Highlights

  • Streamplay Studio reported FY26 group Revenue of A$13.8 million, up 153% on FY25.
  • Adjusted EBITDA rose to A$1.32 million, with five consecutive quarters of positive operating cash flow.
  • Noodlecake contributed A$11.48 million, or 83.1% of group revenue, in FY26.
  • Several new titles are scheduled for release from Q1 CY2027.

Streamplay Studio Limited (ASX:SP8) has released an investor presentation setting out its strategy to build a global video game and technology group. The presentation includes the company's audited FY26 results, an update on its Noodlecake publishing Business and its upcoming game pipeline.

FY26 Financial Performance

Group revenue for FY26 reached A$13.8 million, up 153% from A$5.45 million in FY25. Gross Margin improved to 37.7% from 33.8%, while adjusted EBITDA, a non-IFRS measure, rose to A$1.32 million from A$0.01 million.

Operating cash flow was A$2.15 million, marking five consecutive positive quarters. The company had cash of A$5.65 million at 30 June 2026 and no material debt. The presentation stated that "revenue growth, stronger margins and positive Operating Cash Flow demonstrate the Group's increased scale."

Noodlecake Drives Growth

Noodlecake, acquired in January 2025, generated A$11.48 million in FY26 revenue, representing 83.1% of group revenue. The business has published more than 85 titles with about 290 million lifetime downloads, and its revenue grew 61% in the 12 months after acquisition.

Noodlecake titles continue to gain distribution through major platforms. Golden Lap and Flick Shot Rogues went live on Google Play Pass in July and September 2026, with Yes, Your Grace 2: Snowfall due in October 2026. Game sales made up 58% of group revenue, followed by VAS and digital services at 17% and royalties at 13%.

Upcoming Game Pipeline

Streamplay's pipeline includes Monkey Brain, Harpooner and Space Warlord Baby Trading Simulator, all scheduled for Q1 CY2027. Tiebreakers is targeted for Q4 CY2027, and Project DS is targeted for 2027.

Alongside publishing, the group operates ArcadeX and Playstream white-label gaming platforms and telecom value-added services in Pacific markets. Based on the presentation, the company had a Market Capitalisation of A$9.32 million.

Key Takeaways

  • Streamplay grew FY26 revenue by 153% to A$13.8 million.
  • The company delivered positive operating cash flow for five consecutive quarters.
  • Noodlecake is now the main revenue driver, contributing 83.1% of group revenue.
  • A pipeline of new titles is planned for release from Q1 CY2027.