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Results · Consumer Internet & Media

Nazara posts record EBITDA in FY26

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Date
Company
Nazara Technologies
What it does
Gaming and esports company
Kind
Results
Stage
public
Founded
1999
Sector
Consumer Internet & Media

What they do

Nazara Technologies is India's only publicly listed gaming company

What happened

It reported its highest-ever EBITDA of Rs 255 crore in FY26, up 66% year-on-year

Why it matters

The gaming segment now contributes 90% of EBITDA, up from 56%

The details

  • Nazara Technologies reported its highest-ever EBITDA of Rs 255 crore in FY26, a 66% year-on-year increase.
  • Total revenue for FY26 stood at Rs 1,829 crore.
  • In FY25, revenue was Rs 1,715 crore, a 41% year-on-year increase.
  • Profit after tax in FY24 was Rs 89 crore, up 41%.
  • The company's gaming segment EBITDA contribution grew from 56% to 90%.
  • Nazara made its largest acquisition to date in FY26, buying Bluetile and BestPlay.
  • The acquisition added 17 casual mobile gaming properties and 22 million monthly active users.
  • Founder Nitish Mittersain shared a LinkedIn post about being rejected by an investor during the 2002 dot-com crisis.

The bigger picture

  • Nazara is India's only publicly listed gaming-focused company.
  • The company has grown from Rs 247 crore revenue in FY20 to Rs 1,829 crore in FY26.
  • EBITDA growth from FY20 to FY21 was 470%.
  • The gaming segment's EBITDA share jumped from 56% to 90%, showing a strategic shift.

About the business

  • Nazara operates in mobile gaming, esports, ad-tech, and gamified learning.
  • It has a presence in India, Africa, North America, and other global markets.
  • The company is publicly listed on Indian stock exchanges.
  • Revenue in FY20 was Rs 247 crore, in FY21 Rs 454 crore, and in FY24 crossed Rs 1,138 crore.
  • In FY25, revenue was Rs 1,715 crore, and in FY26 it reached Rs 1,829 crore.
  • The gaming segment's EBITDA contribution grew from 56% to 90%.

What happens next

  • Founder Nitish Mittersain said the company plans to 'scale this platform globally'.

The deal

Type
results

Founders

  • Nitish Mittersain, Founder

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