Nazara Technologies Limited , India's leading gaming and sports media platform, has reported robust financial results for the second quarter, showcasing significant growth across key metrics.

Revenue Growth and Profitability

Nazara Tech delivered a stellar performance in Q2, with consolidated revenue from operations reaching 52.65 billion rupees, marking a 65.1% year-on-year increase. The company's EBITDA saw an impressive surge of 146.4% year-on-year, touching 6.20 billion rupees.

The most striking aspect of Nazara's Q2 results was the extraordinary jump in net profit, which soared to 8.85 billion rupees from 535 million rupees in the previous quarter. This remarkable increase was primarily attributed to a one-time gain recognized in other income.

Segment-wise Performance

Gaming Segment

The gaming segment continued to be the primary revenue driver for Nazara, contributing 29.59 billion rupees to the total revenue. This segment showed robust growth and profitability.

eSports Segment

The eSports division generated revenue of 8.73 billion rupees, reflecting the company's strong position in this rapidly growing market.

AdTech Segment

Nazara's AdTech business contributed 14.38 billion rupees to the total revenue, indicating the company's successful diversification into digital advertising.

Balance Sheet Highlights

As of September 30, Nazara Tech maintained a strong financial position with total assets of 425.97 billion rupees. The company's equity share capital stood at 7.41 billion rupees, with total equity reaching 347.20 billion rupees.

Key Financial Metrics

Strategic Developments

During the quarter, Nazara Technologies underwent significant strategic changes:

1. The company ceased to control Nodwin Gaming Private Limited, reclassifying it as an associate. This resulted in a one-time gain of 109.85 billion rupees recognized in other income.

2. Due to regulatory developments in the online real money gaming segment, Nazara recognized an impairment of 91.47 billion rupees on its investment in Moonshine Technologies Private Limited (PokerBaazi).

3. The company's subsidiary, Absolute Sports Private Limited, entered the pickleball market by acquiring the Mumbai franchise in the Indian Pickleball League, diversifying its sports portfolio.

Management Commentary

Nitish Mittersain, Joint Managing Director & CEO of Nazara Technologies, commented on the results: "Nazara continued strengthening its position as an IP-led, global gaming platform. In H1, 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."

Outlook

Despite the one-time impairment loss, Nazara Technologies maintains a strong financial position with a consolidated net worth of 339.53 billion rupees as of September 30. The company's diversified portfolio across gaming, eSports, and AdTech, coupled with its strategic investments in emerging sports like pickleball, positions it well for continued growth in the dynamic digital entertainment landscape.

Nazara's focus on IP-led growth, expansion into new markets, and leveraging its Centres of Excellence in User Acquisition, Analytics, AI, and Growth are expected to drive future performance and shareholder value.

Investors and stakeholders will be keen to observe how Nazara navigates the evolving regulatory environment, particularly in the real money gaming sector, and capitalizes on its diversified revenue streams in the coming quarters.

Nazara Technologies Limited , a leading diversified gaming and sports media platform in India, has announced a significant rebranding initiative, marking a new chapter in its 25-year journey in the gaming industry. The company has introduced a fresh brand identity featuring the tagline 'Enter. Magic.', which encapsulates its vision for the future of gaming.

New Brand Identity

The rebranding effort reflects Nazara's evolution over the past quarter-century and underscores its commitment to creating immersive, inclusive, and globally relevant gaming experiences. The new tagline, 'Enter. Magic.', symbolizes the company's dedication to building interactive worlds that inspire, connect, and entertain players across various geographies, platforms, and genres.

Strategic Vision

Nitish Mittersain, Founder and CEO of Nazara Technologies, shared insights into the company's strategic direction:

"Nazara began with a simple aspiration — to create meaningful experiences for gamers and creators. Over the years, we have grown into India's largest gaming ecosystem with studios, IPs, publishing capabilities and a global presence. This new identity reflects both our journey and our future ambition: to build worlds where creativity and play come together in powerful ways."

Future Focus

The company has outlined key areas of focus for its next phase of growth:

• Deeper player engagement
• Strong original IP creation
• Expansion across international markets

Implementation

The new brand identity will be progressively implemented across all company assets, platforms, communications, and partner touchpoints in the coming weeks. This comprehensive rollout aims to ensure a consistent brand experience across Nazara's ecosystem.

Company Commitment

Nazara Technologies reaffirms its commitment to maintaining its leadership position in the gaming landscape. The company plans to achieve this through:

• Continued innovation
• Strategic investments
• Global partnerships
• Ongoing support for game creators and development talent

This rebranding initiative marks a significant milestone for Nazara Technologies, reflecting its growth from a startup to India's largest gaming ecosystem. As the company embarks on this new phase, it aims to strengthen its position in the global gaming market while continuing to create engaging experiences for gamers worldwide.