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PlaySide Studios Limited (ASX:PLY)

ALERT: Price-sensitive ASX Announcement for PLY
Current share price for PLY : $0.115 -0.09 (-43.90%)+
Announcement
Release
9 Oct 2025 8:43AM
Price at Release
$0.205
Full Release
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Summary
PlaySide Studios Limited, listed on the ASX under the code PLY, has announced a 12-month extension of its Work for Hire contract with Meta Platforms Technologies, LLC. This extension applies to its development work on the Horizon Worlds social platform and will last until December 2026, maintaining largely similar terms to the previous agreement. The company anticipates that its FY26 revenue will exceed FY25's A$48.7 million, alongside a reduction in operating costs. PlaySide Studios, based in Port Melbourne, Australia, is a video game developer and publisher known for its collaborations with major technology and entertainment companies.
Key Points
  • Extension of Work for Hire contract with Meta Platforms Technologies, LLC
  • Continues development work on Horizon Worlds social platform
  • Contract extension until December 2026
  • FY26 revenue expected to exceed FY25's A$48.7 million
  • Reduction in operating costs anticipated
  • PlaySide Studios is headquartered in Port Melbourne, Australia
  • Company is listed on the ASX under the code PLY
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.