Nazara Technologies Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Nazara reported Q1 FY27 consolidated revenue of INR 429 crores and EBITDA of INR 46 crores, with a PAT loss of INR 82 crores attributed to share of loss from associates and impairment. Gaming revenue grew 14% year-on-year to INR 275 crores with a 19.5% EBITDA margin, while management announced an amended all-cash structure to acquire 100% of Bluetile and BestPlay for $303 million and the appointment of Raymond Stauffer as incoming CEO effective September 1, 2026. Segment updates covered Kiddopia, Fusebox, Curve Games, offline gaming, AdTech and NODWIN, with several unit heads providing additional detail during the Q&A.
Nazara reported FY26 consolidated revenue of INR 1,829 crores, up 13% year-on-year, with EBITDA growing 66% to INR 255 crores and Q4 EBITDA margin reaching 19.5%. Gaming revenue grew 107% year-on-year to INR 1,072 crores with EBITDA growth of 157%, and gaming's contribution to overall EBITDA rose from 56% in FY25 to 90% in FY26. Management discussed the completed Bluetile and BestPlay acquisition, which will be consolidated from FY27 pending Spanish FDI approval, along with segment performance across mobile gaming, PC/console publishing, offline gaming, and AdTech.