BSECompany Update3d ago · 3 Aug 2026, 10:15 pm
Nazara Technologies Limited has informed the Exchange regarding a press release dated August 03, 2026, titled Nazara reports Q1FY27 revenue of INR 429 crore and EBITDA of INR 46 crore; ....
Nazara Technologies Ltd · 543280
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Nazara Technologies Ltd reported Q1FY27 revenue of INR 429 crore and EBITDA of INR 46 crore, with gaming segment driving operating performance. The company appointed Raymond A. Stauffer as CEO and accelerated 100% acquisition of Bluetile and BestPlay for USD 303 million.
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Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment7/10
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Full Announcement
Nazara Technologies Ltd - 543280 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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August 03, 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 August 03, 2026, titled “Nazara reports Q1FY27 revenue of INR 429 crore and
EBITDA of INR 46 crore; Appoints Raymond A. Stauffer as CEO; Accelerates 100% acquisition
of Bluetile and BestPlay for USD 303 Million.”
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 Q1FY27 revenue of INR 429 crore
and EBITDA of INR 46 crore; Appoints Raymond A.
Stauffer as CEO; Accelerates 100% acquisition of
Bluetile and BestPlay for USD 303 Million
Gaming revenue grows 14% YoY to INR 275 crore at a 19.5% EBITDA margin
Nitish Mittersain continues as Founder and Managing Director
Mumbai, 3 August 2026: Nazara Technologies Limited (“Nazara” or “the Company”)
today announced its financial results for the quarter ended 30 June 2026, the
appointment of Raymond A. Stauffer as Chief Executive Officer (effective 1 September
2026, subject to relevant regulatory approvals), and an amendment to the previously
announced Bluetile and BestPlay transaction to acquire 100% ownership for fixed all-
cash consideration of USD 303 million.
Q1FY27 performance
Nazara reported consolidated revenue of INR 429 crore and EBITDA of INR 46 crore,
with an EBITDA margin of 10.8%, compared with 9.5% in Q1FY26.
Reported consolidated revenue declined 14% YoY following the deconsolidation of
NODWIN Gaming from August 2025. Excluding NODWIN, comparable consolidated
revenue grew approximately 9% YoY.
The gaming segment continued to drive operating performance:
● Revenue grew 14% YoY to INR 275 crore
● EBITDA was INR 54 crore
● EBITDA margin was 19.5%
● All gaming businesses remained EBITDA-positive
Fusebox revenue increased 12% YoY to INR 82 crore. Kiddopia revenue grew 19%
YoY to INR 54 crore, supported by higher user-acquisition investment and improving
unit economics. Animal Jam revenue increased 11% YoY to INR 29 crore, while
Curve Games remained strongly profitable and continued to invest in its upcoming
release slate.
Reported loss after tax from continuing operations was INR 82 crore, including INR
62 crore of share of losses from associates and INR 22 crore of impairment loss.
Bluetile and BestPlay transaction accelerated
Nazara has amended the previously announced transaction structure to acquire 100%
of Bluetile and BestPlay for fixed all-cash consideration of USD 303 million. The
transaction is expected to close shortly, subject to completion of the agreed closing
requirements.
Under the amended structure, USD 89 million will be payable at closing, with the
remaining USD 214 million payable in agreed tranches by 1 April 2027.
The amended transaction structure was evaluated under the supervision of Nazara’s
newly constituted Investment Committee and approved by the Board.
The amended structure provides certainty of ownership and acquisition price, full
economics upon closing, single-owner governance, immediate operating integration
and greater strategic flexibility.
Bluetile and BestPlay reported INR 518 crore of revenue and INR 55 crore of
EBITDA in Q1FY27. Subject to closing, the businesses are expected to be
consolidated into Nazara’s financial results from Q2FY27.
Leadership strengthened as Nazara levels up
The Board has appointed Bluetile Games’ Founder & CEO Raymond A. Stauffer as
Chief Executive Officer of Nazara Technologies Limited, effective 1 September
2026, subject to relevant regulatory approvals.
He brings deep experience in AI-enabled game development, product operations, user
acquisition, monetisation and capital-efficient global growth.
As CEO, Raymond will lead Nazara Group’s day-to-day operations, integration,
portfolio performance and shared operating capabilities across product, data, artificial
intelligence, user acquisition and monetisation.
Nitish Mittersain will continue as Founder and Managing Director, shaping
Nazara’s long-term strategy, portfolio direction and key stakeholder relationships,
while working closely with Raymond and the Board.
Commenting on the developments, Nitish Mittersain, MD and CEO, Nazara
Technologies, said, “Q1FY27 clearly shows that Nazara is on the right trajectory by
focusing on its core gaming business and the Bluetile and BestPlay acquisition is an
important step forward in Nazara’s evolution into a global gaming operating platform.
Raymond’s appointment strengthens Nazara’s leadership for the scale we now have.
He brings a founder’s mindset and a proven record of AI-enabled development,
operating discipline and capital-efficient growth. As Founder and Managing Director, I
will continue to shape Nazara’s long-term strategy, portfolio direction and key
relationships, working closely with Raymond and the Board.”
Raymond A. Stauffer, Chief Executive Officer - Designate, Nazara Technologies,
said, “Nazara has built a strong portfolio of global gaming IPs and entrepreneurial
businesses. My focus will be to strengthen execution across product, AI, user
acquisition and monetisation, while preserving entrepreneurial ownership within each
business.”
Outlook
Subject to closing of the Bluetile and BestPlay transaction, Nazara is expected to
operate at a materially greater scale from Q2FY27.
The immediate priorities will be to integrate operating systems, expand data-led user
acquisition and creative testing, develop shared AI and analytics capabilities, and
identify opportunities for product collaboration across the portfolio.
About Nazara Technologies
Nazara Technologies is India’s only publicly listed gaming company with diversified
interests across mobile gaming, PC & console publishing, esports, gamified learning
and offline entertainment. With operations across India, North America and Europe,
Nazara is building a global gaming platform powered by strong IP, publishing and
operating capabilities. Website: https://www.nazara.com/
For more information
Saheli Chatterjee I saheli.chatterjee@4wdtechpr.com I +91 91633 23848