India · Delayed Price · Currency is INR Nazara Technologies Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 saw revenue decline due to NODWIN deconsolidation, but EBITDA and margins improved on a shift to higher-margin IP-based gaming. Growth is expected from new IP launches, Kiddopia, offline gaming, and international expansion, with a strong cash position supporting M&A.
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Revenue and EBITDA saw strong year-on-year growth, driven by international gaming and new IP launches, despite impairments in real money gaming and European esports assets. Core gaming and AdTech segments delivered robust margins, with future growth expected from platform expansion and operational synergies.
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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, strong gaming margins, and major global acquisitions. FY26 set for further acceleration, with focus on high-margin gaming, organic scale-up, and leveraging new IPs and partnerships.
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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 a robust pipeline for further expansion and integration of recent acquisitions.
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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.