Streamplay Studio Limited reports a strong half-year turnaround with an 85% revenue surge and a $571K profit, driven by the Noodlecake acquisition and a blockbuster game launch.
- 85% revenue increase to $8.5 million
- Profit after tax of $571,621 versus prior loss
- Noodlecake acquisition fuels growth and profitability
- Winter Burrow game generates $3 million in three weeks
- Strong cash position of $8.55 million, debt free
Half-Year Financial Turnaround
Streamplay Studio Limited has delivered a notable financial turnaround for the six months ending 31 December 2025, reporting an 85% jump in revenue to $8.5 million and a profit after tax of $571,621, reversing a loss of $177,809 in the prior corresponding period. This shift underscores the impact of strategic acquisitions and operational discipline within the digital gaming and publishing sector.
Noodlecake Acquisition Drives Growth
The acquisition of Noodlecake Studios Ltd, effective 1 January 2025, has been a pivotal factor in Streamplay’s improved performance. Noodlecake contributed $7.6 million in revenue during the half-year, reflecting a full-period consolidation of its global publishing activities. The company’s expanded footprint across PC, console, and mobile platforms, supported by established relationships with Tier-1 storefronts such as Apple, Nintendo, Xbox, Steam, and Amazon, has significantly bolstered Streamplay’s market presence.
Successful Game Launch: Winter Burrow
A highlight of the period was the global launch of Winter Burrow in November 2025, which generated approximately $3 million in gross revenue within its first three weeks. This success exemplifies Noodlecake’s disciplined approach to portfolio selection and multi-platform deployment, validating Streamplay’s buy-and-build strategy and enhancing confidence in future pipeline releases.
Operational Efficiency and Regional Revenue Streams
Streamplay maintained disciplined cost management despite increased expenses related to expanded publishing operations and amortisation of acquired intangible assets. Recurring subscription and licensing revenues from the Pacific Islands and Middle East & Africa regions remained stable, with ongoing efforts to optimise billing systems and partner integrations to support scalable growth. The company also advanced its licensing-led cloud gaming initiatives in these markets while controlling costs.
Strong Financial Position and Outlook
The Group closed the half-year with a robust cash balance of $8.55 million and remains debt free, positioning it well to support ongoing growth and strategic execution. The Board is focused on continuing to execute the global publishing pipeline through Noodlecake, expanding recurring revenue streams, and evaluating complementary acquisitions aligned with its growth strategy. However, future performance will hinge on the timing of new title releases, platform uptake, and milestone-based funding arrangements.
Bottom Line?
Streamplay’s half-year results mark a promising step in its growth journey, but execution risks around future releases and funding remain key watchpoints.
Questions in the middle?
- How will Streamplay sustain momentum beyond Winter Burrow’s launch success?
- What are the prospects and timelines for new game releases in the pipeline?
- How might future milestone-based funding impact cash flow and profitability?