2122 GMT - PlaySide Studios's 12-month extension of its Work for Hire contract with Meta Platforms bolsters Shaw & Partners's bullish call. "This extension de-risks our thesis, builds visibility on the WFH order book and allows investors to take a more confident view on its original IP portfolio," analyst Jules Cooper says. PlaySide's stock gained 13% on the contract extension and Shaw thinks the rally has just begun. It points to several catalysts over 6-9 months. They include the launch of MOUSE in 1H of FY 2026 and reveal trailers for Game of Thrones and Dumb Ways in FY 2026. "We also see 'green shoots' in WFH and feel we are now at the bottom of the cycle for the industry which bodes well for outsourcing moving forward," Shaw says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
October 12, 2025 17:22 ET (21:22 GMT)
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