Streamplay Posts A$390k Operating Surplus, Boosted by 177,500 Game Installs

A Turning Point for Streamplay Studio

Streamplay Studio Limited (ASX – SP8) has reported a significant milestone in its quarterly update for the period ending 30 June 2025, posting a positive operating cash flow of approximately A$390,000. This marks a clear turnaround from the previous quarter’s outflow and signals that the company’s acquisition-led growth strategy, particularly the integration of Noodlecake Studios Ltd, is beginning to yield operational leverage.

With cash receipts totaling A$1.44 million and a robust cash reserve of A$7.72 million, Streamplay remains debt-free and maintains a disciplined operating structure. The company’s financial health provides a solid foundation to support ongoing investments and strategic initiatives.

Strong Momentum in Game Launches and Licensing

Streamplay’s gaming division, led by Noodlecake, has delivered notable successes this quarter. The mobile game Ultimate Chicken Horse achieved over 177,500 installs within two weeks of its global launch, leveraging strong brand recognition from its previous console and PC success. Meanwhile, Super Flappy Golf has amassed more than 83,500 installs, following a longer-term commercial model aimed at building engagement before scaling monetisation.

Adding to this momentum, Streamplay secured a multi-year licensing agreement with Amazon to adapt and port both first-party and third-party titles. Milestone payments from this deal are expected to begin in the second half of the fiscal year, potentially providing a new and steady revenue stream.

Expanding Footprint in Emerging Markets

Beyond Tier 1 markets, Streamplay is making strategic advances in emerging regions. In the Middle East, Playstream UAE revenue grew by approximately 23% quarter-on-quarter, reaching around A$254,000. The telecom operator du now contributes roughly 37% of total monthly revenue, highlighting successful partner-funded marketing campaigns and subscriber growth.

In the Pacific Islands, markets such as Papua New Guinea, American Samoa, and Tonga continue to generate steady revenues with minimal investment. The company is preparing for service expansions, including new billing platforms and the introduction of Caller Ring Back Tones, positioning itself for future growth.

Outlook and Strategic Focus

Looking ahead, Streamplay plans to support upcoming game launches across PC, console, and mobile platforms, including titles like Winter Burrow and Flick Shot Rogues. The company is also focused on scaling Playstream into additional regions through new operator partnerships and finalising the deployment of an overhauled telco billing platform in legacy markets.

Cost discipline remains a priority, with selective investment in high-impact commercial opportunities. Streamplay is actively evaluating further merger and acquisition opportunities to enhance its publishing and platform capabilities, aiming to build on the positive momentum established this quarter.