Nazara Reports Q1FY27 Revenue of INR 429 Crore; Accelerates Bluetile and BestPlay Acquisition and Appoints New CEO

Nazara Reports Q1FY27 Revenue of INR 429 Crore; Accelerates Bluetile and BestPlay Acquisition and Appoints New CEO​

Mumbai: Nazara Technologies Limited today announced its financial results for the quarter ended June 30, 2026. The company reported consolidated revenue of INR 429 crore and EBITDA of INR 46 crore. Furthermore, Nazara strengthened its leadership by appointing Raymond A. Stauffer as Chief Executive Officer (effective September 1, 2026), and accelerated the acquisition of Bluetile and BestPlay, confirming a fixed all-cash consideration of USD 303 million.

Q1FY27 Financial Highlights​

Nazara’s consolidated revenue saw a decline of 14% year over year (YoY) following the deconsolidation of NODWIN Gaming from August 2025. However, excluding NODWIN, comparable consolidated revenue grew approximately 9% YoY. The gaming segment remained a strong driver of operating performance.

Key highlights from the Q1FY27 performance include:


The company noted that all gaming businesses remained EBITDA-positive during the quarter. Fusebox revenue increased 12% YoY to INR 82 crore, while Kiddopia revenue grew 19% YoY to INR 54 crore. Animal Jam revenue rose by 11% YoY to INR 29 crore.

Reported loss after tax from continuing operations was INR 82 crore, which included INR 62 crore of share of losses from associates and INR 22 crore of impairment loss.

Bluetile and BestPlay Acquisition Details​

Nazara has amended the previously announced transaction structure to acquire 100% of Bluetile and BestPlay for a fixed all-cash consideration of USD 303 million. The transaction is expected to close shortly, subject to the completion of agreed closing requirements.

Under the revised structure, USD 89 million is payable at closing, with the remaining USD 214 million scheduled to be paid in agreed tranches by April 1, 2027.

Bluetile and BestPlay reported INR 518 crore of revenue and INR 55 crore of EBITDA in Q1FY27. Subject to closing, these businesses are anticipated to be consolidated into Nazara's financial results starting from Q2FY27. The transaction was evaluated under the supervision of Nazara’s Investment Committee and approved by the Board.

Leadership and Strategic Outlook​

Nazara appointed Raymond A. Stauffer, Founder & CEO of Bluetile Games, as Chief Executive Officer (CEO) of Nazara Technologies Limited, effective September 1, 2026, subject to relevant regulatory approvals. Mr. Stauffer possesses deep experience in AI-enabled game development, product operations, user acquisition, monetisation, and capital-efficient global growth. As CEO, he will lead the company’s day-to-day operations, integration, portfolio performance, and shared operating capabilities across various domains including product, data, artificial intelligence, user acquisition, and monetisation.

Nitish Mittersain will continue in his role as Founder and Managing Director, focusing on shaping Nazara's long-term strategy, portfolio direction, and key stakeholder relationships while working alongside the Board and Raymond A. Stauffer.

Commenting on these developments, Nitish Mittersain stated that Q1FY27 demonstrated that Nazara is progressing along the right trajectory by concentrating on its core gaming business. He added that the acquisition of Bluetile and BestPlay marks a significant step in Nazara's evolution into a global gaming operating platform.

Raymond A. Stauffer, CEO Designate, commented that Nazara has built a robust portfolio of global gaming IPs and entrepreneurial businesses. His focus will be on strengthening execution across product, AI, user acquisition, and monetisation, while preserving the entrepreneurial ownership within each business.

Nazara anticipates that, subject to the closing of the Bluetile and BestPlay transaction, it will operate at a materially greater scale beginning in Q2FY27. Immediate priorities include integrating operating systems, expanding data-led user acquisition and creative testing, developing shared AI and analytics capabilities, and identifying opportunities for product collaboration across its portfolio.

NAZARA Stock Price Movement​

On Monday, shares of Nazara Technologies Limited held steady amid sector activity, finishing at ₹339.55 after trading within the day’s range. The stock saw over 3 million shares changing hands, with price action ranging from a low of ₹335.95 to an intraday high of ₹345.8.