PlaySide Studios Limited

ASX:PLY Stock Report

Market Cap: AU$124.8m

PlaySide Studios Future Growth

Future criteria checks 4/6

PlaySide Studios is forecast to grow earnings and revenue by 26.3% and 14.2% per annum respectively. EPS is expected to grow by 25.4% per annum. Return on equity is forecast to be 16.5% in 3 years.

Key information

26.3%

Earnings growth rate

25.37%

EPS growth rate

Entertainment earnings growth19.5%
Revenue growth rate14.2%
Future return on equity16.54%
Analyst coverage

Low

Last updated25 Feb 2026

Recent future growth updates

Recent updates

PlaySide Studios: Market Is Sleeping on a Potential 10M+ Unit Breakout Year, FY26 Could Be the Rerate of the Decade

PlaySide Studios (ASX: PLY) is still being priced like a sleepy, low-growth work-for-hire studio, despite now sitting on the largest and most statistically credible IP slate in its history, backed by hard wishlist data and a materially leaner cost base. After reviewing the updated Steam wishlist data, indie comps, sell-through ratios, past margins and the latest company guidance, my view is: If the upcoming slate lands even “normally well”, FY26 earnings power justifies a move from ~0.265 today into the 0.70–1.00 range over the next 12–18 months, with upside beyond that if one title genuinely breaks out.

The Market Lifts PlaySide Studios Limited (ASX:PLY) Shares 31% But It Can Do More

Dec 22
The Market Lifts PlaySide Studios Limited (ASX:PLY) Shares 31% But It Can Do More

PlaySide Studios: Market Is Sleeping on a Potential 10M+ Unit Breakout Year, FY26 Could Be the Rerate of the Decade

PlaySide Studios (ASX: PLY) is being priced like a sleepy, low-growth work-for-hire shop right before the biggest IP slate in its history goes live. After going through Steam wishlist data, indie comps, sell-through ratios, past margins and the latest analyst notes, my view is simple: If the upcoming slate lands even normally well, FY26 can justify a move from around 0.19–0.20 today to the 0.70–1.00 range, with more if one title really breaks out.

Market Might Still Lack Some Conviction On PlaySide Studios Limited (ASX:PLY) Even After 31% Share Price Boost

Jul 30
Market Might Still Lack Some Conviction On PlaySide Studios Limited (ASX:PLY) Even After 31% Share Price Boost

After Leaping 28% PlaySide Studios Limited (ASX:PLY) Shares Are Not Flying Under The Radar

Jun 15
After Leaping 28% PlaySide Studios Limited (ASX:PLY) Shares Are Not Flying Under The Radar
User avatar

New Original IPs And Nintendo Switch 2 Will Secure Success

Developing multiple original IPs and launching on a new platform aims to capitalize on established fanbases and expand market reach.

Why We're Not Concerned Yet About PlaySide Studios Limited's (ASX:PLY) 27% Share Price Plunge

Apr 20
Why We're Not Concerned Yet About PlaySide Studios Limited's (ASX:PLY) 27% Share Price Plunge

Estimating The Intrinsic Value Of PlaySide Studios Limited (ASX:PLY)

Apr 01
Estimating The Intrinsic Value Of PlaySide Studios Limited (ASX:PLY)

PlaySide Studios Limited's (ASX:PLY) 51% Share Price Plunge Could Signal Some Risk

Jan 29
PlaySide Studios Limited's (ASX:PLY) 51% Share Price Plunge Could Signal Some Risk

Estimating The Fair Value Of PlaySide Studios Limited (ASX:PLY)

Nov 22
Estimating The Fair Value Of PlaySide Studios Limited (ASX:PLY)

There's Reason For Concern Over PlaySide Studios Limited's (ASX:PLY) Massive 27% Price Jump

Oct 21
There's Reason For Concern Over PlaySide Studios Limited's (ASX:PLY) Massive 27% Price Jump

PlaySide Studios Limited's (ASX:PLY) P/S Still Appears To Be Reasonable

Jul 01
PlaySide Studios Limited's (ASX:PLY) P/S Still Appears To Be Reasonable

When Should You Buy PlaySide Studios Limited (ASX:PLY)?

May 20
When Should You Buy PlaySide Studios Limited (ASX:PLY)?

Returns On Capital At PlaySide Studios (ASX:PLY) Paint A Concerning Picture

Apr 19
Returns On Capital At PlaySide Studios (ASX:PLY) Paint A Concerning Picture

Revenues Tell The Story For PlaySide Studios Limited (ASX:PLY) As Its Stock Soars 30%

Feb 24
Revenues Tell The Story For PlaySide Studios Limited (ASX:PLY) As Its Stock Soars 30%

A Look At The Intrinsic Value Of PlaySide Studios Limited (ASX:PLY)

Jan 23
A Look At The Intrinsic Value Of PlaySide Studios Limited (ASX:PLY)

Is Now An Opportune Moment To Examine PlaySide Studios Limited (ASX:PLY)?

Dec 18
Is Now An Opportune Moment To Examine PlaySide Studios Limited (ASX:PLY)?

Revenues Tell The Story For PlaySide Studios Limited (ASX:PLY) As Its Stock Soars 33%

Dec 18
Revenues Tell The Story For PlaySide Studios Limited (ASX:PLY) As Its Stock Soars 33%

We're Not Worried About PlaySide Studios' (ASX:PLY) Cash Burn

Oct 05
We're Not Worried About PlaySide Studios' (ASX:PLY) Cash Burn

PlaySide Studios Limited (ASX:PLY) Just Reported And Analysts Have Been Lifting Their Price Targets

Aug 26
PlaySide Studios Limited (ASX:PLY) Just Reported And Analysts Have Been Lifting Their Price Targets

Companies Like PlaySide Studios (ASX:PLY) Can Afford To Invest In Growth

May 23
Companies Like PlaySide Studios (ASX:PLY) Can Afford To Invest In Growth

Should You Think About Buying PlaySide Studios Limited (ASX:PLY) Now?

Feb 20
Should You Think About Buying PlaySide Studios Limited (ASX:PLY) Now?

PlaySide Studios (ASX:PLY) Hasn't Managed To Accelerate Its Returns

Jan 31
PlaySide Studios (ASX:PLY) Hasn't Managed To Accelerate Its Returns

PlaySide Studios' (ASX:PLY) Returns Have Hit A Wall

Oct 14
PlaySide Studios' (ASX:PLY) Returns Have Hit A Wall

Earnings and Revenue Growth Forecasts

ASX:PLY - Analysts future estimates and past financials data (AUD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/2028781611312
6/30/202770107272
6/30/2026539-9182
12/31/2025411-22-3N/A
9/30/202545-5-22-5N/A
6/30/202549-12-23-7N/A
3/31/202553-8-150N/A
12/31/202457-3-86N/A
9/30/2024614-112N/A
6/30/20246511618N/A
3/31/2024619817N/A
12/31/20235871016N/A
9/30/202348027N/A
6/30/202338-7-5-2N/A
3/31/202337-4-41N/A
12/31/2022360-33N/A
9/30/2022332-15N/A
6/30/202229518N/A
3/31/2022220-52N/A
12/31/202115-4-10-4N/A
9/30/202113-5-8-4N/A
6/30/202111-6-6-4N/A
3/31/202110-4-4-2N/A
12/31/20209-2-1-1N/A
9/30/20208-100N/A
6/30/20207000N/A
6/30/201940N/A1N/A
6/30/201852N/A2N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PLY's forecast earnings growth (26.3% per year) is above the savings rate (3.5%).

Earnings vs Market: PLY's earnings (26.3% per year) are forecast to grow faster than the Australian market (12.4% per year).

High Growth Earnings: PLY's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PLY's revenue (14.2% per year) is forecast to grow faster than the Australian market (6.1% per year).

High Growth Revenue: PLY's revenue (14.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PLY's Return on Equity is forecast to be low in 3 years time (16.5%).


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/10 07:46
End of Day Share Price 2026/03/10 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PlaySide Studios Limited is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jasper StruwigCanaccord Genuity
Jules CooperShaw and Partners Limited
Joshua GoodwillShaw and Partners Limited