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Economic Times
6 days ago
- Business
- Economic Times
Nazara Technologies shares in focus after Q4 revenue nearly doubles; net profit surges to Rs 4 crore
Expenses and segment performance Live Events Acquisition push Nazara Technologies share price target (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of online gaming company Nazara Technologies will be in focus on Tuesday after the firm reported a 95% year-on-year (YoY) jump in operating revenue to Rs 520.2 crore in Q4FY25, even as total expenses surged due to higher marketing and employee company posted a net profit of Rs 4 crore for the quarter ended 31 March, up from Rs 0.18 crore in the year-ago the post-earnings call, CEO Nitish Mittersain said Nazara expects a higher contribution from its high-margin gaming businesses in FY26, which should drive further profitability. The company also plans to expand its global publishing business through acquisitions such as Curve Games and Fusebox, along with continued organic expenses rose 85% YoY to Rs 527.7 crore in the March quarter, driven largely by a threefold increase in advertising and promotional spend, which surged to Rs 151.03 crore. Employee benefit expenses also climbed 80.7% to Rs 79.9 esports division remained Nazara's largest revenue contributor, posting a 47% YoY growth. Gaming revenue rose 72% to Rs 156.4 crore, and the adtech vertical also reported the full financial year FY25, Nazara posted a 42.6% increase in operating revenue to Rs 1,623.9 crore from Rs 1,138.2 crore. However, net profit declined 31.8% to Rs 50.9 crore. The company recorded its highest-ever annual EBITDA at Rs 153.5 continues to raise capital to fund both organic growth and strategic acquisitions. As reported by ET on 18 April, the company has earmarked Rs 800–1,000 crore for inorganic expansion in FY26, targeting international gaming studios with strong IPs and annual revenue of around Rs 100 20 May, Nazara completed its largest international acquisition by acquiring UK-based PC and console game publisher Curve Games for Rs 247 acquisitions include Fusebox Games (UK), Moonshine Technology (parent of PokerBaazi), Comic Con India, marketing firm Publishme (focused on West Asia and Turkey), Branded (Singapore), Ninja Global (Turkey), and Paper Boat Apps, creator of this month, the National Company Law Tribunal (NCLT) approved Nazara's resolution plan to acquire Smaaash Entertainment, backed by Sachin Tendulkar, which was undergoing insolvency proceedings under the January, Plutus Wealth Management founder Arpit Khandelwal and CaratLane founder Mithun Sacheti together invested Rs 495 crore in Nazara via Axana Estates LLP, triggering a mandatory open offer. The preferential allotment at Rs 990 per share gave Axana a 5.4% stake, and the Competition Commission of India (CCI) approved the deal last to Trendlyne, the average target price for Nazara Technologies is Rs 979, indicating a downside of nearly 23% from current levels. Of the 11 analysts tracking the stock, the consensus rating is 'Hold'.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
6 days ago
- Business
- Time of India
Nazara Technologies shares in focus after Q4 revenue nearly doubles; net profit surges to Rs 4 crore
Shares of online gaming company Nazara Technologies will be in focus on Tuesday after the firm reported a 95% year-on-year (YoY) jump in operating revenue to Rs 520.2 crore in Q4FY25, even as total expenses surged due to higher marketing and employee costs. The company posted a net profit of Rs 4 crore for the quarter ended 31 March, up from Rs 0.18 crore in the year-ago period. In the post-earnings call, CEO Nitish Mittersain said Nazara expects a higher contribution from its high-margin gaming businesses in FY26, which should drive further profitability. The company also plans to expand its global publishing business through acquisitions such as Curve Games and Fusebox, along with continued organic growth. Also Read: High conviction picks! ICICI Bank, HAL among 10 large-cap stock ideas from PL Capital Expenses and segment performance Live Events Total expenses rose 85% YoY to Rs 527.7 crore in the March quarter, driven largely by a threefold increase in advertising and promotional spend, which surged to Rs 151.03 crore. Employee benefit expenses also climbed 80.7% to Rs 79.9 crore. The esports division remained Nazara's largest revenue contributor, posting a 47% YoY growth. Gaming revenue rose 72% to Rs 156.4 crore, and the adtech vertical also reported gains. For the full financial year FY25, Nazara posted a 42.6% increase in operating revenue to Rs 1,623.9 crore from Rs 1,138.2 crore. However, net profit declined 31.8% to Rs 50.9 crore. The company recorded its highest-ever annual EBITDA at Rs 153.5 crore. Acquisition push Nazara continues to raise capital to fund both organic growth and strategic acquisitions. As reported by ET on 18 April, the company has earmarked Rs 800–1,000 crore for inorganic expansion in FY26, targeting international gaming studios with strong IPs and annual revenue of around Rs 100 crore. On 20 May, Nazara completed its largest international acquisition by acquiring UK-based PC and console game publisher Curve Games for Rs 247 crore. Other acquisitions include Fusebox Games (UK), Moonshine Technology (parent of PokerBaazi), Comic Con India, marketing firm Publishme (focused on West Asia and Turkey), Branded (Singapore), Ninja Global (Turkey), and Paper Boat Apps, creator of Kiddopia. Earlier this month, the National Company Law Tribunal (NCLT) approved Nazara's resolution plan to acquire Smaaash Entertainment, backed by Sachin Tendulkar, which was undergoing insolvency proceedings under the IBC. In January, Plutus Wealth Management founder Arpit Khandelwal and CaratLane founder Mithun Sacheti together invested Rs 495 crore in Nazara via Axana Estates LLP, triggering a mandatory open offer. The preferential allotment at Rs 990 per share gave Axana a 5.4% stake, and the Competition Commission of India (CCI) approved the deal last week. Nazara Technologies share price target According to Trendlyne, the average target price for Nazara Technologies is Rs 979, indicating a downside of nearly 23% from current levels. Of the 11 analysts tracking the stock, the consensus rating is 'Hold'. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ETMarkets WhatsApp channel )
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Business Standard
7 days ago
- Business
- Business Standard
Nazara Tech posts Rs 4 cr in profit, 95% jump in revenue from ops in Q4
Nazara Technologies, the country's only listed gaming company, reported a consolidated net profit of ₹4.07 crore for the fourth quarter of FY25 (Q4FY25), a significant rise from ₹18 lakh in Q4FY24. However, the company recorded a loss of ₹9.79 crore from discontinued operations during the quarter, which weighed on overall profitability. Sequentially, net profit narrowed from ₹8.85 crore in Q3FY25. For the full year, Nazara's FY25 net profit contracted 31.82 per cent to ₹50.96 crore, down from ₹74.75 crore in FY24. The company's revenue from operations surged 95.40 per cent year-on-year to ₹520.2 crore in Q4FY25, up from ₹266.21 crore in the same period last year. Sequentially, revenue declined 2.7 per cent from ₹534.69 crore in Q3FY25. For FY25, revenue from operations rose 41 per cent to ₹1,715.44 crore, compared to ₹1,217.91 crore in FY24. Also Read Expenses rose in proportion to revenue. In Q4FY25, the company reported expenses of ₹527.72 crore across categories such as purchase of stock-in-trade; content, event, and web server costs; advertising and promotion; and commissions. This was an 85.2 per cent increase from ₹284.96 crore in Q4FY24. Sequentially, expenses were marginally down 1.75 per cent from ₹537.15 crore in Q3FY25. Nazara's share price closed 2 per cent lower at ₹1,280.95 on the BSE. Strategic acquisitions strengthen portfolio Last week, Nazara acquired UK-based PC and console game publisher Curve Games for ₹247 crore, enhancing its global publishing capabilities. The acquisition is part of Nazara's ongoing strategy to expand its interactive gaming and sports media portfolio. In January 2025, its subsidiary NODWIN Gaming received a ₹64 crore infusion from the parent company to support business and IP expansion. In September 2023, Nazara acquired a significant stake in Moonshine Technology Pvt Ltd (PokerBaazi's parent), investing ₹982 crore—comprising a ₹832 crore secondary deal and ₹150 crore in primary capital via convertible preference shares. Nazara also picked up a 15.86 per cent stake in esports platform GetMega (GetStan Technologies) for ₹18.4 crore. • In FY24 alone, Nazara announced four acquisitions: • A 48.42 per cent additional stake in Paper Boat Apps, creator of Kiddopia, for ₹300 crore • UK-based gaming studio Fusebox Games for ₹228 crore • European esports company Freaks 4U Games (via NODWIN) for approximately ₹271 crore • Sports media unit Sportskeeda's acquisition of Deltia Gaming for ₹7.5 crore In November 2023, Nazara raised ₹855 crore through a preferential issue, with participation from SBI Innovative Opportunities Fund, Junomoneta Finsol, Think India Opportunities Master Fund LP, and others.
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Business Standard
20-05-2025
- Business
- Business Standard
Nazara continues acquisition spree as it buys UK-based firm for ₹247 cr
Nazara acquires UK's Curve Games to expand global publishing and IP portfolio as part of an ongoing M&A strategy across interactive gaming and esports Mumbai Digital gaming firm Nazara Technologies has acquired UK-based PC and console game publisher Curve Games for Rs 247 crore, as it looks to strengthen its global publishing capabilities. The acquisition aligns with the company's strategy of expanding its portfolio through strategic investments in interactive gaming and sports media. Curve Games has a strong presence in major gaming markets including North America, Asia Pacific, and Europe. The company's published titles have collectively seen over 100 million downloads. Notable games include the For the King franchise, Bomber Crew, Human Fall Flat, Wobbly Life, Badlands Crew, and Dungeons of Hinterberg. 'This acquisition deepens our capabilities, brings exceptional intellectual property (IP) into our fold, and strengthens our mission to build Nazara as a global gaming powerhouse from India. Curve will also serve as a gateway to the world for Indian game developers,' said Nitish Mittersain, chief executive officer of Nazara Technologies. Nazara noted that the acquisition will enable cross-platform IP development. 'Nazara's ecosystem, access to emerging markets, and long-term orientation make them a strong strategic partner. We are aligned in our vision of building a leading global indie publishing platform, and we look forward to the next phase of growth together,' said Stuart Dinsey, executive chairman of Curve Games. The acquisition adds to a series of mergers and acquisitions undertaken by Nazara Technologies, India's only publicly listed gaming company. M&A Trail In January this year, NODWIN Gaming, a Nazara subsidiary, received an investment of Rs 64 crore from the parent company to expand its business and intellectual property portfolio. In September 2023, Nazara acquired a significant stake in Moonshine Technology Pvt Ltd (MTPL), the parent company of PokerBaazi, for Rs 982 crore. This included a 47.7 per cent stake acquired through a Rs 832 crore secondary transaction and Rs 150 crore in primary capital via compulsory convertible preference shares. Around the same time, Nazara acquired a 15.86 per cent stake in esports platform GetMega (GetStan Technologies) for Rs 18.4 crore. In FY24 alone, the company announced four acquisitions in the gaming space. These included: - A 48.42 per cent additional stake in Paper Boat Apps, developer of the children's app Kiddopia, for Rs 300 crore - UK-based gaming studio Fusebox Games for Rs 228 crore - European esports company Freaks 4U Games, via NODWIN, for approximately Rs 271 crore - Sports media subsidiary Sportskeeda's acquisition of Deltia Gaming for Rs 7.5 crore In November 2023, Nazara raised Rs 855 crore through a preferential issue, with participation from SBI Innovative Opportunities Fund, Junomoneta Finsol, Think India Opportunities Master Fund LP, and others.
Business Standard
20-05-2025
- Business
- Business Standard
Nazara acquires UK-based PC & console game publisher
Nazara Technologies announced the acquisition of 100% ownership in Curve Digital Entertainment (Curve Games), a highly reputed UK-based publisher of PC and console games for Rs 247 crore (GBP 21.7 million). This strategic move strengthens Nazara's presence in gaming, unlocking access to platforms, genres, and geographies in the US $100 bn+ global PC and console gaming market. The acquisition is consistent with Nazara's established business strategy of building a diverse portfolio of businesses through targeted acquisitions across interactive gaming and sports media. Curve Games brings a robust publishing track record, with globally recognized titles that have collectively seen over 100 million downloads. Its presence spans key gaming markets including North America, Asia Pacific, and Europe. In calendar year 2024, Curve generated Rs 263.5 crore (~GBP 24.4 million) in revenue, EBITDA of Rs 114.4 crore (~GBP 10.6 million) and PBT of Rs 49.6 crore (~GBP 4.6 million).
