Results · Consumer Internet & Media

NODWIN Gaming reports Q1 revenue of ₹116 crore

By Startup Enthusiast · 4 August 2026

What they do

NODWIN Gaming runs esports tournaments, music festivals and fan conventions

Q1 FY27 revenue was ₹116 crore; EBITDA loss narrowed 32% to ₹7.53 crore

The company expects ~30% organic growth and plans to restart acquisitions

NODWIN Gaming announced its Q1 FY27 financial results.
Consolidated revenue for the quarter was ₹116 crore.
EBITDA loss improved 32% from ₹11 crore to ₹7.53 crore.
The company ceased funding to Freaks4U and paused acquisitions to refine its M&A framework.
It appointed India's National Team Partner for the inaugural Esports Nations Cup 2026.
Team India qualified across seven titles for the Riyadh Finals.
NODWIN deployed 10+ AI-powered workflow solutions across Finance, HR, Legal, Sales and Production.
AI initiatives are expected to save ~₹12 crore in software replacement costs over three years.

The results show NODWIN is narrowing losses while growing revenue.
The company expects ~30% organic growth this financial year.
It is preparing to restart its acquisition strategy with an updated playbook.
Founder retention across acquired businesses is 100%, and attrition is below 5%.

NODWIN operates a flywheel of Content (discovery) and Live Experiences (esports, music festivals, fan conventions).
It monetises through sponsorships, ticketing, merchandise and media rights.
Key live experience properties include BGMS (esports), NH7 Weekender (music festival) and Comic Con India (fan convention).
New initiatives in Q1 include Trading Cards, Board Games, premium pop culture merchandise and The National Math Bee (with Bhanzu).
Its flagship creator-led gaming IP Playground will debut in the US alongside the India edition in 2026.
NODWIN confirmed 2026-27 editions of partnerships with Rusk Media.
It has a partnership with Garena to support Free Fire MAX growth in India.
Partner support services expanded internationally with projects for Saudi Football Federation and Belgian Football Association.
The highly profitable global PUBG Mobile property shifted from Q1 FY26 to Q2 FY27 due to scheduling.
NH7 transitioned to a licensing model in India; Comic Con India moved away from minimum guarantee agreements to direct ticket sales.
The ESOP programme was expanded to all employees; attrition is below 5%.

NODWIN expects ~30% organic growth in the current financial year.
It is preparing to restart its acquisition strategy based on an updated playbook.
The flagship IP Playground will debut in the US alongside the India edition in 2026.