Mumbai: Nazara Technologies Limited (NSE: NAZARA), India’s leading diversified gaming and sports media company, has reported a record EBITDA of ₹153.5 crore in FY25, driven by a strong core gaming performance and strategic execution under its Nazara 3.0 vision.
The company posted ₹1,624 crore in total revenues, reflecting solid growth across both digital and offline gaming verticals.
The company’s core gaming business delivered an EBITDA margin of 19.9%, helping drive overall profitability to 9.4%, while Profit After Tax (PAT) from continuing operations stood at ₹62.5 crore.
Pre-tax operating cash flow came in at a robust ₹118.3 crore, demonstrating Nazara’s strong internal capital efficiency.
Q4 FY25: Breakout Quarter with 95% YoY Revenue Growth
Nazara reported Q4 FY25 revenue of ₹520.2 crore, up 95% year-on-year, and EBITDA of ₹51 crore, a 74% YoY increase. Key performance drivers included:
- Growth in Fusebox and Animal Jam
- Improved profitability from Kiddopia
- Strategic investments in new IPs and global content licenses like C.A.T.S. and King of Thieves
“FY25 has been a milestone year of profitability and transformation,” said Nitish Mittersain, Joint MD & CEO of Nazara Technologies. “With full ownership of Kiddopia and Sportskeeda, plus global expansion through Fusebox and Curve Games, we’ve built a stronger, more globally aligned gaming platform. We’re now better positioned than ever to scale Nazara as a major force in global gaming.”
FY25 Strategic Milestones for Nazara Technologies
- Fusebox Games acquisition, marking entry into narrative mobile gaming
- Full acquisition of Kiddopia and Sportskeeda, enabling operational flexibility
- Entry into offline entertainment through Funky Monkeys and Smaaash
- Largest investment in skill-based real money gaming via PokerBaazi
- Licensed global IPs, boosting long-term recurring revenue potential
- Operationalized Centers of Excellence for AI, Analytics, and User Acquisition
Nazara Technologies is now primed for accelerated growth in FY26, with an increasing share of high-margin gaming revenues, stronger international presence in North America and Europe, and rising brand recognition among global gaming publishers.
