India · Delayed Price · Currency is INR Nazara Technologies Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw record revenue and EBITDA growth, driven by gaming, strategic acquisitions, and operational leverage. Bluetile's consolidation is expected to double EBITDA, while divestment of non-core assets and AI-driven efficiencies are set to further boost margins in FY 2027.
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Revenue declined 24.1% in Q3 FY26 due to NODWIN deconsolidation, but EBITDA rose 29.4% with margin expansion. Strong growth in gaming, AdTech, and offline segments, with new IP launches and platform expansions expected to drive FY27 growth.
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Revenue and EBITDA saw strong year-on-year growth, driven by international gaming and new IP launches. Significant impairments were taken on Moonshine and Freaks 4U Gaming due to regulatory and market headwinds, while core gaming and AdTech segments delivered robust margins and expansion.
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Q1 FY26 saw 99% year-on-year revenue growth and 90% EBITDA growth, driven by strong IP-led gaming, strategic acquisitions, and disciplined cost management. Key segments like Curve Games, Fusebox, and Kiddopia contributed significantly, while PokerBaazi and NODWIN faced short-term losses due to front-loaded investments and expansion.
Fiscal Year 2025
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Record FY25 results with 95% Q4 revenue growth and 74% EBITDA growth year-on-year. Strategic acquisitions and global expansion drive segmental gains, with high-margin gaming and new IPs fueling future growth. NODWIN and PokerBaazi face short-term EBITDA pressures but remain focused on long-term profitability.
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Q3 FY25 saw record revenue and EBITDA, driven by strong gaming and Esports growth, strategic acquisitions, and new IP partnerships. Management reaffirmed FY27 EBITDA guidance of INR 300 crores, with robust capital reserves supporting further expansion and integration.
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H1 FY25 revenue reached INR 569 crores with strong EBITDA, driven by gaming and eSports growth, strategic acquisitions, and international expansion. Operational efficiencies and new IP partnerships are expected to boost margins and user growth in H2 FY25 and beyond.
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Q1 FY 2025 saw strong revenue and profit growth, driven by eSports and strategic acquisitions. Key segments like Kiddopia and Sportskeeda showed improved margins and KPIs, while regulatory and tax risks remain. Growth is expected to accelerate with new IPs and M&A.
Fiscal Year 2024
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The company has evolved into a diversified gaming and sports media platform, leveraging acquisitions and innovation in AI, VR, and Web3 to drive growth. It targets INR 300 crore EBITDA by FY 2027, with a focus on profitability, global expansion, and new monetization models.
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Nodwin is acquiring a majority stake in Freaks 4U Gaming to combine complementary strengths in esports, aiming for global revenue growth and margin expansion. The deal structure incentivizes founders and brings in top European investors, with a focus on sustainable profitability and a diversified, scalable delivery model.