announced its results for the financial year ended 30 June 2025. The company reported revenue of $48.7m, down 25% from the prior year, with Original IP revenue declining 45% to $16.7m and Work for Hire revenue decreasing 7% to $32.0m. The company incurred an EBITDA loss of $7.5m, including $1.7m in restructuring charges. Despite the financial challenges, the company had several operational highlights, including the successful launches of games such as Kill Knight, Dumb Ways: Free for All, Thrive: Heavy Lies the Crown, and Shattered. The company also announced the upcoming launch of Game of Thrones: War for Westeros, which has already generated significant interest. The CEO, Benn Skender, highlighted the company's focus on returning to a self-sustaining business model by streamlining its development slate and improving its processes.
Guidance
The company expects revenue to exceed FY25 with a reduction in operating costs in FY26, driven by the anticipated launch of the highly anticipated MOUSE: P.I. for Hire.
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