PLY.ASX: FY25 Results Media Release

FY25 Results Media Release

Stock	Playside Studios Ltd (PLY.ASX)
Release Time	27 Aug 2025, 8:48 a.m.
Price Sensitive	Yes

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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.