Streamplay Doubles Revenue as Noodlecake Fuels FY26 Growth

Revenue More Than Doubles on Noodlecake Full-Year Contribution

Streamplay Studio Limited (ASX:SP8) reported a standout 144% surge in revenue to A$13.28 million for the year ended 30 June 2026, marking a significant leap from the prior year’s A$5.45 million. This sharp increase was largely powered by Noodlecake Studios, the North American indie game developer and publisher fully consolidated for the first time this financial year, which generated approximately A$11 million in sales across storefronts, subscriptions, and development funding.

Improved Margins and Cash Flow Signal Growing Operational Maturity

Alongside the revenue jump, Streamplay’s gross profit climbed 170% to nearly A$5 million, lifting the gross margin to 37.5% from 33.8% a year earlier. The company also achieved five consecutive quarters of positive operating cash flow, ending FY26 with A$5.77 million in cash and no material debt, a notable turnaround from the prior year’s cash outflow. EBITDA on a non-IFRS basis rocketed 822% to approximately A$1.2 million, reflecting a sharper focus on cost discipline and revenue quality despite ongoing investments in development and integration.

Net Loss Narrows Amid Investment in Growth and Integration

Despite the strong top-line performance, Streamplay reported a statutory net loss after tax of A$2.37 million, an improvement of 15% compared to the A$2.77 million loss in FY25. The loss includes significant non-cash expenses such as A$1.38 million in share-based payments and A$1.35 million in depreciation and amortisation, alongside roughly A$1.09 million in research and development expenditure. These figures underscore the company’s ongoing investment in expanding its publishing portfolio and integrating Noodlecake’s operations.

Key Titles and Publishing Pipeline Drive Momentum

Operational highlights for FY26 centred on Noodlecake’s global launch of Winter Burrow across Steam, Xbox, and Nintendo Switch, which emerged as the standout title and a major revenue contributor. Other notable launches included Flappy Golf Party and Ultimate Chicken Horse debuting day-one on Amazon Luna GameNight under commercial agreements with Amazon. The publishing slate expanded with larger-scale deals for premium projects like Tiebreakers and Project DS, extending Noodlecake’s footprint in full-cycle publishing across PC, console, and mobile platforms.

Recurring Revenues and Geographic Expansion Strengthen Base

Streamplay’s Playstream and ArcadeX platforms continued generating recurring revenues across established Middle East and Africa markets, with new integrations completed in Canada and Ethiopia poised for commercial launches post-year-end. The Pacific operations maintained steady income streams while progressing further integrations. The company is also advancing licensing-led distribution and operational efficiencies to support sustainable growth.

FY27 Outlook Focuses on Portfolio Expansion and Operational Efficiency

Looking ahead, Streamplay enters FY27 with a broadened publishing portfolio and a solid financial foundation. The company plans to capitalise on the mobile expansion of Winter Burrow and development milestones for premium titles like Tiebreakers and Project DS. Recent post-year-end launches of Golden Lap and KAMI 2, alongside commercial rollouts of Playstream in Canada and ArcadeX in Ethiopia, position the company for further revenue growth. Streamplay is also pursuing internal technology enhancements, streamlining its subsidiary structure, and selectively exploring acquisitions aligned with its strategic goals.