Nazara Technologies reported a revenue of INR 429 crore and EBITDA of INR 46 crore for Q1FY27. The company also announced the acceleration of its 100% acquisition of Bluetile and BestPlay for USD 303 million and the appointment of Raymond A. Stauffer as CEO, effective September 1, 2026.
Nazara Technologies Reports Strong Q1FY27 Performance
Nazara Technologies Limited announced its financial results for the quarter ended June 30, 2026, reporting consolidated revenue of INR 429 crore and EBITDA of INR 46 crore. The company’s EBITDA margin stood at 10.8%, an improvement from 9.5% in Q1FY26. This performance was driven by the gaming segment, which saw revenue grow 14% YoY to INR 275 crore with a healthy EBITDA margin of 19.5%.
Accelerated Acquisition of Bluetile and BestPlay
In a significant strategic move, Nazara has amended its agreement to acquire 100% ownership of Bluetile and BestPlay for a fixed all-cash consideration of USD 303 million. Under the revised structure, USD 89 million will be paid at closing, with the remaining USD 214 million payable in tranches by April 1, 2027. Bluetile and BestPlay collectively reported revenue of INR 518 crore and EBITDA of INR 55 crore in Q1FY27. These businesses are expected to be consolidated into Nazara’s financial results from Q2FY27, subject to closing conditions.
Leadership Strengthened with New CEO Appointment
The company also announced the appointment of Raymond A. Stauffer, Founder & CEO of Bluetile Games, as the new Chief Executive Officer of Nazara Technologies Limited, effective September 1, 2026, subject to regulatory approvals. Stauffer brings extensive experience in Al-enabled game development and global growth. Nitish Mittersain will continue as Founder and Managing Director, focusing on long-term strategy and stakeholder relationships. As CEO, Stauffer will oversee daily operations, integration, and portfolio performance.
Outlook and Strategic Priorities
Subject to the closing of the Bluetile and BestPlay transaction, Nazara is expected to operate at a significantly larger scale from Q2FY27. Immediate priorities include integrating operating systems, expanding data-led user acquisition, developing shared Al and analytics capabilities, and fostering product collaboration across its diverse portfolio.
About Nazara Technologies
Nazara Technologies is a leading Indian publicly listed gaming company with diverse interests spanning mobile gaming, PC & console publishing, esports, gamified learning, and offline entertainment. Operating across India, North America, and Europe, Nazara is focused on building a global gaming platform.
Source: BSE
