PLY.ASX: Meta Contract Extension

Meta Contract Extension

Stock	Playside Studios Ltd (PLY.ASX)
Release Time	9 Oct 2025, 8:43 a.m.
Price Sensitive	Yes

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PlaySide Studios Extends Meta Contract

Key Points

12-month extension of existing Work for Hire contract with Meta Platforms
Contract extension to continue through December 2026 on substantially the same terms
Management reconfirms expectation of FY26 revenue exceeding FY25 (A$48.7m) with reduced operating costs

Full Summary

PlaySide Studios (PLY-ASX) has announced that it has signed a 12-month extension of its existing Work for Hire contract with Meta Platforms Technologies, LLC, relating to its development work on the Horizon Worlds social platform. The latest extension will continue through to December 2026 on substantially the same terms as the previous extension announced in June 2024. Management has reconfirmed its expectation that FY26 revenue will exceed FY25 (A$48.7m) with a reduction in operating costs. Investors are advised to refer to the Company's FY25 Results Investor Presentation released to the ASX on 27 August 2025 for more information.

Guidance

Management reconfirms expectation that FY26 revenue will exceed FY25 (A$48.7m) with a reduction in operating costs.