Mumbai, October 26, 2026: Nazara Technologies Limited reported a record quarterly revenue of INR 803 crore for the quarter ended September 30, 2026, marking a 53% year-on-year increase, with EBITDA up 93% to INR 120 crore and EBITDA margin expanding to 14.9%.
The company’s profit after tax from continuing operations reached INR 35 crore, reversing a loss of INR 34 crore in the same quarter last year. For the first half of FY27, Nazara’s revenue climbed 20% to INR 1,232 crore, while EBITDA rose 52% to INR 166 crore at a 13.5% margin.
Gaming drives revenue growth
Gaming contributed 82% of consolidated revenue in Q2FY27, with the segment’s revenue up 122% year-on-year to INR 656 crore and an EBITDA margin of 21.5%. Mobile gaming revenue surged 167% to INR 550 crore. PC and console gaming saw EBITDA grow 61%, with Curve’s margin reaching 38.9%. Offline gaming EBITDA increased 29% on flat revenue, with margin rising to 26.2%.
Organic growth in the gaming segment was 11% for revenue and 17% for EBITDA in the quarter. The first quarter consolidation of Bluetile and BestPlay, effective from August 1, 2026, contributed to the results.
Bluetile and BestPlay integration
Bluetile and BestPlay generated INR 329 crore in revenue during their first two months with Nazara, up 49% over the same period last year. EBITDA from these businesses grew 64% to INR 64 crore, with margin expanding to 19.4% from 17.5%. Growth was attributed to rapid product iteration, expansion into new markets, AI-driven user acquisition, and cross-promotion across the portfolio. Bluetile’s leadership team holds a 5.8% stake in Nazara.
Performance across gaming portfolio
WildWorks posted a 41% revenue increase and 39% EBITDA growth, driven by new Animal Jam content, including a Monster High-themed season. Kiddopia’s revenue rose 21% on a 5% increase in subscribers and an 8% rise in average revenue per user. Fusebox launched Traitors and a new Big Brother season, while Love Island: The Game ranked #1 among free role-playing games on the US App Store in July. Curve’s revenue grew 27% and EBITDA 61%, supported by the launch of Sovereign Tower and the mobile debut of Wobbly Life, which reached #3 in its genre on the App Store and Google Play. Human Fall Flat surpassed 60 million players in its 10th anniversary year.
Leadership changes and platform integration
Bluetile’s core capabilities now function as group Centres of Excellence in Marketing, Data, Product, and Technology, all led by dedicated heads and underpinned by AI. The Marketing Centre of Excellence produced over 290 ad creatives for three studios in a month, while a unified AI-ready data stack supports analytics across the group. All studios share a common prioritisation and greenlight process for new games and acquisitions.
Raymond A. Stauffer, Founder of Bluetile and BestPlay, assumed the role of CEO at Nazara on September 16, 2026. Mithun Sacheti, Founder of CaratLane, joined as Executive Director on October 12, 2026, pending shareholder approval. Arun Agarwal, former Global CFO of Ness Digital Engineering, became Chief Financial Officer on October 16, 2026. Stauffer said the quarter demonstrated Nazara’s progress in building a portfolio of high-quality games on a unified platform, with Bluetile and BestPlay growing EBITDA 64% in their first two months as part of the company.
Nazara Technologies is India’s only publicly listed gaming company, with operations spanning India, North America, Europe, and other global markets. Its businesses include Bluetile, Curve Games, Kiddopia, Animal Jam, Fusebox Games, C.A.T.S., World Cricket Championship, King of Thieves, Funky Monkeys, Smaaash Entertainment, Datawrkz, and Sportskeeda.
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