PLY.ASX: Meta Contract Update

Meta Contract Update

Stock	Playside Studios Ltd (PLY.ASX)
Release Time	1 Jun 2026, 9:53 a.m.
Price Sensitive	Yes

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Playside Studios Ltd Contract Termination with Meta

Key Points

Meta terminates outsourced development contracts with Playside Studios
Effective termination date is 31 July 2026
Expected revenue impact of A$4 million in FY27
Company's FY26 revenue guidance remains unchanged
Playside Studios initiates consultancy process with potential redundancies

Full Summary

PlaySide Studios Limited (PLY-ASX) has been informed by its client, Meta Platforms Technologies, LLC, that internal restructuring within Meta will result in the termination of PlaySide's outsourced development contracts on the Horizon Worlds social platform, effective 31 July 2026. The anticipated revenue impact from the loss of this work is approximately A$4 million in FY27. PlaySide's FY26 revenue guidance remains unchanged. The company's cash balance at 30 June 2026 is expected to be approximately A$14-15 million. Development progress on Game of Thrones: War for Westeros, MOUSE: P.I For Hire, and the Dew publishing agreement remains unaffected. PlaySide has initiated a consultancy process with several employees, which may result in redundancies to realign the company's cost base.

Guidance

Expected revenue impact of A$4 million in FY27

Outlook

PlaySide Studios is focused on rebuilding its External Projects pipeline and strengthening its business to absorb and respond to the current situation.