Nazara Technologies is expected to deliver strong profitability growth in the third quarter, according to earnings estimates released by ICICI Securities. The brokerage house has projected significant improvements in the gaming and sports media company's bottom line performance for the October-December period.

Financial Performance Projections

ICICI Securities' estimates for Nazara Technologies' Q3 performance present a mixed outlook, with strong profit growth offsetting revenue challenges:

Profitability Surge Expected

The most striking projection in ICICI Securities' estimates is the anticipated 86.2% year-on-year surge in net profit to ₹48.10 crores. This substantial increase suggests improved operational efficiency and better cost management by the company during the quarter.

Revenue Challenges Anticipated

Despite the positive profit outlook, Nazara Technologies faces revenue headwinds according to the estimates. Net sales are projected to decline by 23.3% year-on-year, reaching ₹410.00 crores. The sequential performance also shows challenges, with a 22.1% quarter-on-quarter decrease expected.

EBITDA Growth Indicates Operational Strength

Earnings before interest, tax, depreciation and amortisation (EBITDA) are expected to demonstrate resilience with a 23.3% year-on-year growth to ₹64.50 crores. The 4.1% quarter-on-quarter improvement further reinforces the positive operational trajectory, suggesting effective margin management despite revenue pressures.

These estimates from ICICI Securities provide insights into the expected performance of Nazara Technologies for the third quarter, highlighting the company's potential to maintain profitability growth even amid revenue challenges.

Nazara Technologies Limited has announced an extension in the acquisition timeline for Series A Compulsorily Convertible Preference Shares of Rusk Media Private Limited. The gaming and sports media company informed stock exchanges on January 14, 2026, about the revised timeline under regulatory compliance requirements.

Acquisition Details

The transaction involves acquiring Series A CCPS from Nodwin Gaming Private Limited, an associate company of Nazara Technologies. The key parameters of the acquisition are structured as follows:

Timeline Extension

The company disclosed that the acquisition timeline has been extended to February 10, 2026, as per the terms of the Share Purchase Agreement. This represents an extension from the original timeline established in the SPA executed on November 12, 2025, along with its amendments.

The extension was communicated to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the Securities and Exchange Board of India Listing Regulations. The disclosure follows the company's previous communication dated November 12, 2025, regarding the initial acquisition announcement.

Regulatory Compliance

Nazara Technologies has fulfilled its disclosure obligations under Regulation 30 read with Schedule III of the Listing Regulations. The company's communication to stock exchanges was signed by Arun Bhandari, Company Secretary and Compliance Officer, ensuring proper regulatory adherence.

The acquisition forms part of Nazara Technologies' strategic expansion in the gaming and media sector through its associate company Nodwin Gaming. The transaction will provide Nazara with a minority stake in Rusk Media Private Limited, contributing to its portfolio of gaming and entertainment investments.