Results · AI & Deep Tech

Nazara posts ₹82.5 Cr net loss in Q1 FY27

By Startup Enthusiast · 3 August 2026

What they do

The company posted a ₹82.5 Cr net loss in Q1 FY27 due to impairment charges and associate losses

Operating revenue fell 14% as the firm deconsolidated its major unit NODWIN Gaming from its books

CEO Nitish Mittersain steps down on Sep 1, 2026, with Raymond Albaladejo Stauffer as new CEO

Nazara Technologies reported a net loss of ₹82.5 Cr for the first quarter of fiscal year 2027.
This marks a sharp reversal from the ₹51.3 Cr profit recorded in the same period last year.
Total operating revenue declined by 14% to ₹428.8 Cr compared to the previous year's figures.
The financial decline was driven by significant impairment and other losses totaling ₹84.2 Cr.
These losses included a ₹21.8 Cr write-off related to Pokerbaazi and Moonshine assets.
An additional ₹62.4 Cr in losses came from investments in associated companies.
The company also deconsolidated NODWIN Gaming after its stake dropped below 50%.
Despite the loss, EBITDA margin improved slightly to 10.8% from 9.5% in the prior year.

The loss follows a previous ₹34 Cr hit caused by regulatory changes in online gaming laws.
Revenue growth excluding NODWIN actually increased by 9% year-over-year.
Sequential revenue growth showed a positive trend with a 7.8% increase from the previous quarter.

Nazara operates across multiple segments including gaming, sports media, and offline entertainment.
The gaming segment contributed ₹275 Cr representing 64% of total revenue with 14% growth.
Fusebox generated ₹82 Cr in revenue while maintaining an EBITDA of ₹10 Cr.
Kiddopia saw strong performance with ₹54 Cr revenue despite a slight dip in EBITDA.
Animal Jam revenue grew by 11% to reach ₹29 Cr during the reporting period.
Curve Games reported ₹53 Cr in revenue alongside an EBITDA of ₹14 Cr.
The adtech arm Datawrkz and Space & Time brought in ₹126 Cr with 19% growth.
Offline businesses like Funky Monkeys and Smaaash earned ₹34 Cr with high margins.
Sportskeeda achieved positive EBITDA while Pro Football Network saw margin expansion to 19%.

Founders Collective Fund (investor) — Peter Thiel's fund paid ₹17.6 Cr for warrant subscriptions.