Nazara Technologies announced robust financial results for the second quarter of FY27, reporting a 53% year-on-year increase in revenue to ₹803 crore. EBITDA surged by 93% to ₹120 crore, with an expanded EBITDA margin of 14.9%. The company highlighted organic growth in its gaming segments and the successful integration of recent acquisitions, Bluetile and BestPlay, contributing significantly to the performance. The management also provided updates on strategic priorities, including platform enhancement and potential future acquisitions.
Nazara Technologies Reports Strong Q2 FY27 Performance
Nazara Technologies Limited has reported its financial results for the second quarter of Fiscal Year 2027 (Q2 FY27), showcasing significant growth across key financial metrics. The company’s revenue reached a record high of ₹803 crore, marking a substantial 53% increase compared to the same period last year. This growth trajectory was also reflected in EBITDA, which grew by an impressive 93% to ₹120 crore, leading to an expanded EBITDA margin of 14.9%, an increase of 311 basis points year-on-year.
H1 FY27 Growth and Segment Performance
For the first half of FY27 (H1 FY27), Nazara Technologies’ revenue grew by 20% to ₹1,232 crore, while EBITDA saw a 52% rise to ₹166 crore. The gaming segment was a primary driver of this growth, with revenue increasing by 122% to ₹656 crore and achieving a 21.5% EBITDA margin, contributing 82% of the consolidated revenue. Mobile gaming revenue, boosted by the inclusion of Bluetile and BestPlay, surged 167% to ₹550 crore, with these acquisitions contributing ₹329 crore in their initial two months and showing a 49% growth. Organic revenue growth within existing gaming studios was 11%, with EBITDA growing by 17%.
Strategic Focus and Leadership Transition
The company highlighted its ongoing evolution into a global gaming platform, emphasizing the integration of Bluetile and BestPlay from August 1, 2026. The new CEO, Raymond Stauffer, outlined a strategic focus for the next year on streamlining operations, enhancing capabilities through Centers of Excellence (COEs), and integrating AI across studios to create a strong and flexible platform. The leadership team has also been expanded with the addition of Mithun Sacheti as Executive Director and Arun Agarwal as CFO. Management expressed optimism about future growth, driven by both organic initiatives and potential inorganic opportunities.
Key Business Unit Performance
Other business units also showed positive developments. The PC and consoles segment, represented by Curve, reported revenue growth of 27% and EBITDA growth of 61%. Offline gaming EBITDA grew 29% on flat revenue. The AdTech business (Datawrkz and Space & Time) delivered Q2 FY27 revenue of ₹124 crore and EBITDA of ₹0.8 crore. Absolute Sports posted revenue of ₹23 crore and adjusted EBITDA of ₹1.7 crore. Pro Football Network revenue grew 20% year-on-year.
Future Outlook and Acquisitions
Nazara Technologies continues to explore strategic acquisitions, with a focus on strengthening its gaming portfolio and platform capabilities. The company is actively reviewing M&A opportunities and is committed to driving qualitative growth, both organically and inorganically. The integration of Bluetile and BestPlay is a key priority, alongside the development of new COEs to enhance marketing, data, product, and technology functions.
Source: BSE
