Nazara Q2FY26 revenues up 65% to Rs 527 crore

In Q2, the company has posted revenues of Rs 526.5 crore, up 65% year-on-year, and EBITDA of Rs 62 crore, growing 146% year-on-year

by e4m Staff
Published: Nov 13, 2025 11:37 AM | 2 min read

Nazara Technologies Limited has reported revenues of Rs 1,025 crore for H1FY26, growing 80% year-on-year, and EBITDA of Rs 109.4 crore, an increase of 118.5% year-on-year.

The company’s core gaming EBITDA margin expanded to 23.2%, reflecting the strength of Nazara’s diversified portfolio.

In Q2FY26, the company delivered revenues of Rs 526.5 crore, up 65% year-on-year, and EBITDA of Rs 62 crore, growing 146% year-on-year. Growth during the quarter was led by improving retention, deeper LiveOps engagement, and cross-platform distribution across mobile, console, and PC.

Commenting on the results, Nitish Mittersain, Joint Managing Director & CEO of Nazara Technologies, said: “Nazara continued strengthening its position as an IP-led, global gaming platform. In H1FY26, core gaming revenues grew 159% and EBITDA grew 253%, driven by deeper LiveOps engagement, global scale, and strong unit economics across mobile, console, and PC. We are evolving from publishing individual games to building and scaling long-term franchises. Our Centres of Excellence in UA, Analytics, AI, and Growth are creating portfolio-wide operating leverage. The accounting adjustments this quarter, including the Moonshine impairment and NODWIN fair value gain, are one-time items and do not impact operating cash flows or the momentum of our core business. As we complete 25 years, we refreshed our brand identity, including a new logo and our brand positioning line ‘Enter. Magic.’ in step with our commitment towards delivering magical, interactive gaming experiences to our global player base.”