Mumbai: Nazara Technologies Limited (“Nazara”), a diversified global gaming company, announced strong financial results for Q2 and H1 FY2026, underscoring the resilience and scalability of its gaming portfolio across mobile, console, and offline platforms (Nazara Q2 FY2026).
In Nazara Q2 FY2026, the company reported consolidated revenues of ₹526.5 crore, marking a robust 65.1% year-on-year growth, while EBITDA surged 146.4% year-on-year to ₹62 crore.
For H1 FY2026, Nazara’s revenues reached ₹1,025.2 crore—up 80.2% compared to the previous year—with EBITDA rising 118.5% to ₹109.4 crore.
The company’s core gaming EBITDA margin expanded to 23.2%, highlighting improved efficiency and operational leverage.
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Nazara Q2 FY2026 Performance Driven by Strong Mobile and Console Growth
Nazara’s growth momentum in Q2 FY2026 was led by higher player retention, deeper LiveOps engagement, and cross-platform distribution. The mobile gaming division continued to lead performance, with flagship IPs such as Love Island, Big Brother, Kiddopia, Animal Jam, and WCC driving sustained engagement through recurring content seasons.
The PC/console segment also contributed significantly, supported by evergreen global titles like Human: Fall Flat and incremental gains from back-catalogue monetization. Nazara’s offline entertainment brands – Smaaash and Funky Monkeys – reported strong profitability through disciplined expansion and growing repeat footfall.
Operational Excellence and Data-Driven Growth Strategy
Nazara’s Centers of Excellence in User Acquisition, Analytics, AI, and Growth are now deployed across multiple studios and franchises, improving LTV/CAC ratios, enhancing retention, and enabling faster, data-led decision-making.
Also Read: Nazara Technologies Q1 FY26: EBITDA Up 90 Per Cent, Board Approves Stock Split and Bonus Issue
Nazara Q2 FY2026: Strategic Adjustments and Brand Milestones
During the quarter, Nazara recorded an impairment on its investment in Moonshine Technologies (PokerBaazi) due to new regulations in India’s real-money gaming segment.
The company’s shareholding in Nodwin Gaming dropped below 50%, resulting in its de-subsidiarization and a fair value-based remeasurement gain.
Commenting on Q2 FY2026 performance, Nitish Mittersain, Joint Managing Director and CEO of Nazara Technologies, said: “Nazara continued strengthening its position as an IP-led, global gaming platform. Our core gaming revenues grew 159% and EBITDA grew 253% in H1FY26, driven by deeper LiveOps engagement, global scale, and strong unit economics. The accounting adjustments this quarter are one-time items and have no impact on our operating cash flows or business momentum.”
