Nazara Technologies Reports Q1FY27 Results as it Accelerates Acquisition of Bluetile and BestPlay

Nazara Technologies Reports Q1FY27 Results as it Accelerates Acquisition of Bluetile and BestPlay​

Nazara Technologies Limited reported its consolidated results for the first quarter of fiscal year 2027 (Q1FY27), reflecting significant steps toward evolving into a global gaming operating platform. Consolidated revenue stood at INR 429 crore, with EBITDA reported at INR 46 crore. Reported PAT was a loss of INR 82 crore, attributed primarily to the share of loss from associates (INR 62 crore) and an impairment loss of INR 22 crore.

Gaming revenue specifically grew 14% year-on-year (YoY), reaching INR 275 crore, supported by a strong EBITDA margin of 19.5%. All gaming businesses remained positive in terms of EBITDA during the quarter. Key operational highlights across segments include Fusebox revenue increasing 12% YoY to INR 82 crore, while Kiddopia revenue grew 19% YoY to INR 54 crore.

Strategic Acquisitions and Leadership Shakeup​

The company announced a material expansion of its scale through the accelerated acquisition of 100% of Bluetile and BestPlay. The transaction is set for a fixed all-cash consideration of USD 303 million. Under the revised structure, USD 89 million was payable at first close, with the balance of USD 214 million scheduled in agreed tranches by April 1, 2027.

The Board approved Raymond A. Stauffer as Chief Executive Officer (CEO), effective September 1, 2026. Raymond brings a background in AI-enabled development and operating discipline, having built Bluetile and BestPlay to INR 254 crore of EBITDA in CY25. Nitish Mittersain, the Founder and Managing Director, will continue to shape Nazara's long-term strategy and portfolio direction, working closely with the new CEO and the Board.

The acquisition of these businesses, which reported INR 518 crore of revenue and INR 55 crore of EBITDA in Q1FY27, is expected to be consolidated from Q2FY27, materially increasing the Group's scale and operating capabilities.

Segment Performance Overview​

Q1FY27 performance across various segments demonstrated a diversified operational landscape for Nazara. NODWIN reported its results, which saw revenue stand at INR 429 crore against INR 499 crore in Q1FY26 (a decline of 14%). The segment recorded an EBITDA of INR 46 crore, reflecting a consolidated EBITDA margin of 10.8%.

Datawrkz (including Space & Time) recorded revenue of INR 126 crore and EBITDA of INR 3 crore. Absolute Sports generated INR 28 crore in revenue and INR 1 crore in EBITDA for the quarter.

In addition to the core portfolio, the company's operations included:

• Curve Games: Generated INR 53 crore in revenue with an EBITDA of INR 14 crore, achieving a margin of 27%. Curve remained strongly profitable while investing over 60% of development investment into new signings.
• Smaaash and Funky Monkeys: Both reported Q1FY27 revenue of INR 34 crore, generating an EBITDA of INR 11 crore.

Consolidated Financial Snapshot (Q1FY27)​

The financial results for the quarter are summarized below:


Consolidated figures before unallocated corporate costs stood at INR 58 crore in EBITDA, which declined compared to the prior year. The results confirm that the focus on operational discipline and strategic growth is supporting Nazara's transition into a larger global gaming platform.

NAZARA Stock Price Movement​

Nazara Technologies Limited shares edged higher on Monday, closing at ₹339.55 after setting a marginal gain compared to the previous day's close of ₹339. A total of 3.03 million shares were traded during the session.