PlaySide Studios Initiates Operational Restructure Amid Contract Delays

PlaySide Studios (ASX: PLY), a leading Australian video game developer and publisher, has announced a strategic operational restructure due to delays in securing anticipated Work for Hire contracts. The move primarily affects non-project specific roles, aiming to address latent staff capacity and optimize the cost base. Despite these changes, development on major Original IP titles—such as MOUSE: P.I., Game of Thrones RTS, and Dumb Ways to Die—remains on track. The restructure is expected to generate annual cost savings of AU$4–5 million, with a one-off restructuring cost of approximately AU$1.5 million. PlaySide has reaffirmed its FY25 guidance, projecting revenue between AU$50–54 million, an EBITDA loss of AU$6–10 million, and a closing cash balance of AU$10–15 million. Founded in 2011, PlaySide continues to develop and publish a wide range of video games, working with industry giants like Meta, Netflix, and Activision Blizzard, while also supporting indie developers through its publishing arm.

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