Streamplay’s Cash Receipts Jump 130% QoQ to A$3.86 Million

Robust Financial Momentum

Streamplay Studio Limited (ASX, SP8) has delivered a standout quarterly performance for the period ending 31 December 2025, marking its third consecutive quarter of positive operating cash flow. The company reported an operating cash inflow of approximately A$2.06 million, a significant leap from the previous quarter’s A$0.13 million, underscoring the growing financial momentum behind its diversified gaming and platform operations.

The surge in cash receipts to around A$3.86 million; up 130% quarter-on-quarter and an extraordinary 2,070% year-on-year; was primarily driven by the global launch of Winter Burrow. This multi-platform title, released across Steam (PC), Xbox Series X|S (including Xbox Game Pass), and Nintendo Switch, surpassed A$3 million in revenue within just 20 days, highlighting its strong market reception and the effectiveness of Streamplay’s publishing strategy.

Strategic Publishing Partnerships and Pipeline Growth

Beyond Winter Burrow, Streamplay’s publishing arm, Noodlecake Studios, continued to capitalise on Tier-1 platform collaborations. Notably, two Noodlecake titles launched day-one on Amazon’s Luna GameNight service, included with Amazon Prime, translating contractual milestones into tangible cash inflows during the quarter. These partnerships not only validate Noodlecake’s catalogue but also set a foundation for future licensing and publishing opportunities.

Streamplay also invested approximately A$0.8 million in intellectual property development, reinforcing its commitment to a robust forward publishing pipeline. New agreements with Funselektor Labs and Brave at Night to bring titles like Golden Lap and Yes, Your Grace, Snowfall to mobile platforms signal a steady stream of releases planned for 2026, positioning the company well for sustained growth.

Diversified Revenue Streams and Emerging Markets Expansion

Complementing its publishing success, Streamplay’s platform and telco-aligned operations across the Pacific, Middle East, and Africa continued to generate stable recurring subscription revenues. While some emerging markets experienced mixed activity due to optimisation and partner adjustments, the company is actively preparing to expand into up to two new territories in the coming quarter. This measured expansion strategy aims to balance mature revenue streams with growth opportunities in emerging markets, although initial contributions are expected to be modest as subscriber uptake and marketing efforts ramp up.

Financial discipline remains a hallmark of Streamplay’s approach, with operating outflows consistent with prior quarters and no material debt on the balance sheet. The company closed the quarter with a strong cash position of approximately A$8.52 million, providing a solid runway for ongoing investment and operational execution.

Looking Ahead

Streamplay’s leadership remains optimistic about the year ahead. The upcoming quarter will see a full period of post-launch trading for recent titles and continued engagement with Tier-1 platforms, which historically underpin long-term publishing and licensing agreements. The company’s focus on scalable publishing outcomes, disciplined capital allocation, and expanding its platform footprint suggests a strategic roadmap aimed at sustainable cash flow generation and market relevance.

As CEO Ryan Holowaty noted, the team’s dedication to quality releases like Winter Burrow and trusted partnerships with giants like Amazon are setting the stage for an exciting slate of new releases and commercial opportunities in 2026.