BSECompany Update1d ago · 26 Oct 2026, 07:39 pm
Nazara Technologies Limited informs the Exchange regarding a press release dated October 26, 2026, titled Nazara reports record Q2FY27: revenue up 53% to INR 803 crore, EBITDA up 93% to INR 120 crore.
Nazara Technologies Ltd · 543280
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Nazara Technologies Ltd announces record Q2FY27 results with revenue up 53% to INR 803 crore, EBITDA up 93% to INR 120 crore, and EBITDA margin expanding 311 bps to 14.9%. Gaming revenue grew 122% YoY to INR 656 crore at a 21.5% EBITDA margin.
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Nazara Technologies Ltd - 543280 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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October 26, 2026
Listing Compliance Department Listing Compliance Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1. G Block,
Dalal Street, Bandra -Kurla Complex, Bandra (East),
Mumbai - 400 001. Mumbai- 400051.
Scrip Code: 543280 Scrip Symbol: NAZARA
Dear Sir/Madam,
Subject: Intimation of Press Release
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 as amended, please find enclosed herewith the Press
Release dated October 26, 2026, titled “Nazara reports record Q2FY27: revenue up 53% to INR
803 crore, EBITDA up 93% to INR 120 crore”
This is for your information and records.
Thanking you.
Yours faithfully,
For Nazara Technologies Limited
Arun Bhandari
Company Secretary and Compliance Officer
Encl. As above
Nazara reports record Q2FY27: revenue up 53% to
INR 803 crore, EBITDA up 93% to INR 120 crore
• First quarter with Bluetile and BestPlay; gaming now 82% of revenue at a 21.5% EBITDA margin
• H1FY27 revenue of INR 1,232 crore (up 20%) and EBITDA of INR 166 crore (up 52%) at a
13.5% margin
• Organic growth of 11% in revenue and 17% in EBITDA in the gaming segment in Q2FY27
Mumbai, 26th October 2026: Nazara Technologies Limited (“Nazara” or “the Company”) today
announced its financial results for the quarter and half year ended 30 September 2026. The quarter
marks a defining step in Nazara’s evolution into a global gaming platform, one that combines a portfolio
of owned game IPs across mobile, PC & console and offline, shared group capabilities in marketing,
data, product and technology, and disciplined capital allocation. Q2FY27 is the first quarter to include
Bluetile and BestPlay, consolidated from 1st August 2026.
Record quarter
Nazara reported its highest-ever quarterly revenue of INR 803 crore, up 53% YoY. EBITDA grew 93%
to INR 120 crore, and EBITDA margin expanded 311 bps to 14.9%. Profit after tax from continuing
operations was INR 35 crore, compared with a loss of INR 34 crore in Q2FY26. For H1FY27, revenue
grew 20% to INR 1,232 crore and EBITDA grew 52% to INR 166 crore.
A focused, profitable gaming company
Gaming revenue grew 122% YoY to INR 656 crore at a 21.5% EBITDA margin. Gaming contributed
82% of consolidated revenue and effectively all EBITDA before corporate costs. Mobile grew revenue
167% to INR 550 crore. PC & Console grew EBITDA 61%, with Curve’s margin expanding to 38.9%.
Offline grew EBITDA 29% on flat revenue, with margin rising to 26.2%.
Bluetile and BestPlay: Scale and Capability
In their first two months as part of Nazara, Bluetile and BestPlay generated revenue of INR 329 crore,
up 49% over the same period last year. EBITDA grew 64% to INR 64 crore, and margin expanded to
19.4% from 17.5%. Growth came from rapid product iteration, expansion into new markets, AI-
automated user acquisition and cross-promotion across the portfolio. Bluetile’s leadership team holds
5.8% of Nazara, aligning its interests with those of all shareholders.
The existing portfolio keeps compounding
Growth in existing gaming businesses was underpinned by strong content engines across the studios.
WildWorks grew revenue 41% and EBITDA 39% on new Animal Jam content, including a Monster
High-themed season. Kiddopia grew revenue 21% on a 5% rise in subscribers and an 8% rise in average
revenue per user, and is reinvesting in user acquisition to accelerate further gains. Fusebox launched
Traitors and a new Big Brother season. Love Island: The Game ranked #1 among free role-playing
games on the US App Store in July. Curve grew revenue 27% and EBITDA 61%, driven by the launch
of Sovereign Tower, rated “Overwhelmingly Positive” on Steam, the mobile debut of Wobbly Life at
#3 in its genre on the App Store and Google Play, and continued momentum at Human Fall Flat, which
has passed 60 million players in its 10th anniversary year.
One platform, every studio
Bluetile’s core capabilities now operate as group Centres of Excellence (CoEs) across Marketing, Data,
Product and Technology, each led by a dedicated head. AI is embedded in all four. In a single month,
the Marketing CoE produced more than 290 ad creatives for three studios. A single AI-ready data stack
powers analytics across the group, and all studios share a common prioritisation and greenlight process.
Every new game and acquisition now plug straight into proven systems, compounding the advantage
with each addition.
Raymond A. Stauffer, CEO, Nazara Technologies, said: “This quarter demonstrates the company we
are building: a portfolio of high-quality games on a single, shared platform. Bluetile and BestPlay grew
EBITDA 64% in their first two months as part of Nazara, while sustained investment in content
delivered organic growth of 11% in revenue and 17% in EBITDA across our existing gaming studios.
Of greater long-term significance is the platform we have built. Every studio now draws on group
Centres of Excellence in marketing, data, product and technology, each underpinned by AI. Every game
we launch and every studio we acquire benefits from proven capabilities from the outset, enabling us
to scale faster and more profitably.”
Leadership strengthened
Nazara significantly strengthened its leadership team, adding global gaming expertise at the top and
strengthening India team. Raymond A. Stauffer, Founder of Bluetile and BestPlay, took charge as CEO
on 16 September 2026. Mithun Sacheti, Founder of CaratLane, joined as Executive Director on 12
October 2026, subject to shareholder approval. Arun Agarwal, former Global CFO of Ness Digital
Engineering, joined as Chief Financial Officer on 16 October 2026. Together, the team brings the global
gaming, operating and financial depth to scale Nazara’s platform.
About Nazara Technologies
Nazara Technologies is India’s only publicly listed gaming company. Its key businesses include
Bluetile, Curve Games, Kiddopia, Animal Jam, Fusebox Games (Love Island, Big Brother, Bigg Boss,
Traitors), C.A.T.S., World Cricket Championship and King of Thieves, along with offline gaming
businesses such as Funky Monkeys and Smaaash Entertainment. Nazara also operates Datawrkz, an
adtech business and Sportskeeda, a sports media platform. With presence in India, North America,
Europe, and other global markets, Nazara is building a global gaming platform with strong IP,
publishing, and operating capabilities.
Website: https://www.nazara.com/
For more information
Saheli Chatterjee | saheli.chatterjee@4wdtechpr.com | +91 91633 23848