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Playside Studios Ltd ASX:PLY

0 opened or increased0 held1 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

20252026

31 Jan 2024 to today

Commentary Showing 2 of 6

DateManagerActionSummary

17 Apr 2026Forager FundsReducedForager Funds reduced its position in Plenty — a non-bank lender referred to in the context of Playside Studios commentary — because the consumer sentiment and credit environment has deteriorated significantly, with rising interest rates and higher petrol prices increasing the risk of loan defaults. Forager Funds notes the position needed to be materially smaller than it was six months ago when a consumer recovery trajectory appeared more likely.

Consumer FinancePresentation, price recorded $0.35

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31 Jan 2025Cyan Investment ManagementReducedThe fund manager reduced their position in Playside Studios (PLY) following a 46% share price decline after the company announced a pullback in forecast FY25 revenues from approximately $65 million to approximately $52 million, driven by a reduction in work-for-hire revenue from clients including Activision Blizzard, 2K Games, Meta, and Netflix. The manager notes the fund has been consistently selling its position into prior stock strength over the past two years, having initially invested pre-IPO at $0.16 per share. The manager acknowledges the stock's significant revenue growth from approximately $10 million at IPO to approximately $52 million, but notes the share price has retraced to near IPO levels, suggesting some inherent value despite management credibility issues.

Monthly Report, price recorded $0.22

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4 more comments on PLYPro shows every comment, with a link to each source document.

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 2 managers first commented on PLY.

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About Playside Studios Ltd

Communication Services, Entertainment

PlaySide Studios (ASX:PLY) is an Australian video game developer founded in 2011 by Gerry Sakkas and Mark Goulopoulos. The fund manager commentary currently linked to this ticker in the Thesis Tracker dataset appears to relate to a different company, a non-bank lender, so it has not been used in this summary and should be reviewed. PlaySide Studios operates in the Communication Services sector within the Entertainment industry, and Thesis Tracker has captured 6 comments from 2 fund managers. Headquartered in Port Melbourne, PlaySide develops original and work-for-hire video games across mobile, PC and console platforms, partnering with major global publishers and entertainment brands while building its own intellectual property, and is one of Australia's largest independent game studios listed on the ASX.

Market cap: $41m
Price to earnings: 10.3x
Return on equity: 11.5%
Dividend yield: 0.0%
Price to book: 1.04x
Net margin: 9.8%
52-week range: $0.09 to $0.39

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Playside Studios Ltd (ASX:PLY)?

Fund managers including Cyan Investment Management and Forager Funds have invested in Playside Studios Ltd (ASX:PLY).

What opportunities or catalysts do fund managers highlight for Playside Studios Ltd?

The fund manager commentary attached to this ticker appears to describe a different company, so opportunities specific to PlaySide Studios cannot be summarised reliably from this data.

What are the key risks to the Playside Studios Ltd investment thesis, according to fund managers?

The fund manager commentary attached to this ticker appears to describe a different company, so risks specific to PlaySide Studios cannot be summarised reliably from this data.

What does Playside Studios Ltd (ASX:PLY) do?

PlaySide Studios Ltd. is an Australian video game developer founded in 2011 by Gerry Sakkas and Mark James Goulopoulos. Headquartered in Port Melbourne, the company specializes in developing video games across mobile, virtual reality (VR), augmented reality (AR), and PC platforms. PlaySide focuses on high-quality digital entertainment, leveraging diverse technology stacks to reach global audiences. As a publicly traded entity, the company continues to expand its portfolio of proprietary intellectual property and work-for-hire projects within the interactive media industry.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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