Mumbai: Nazara Technologies Limited has announced its best-ever financial performance in FY25, achieving an all-time high EBITDA of ₹153.5 crores on revenues of ₹1,624 crores. The company’s core gaming segment posted an impressive 19.9% EBITDA margin, contributing to an overall margin of 9.4%. Net profit (PAT) from continuing operations stood at ₹62.5 crores, with pre-tax Operating Cash Flow at ₹118.3 crores, highlighting strong operational discipline and cash efficiency.
In Q4 FY25, Nazara clocked ₹520.2 crores in revenue, reflecting a 95% year-on-year increase, while EBITDA grew 74% to ₹51.0 crores. The strong quarterly performance was underpinned by robust growth across key gaming IPs including Fusebox, Animal Jam, and enhanced unit economics from Kiddopia. Despite heightened investments in user acquisition and IP integration, margins remained healthy.
Strategic Growth Drivers in FY25:
- Expanded into narrative gaming via the acquisition of Fusebox Games
- Entered offline entertainment with the acquisition of Funky Monkeys and Smaaash, building a comprehensive 360° gaming ecosystem
- Took full ownership of high-growth platforms Kiddopia and Sportskeeda, allowing for streamlined integration and optimized cash flows
- Invested significantly in PokerBaazi, solidifying leadership in India’s skill-based real money gaming space
- Licensed global gaming IPs like C.A.T.S. and King of Thieves, bolstering recurring revenue streams
The company also activated its Centers of Excellence in User Acquisition, Analytics, and AI, which delivered cross-platform efficiencies and reinforced its tech-enabled scale strategy.
Nitish Mittersain, Jt. Managing Director & CEO of Nazara Technologies, commented, “FY25 has been a pivotal year in Nazara’s journey—marked by record profitability, deeper control across key businesses, and the successful execution of our Nazara 3.0 strategy. We strengthened our core by fully owning high-performing assets like Kiddopia and Sportskeeda, expanded globally through acquisitions such as Fusebox and Curve Games, and sharpened our focus on building a high-margin, IP-led gaming platform. As we enter FY26, we are poised for accelerated growth with increasing contributions from our core gaming portfolio. Our platform is now stronger, and more globally relevant with a growing presence across North America and Europe, strategic global partnerships, and recognition among the world’s top gaming publishers. Nazara is not just leading the gaming industry in India—it is steadily establishing itself as a rising force on the global gaming stage.”
