Latest news with #NitishMittersain
Time of India
27-05-2025
- Business
- Time of India
Nazara's Q4 Revenue up 95% to `520 crore
HighlightsNazara Technologies reported a 95 percent year-on-year increase in fourth-quarter operating revenue, reaching ₹520.2 crore. The company's total expenses surged by 85 percent year-on-year to ₹527.7 crore, primarily due to a threefold increase in advertising and promotional spending. Chief Executive Officer Nitish Mittersain stated that Nazara expects greater contributions from high-margin gaming businesses and plans to expand its global publishing business through acquisitions. Online gaming firm Nazara Technologies has reported a 95 per cent year-on-year (y-o-y) increase in fourth-quarter operating revenue at ₹520.2 crore, even as total expenses surged due to rising marketing and employee costs . The Mumbai-headquartered company reported a net profit of ₹4 crore for the quarter ending March 31 compared with ₹0.18 crore a year ago. During the company's earnings call, chief executive Nitish Mittersain said Nazara expects greater contribution from high-margin gaming businesses in the current fiscal year, which should improve profitability. The company also plans to expand its global publishing business through acquisitions such as Curve Games and Fusebox, alongside continued organic growth. Expenses and segment performance Nazara's total fourth-quarter expenses rose by 85 per cent y-o-y to ₹527.7 crore, primarily driven by a threefold increase in advertising and promotional spending, which jumped to ₹151.03 crore.
Economic Times
27-05-2025
- 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
27-05-2025
- 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 )
Business Standard
26-05-2025
- Business
- Business Standard
Nazara Tech slides as Q4 PAT fall 19% YoY to Rs 14 cr
Nazara Technologies declined 2.84% to Rs 1,270 after the company reported 19.17% decline in consolidated net profit from continuing operations to Rs 13.78 crore in Q4 FY25 as against Rs 17.05 crore posted in Q4 FY24. Revenue from operations soared 95.40% YoY to Rs 520.20 crore in the quarter ended 31 March 2025. Profit before tax (PBT) fell 66.09% YoY to Rs 5.74 crore in Q4 FY25. EBITDA jumped 74.4% to Rs 51 crore in Q4 FY25, compared with Rs 29.3 crore posted in the corresponding quarter last year. However, the EBITDA margin reduced to 9.8% in Q4 FY25 as against 11% in Q4 FY24. Growth was driven by solid momentum in the core gaming portfolio, particularly Fusebox and Animal Jam, along with improved unit economics in Kiddopia. Margins remained resilient despite elevated user acquisition investments and new IP integrations. On the segmental front, revenue from the gaming business stood at Rs 156.41 crore (up 71.82% YoY), revenue from the eSports business was Rs 217.11 crore (up 46.52% YoY), while revenue from the Ad Tech segment stood at Rs 147.90 crore (up 438.01% YoY) during the period under review. The company also operationalized its centers of excellence in user acquisition, analytics, and AI, embedding cross-group efficiencies and unlocking organic scale. FY26 is expected to mark a step-change, with rising contribution from high-margin gaming verticals set to further boost profitability and drive global expansion. Nitish Mittersain, Jt. Managing Director & CEO, commented, FY25 has been a pivotal year in Nazaras journeymarked by record profitability, deeper control across key businesses, and the successful execution of our Nazara 3.0 strategy. We strengthened our core by fullyning 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 worlds top gaming publishers. Nazara is not just leading the gaming industry in Indiait is steadily establishing itself as a rising force on the global gaming stage. Meanwhile, the companys board has approved the merger of its wholly owned subsidiary, Paper Boat Apps, with Nazara Technologies, under relevant sections of the Companies Act, 2013. The Board approved this on 14 November 2024 and notified the Exchanges the same day. The mergers effective date has been changed from 1 October 2024 to 1 April 2025, subject to approval by the National Company Law Tribunal, Mumbai. Further, the board has granted in-principle approval to the companys wholly-owned subsidiary(ies) for inter-se unsecured loans totaling up to Rs 75 crore, in addition to the amount approved in the Board meeting held on 20 May 2025 and intimated to the exchanges on the same date. Nazara Technologies is Indias only publicly listed gaming company with a diversified portfolio of businesses across interactive gaming, esports, and sports media. Its key businesses include Kiddopia, Animal Jam, Fusebox Games (Love Island, Big Brother), World Cricket Championship, and Sportskeeda. Nazara also operates Datawrkz, a digital ad tech business driving monetization and user acquisition. With a presence in India, North America, and other global markets, Nazara is building a gaming-first platform with strong IP, publishing, and operating capabilities.
Time of India
26-05-2025
- Business
- Time of India
Nazara Tech Q4 results: Cons PAT doubles YoY to Rs 16 crore, revenue rises by 95%
Nazara Technologies reported a 90% year-on-year growth in its Q4FY25 consolidated net profit at Rs 16 crore versus Rs 8 crore in the year ago period. The profit is attributable to the equity holders of the company. The gaming company's revenue from operations surged 95% at Rs 520 crore over Rs 266 crore reported in the corresponding quarter of the last financial year. The profit after tax (PAT) was down 40% on a sequential basis versus Rs 26 crore reported in Q3FY25 while the revenue too, fell nearly 3% against Rs 535 crore in the October-December quarter of FY25. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Nazara Technologies reported its highest ever annual Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) of Rs 153.5 crore in FY25 on revenues of Rs 1,624 crores, with its core gaming business delivering a healthy 19.9% EBITDA margin and overall EBITDA margins of 9.4%. This performance reflects the strength of Nazara's diversified portfolio, disciplined execution, and focused pivot toward high-margin gaming segments. PAT from continued operations was Rs 62.5 crores and pre-tax operating cash flow came in at Rs 118.3 crores, underscoring the company's strong cash generation and prudent financial management. Live Events In Q4 FY25, the EBITDA stood at Rs 51 crores jumping by 74%. Growth was driven by solid momentum in the core gaming portfolio, particularly Fusebox and Animal Jam, along with improved unit economics in Kiddopia. The company said that its margins remained resilient despite elevated user acquisition investments and new IP integrations. Key FY25 strategic highlights: -- Expanded into narrative mobile gaming through the acquisition of Fusebox Games. -- Entered offline entertainment by acquiring Funky Monkeys and Smaaash, creating a 360° gaming ecosystem. -- Took full ownership of Kiddopia and Sportskeeda, enabling fungible cash flows and faster integration. -- Made its largest investment to date in PokerBaazi, reinforcing leadership in skill-based real money gaming. -- Licensed and integrated global IPslike C.A.T.S. and King of Thieves, enhancing long-term cash flow visibility. Management commentary Commenting on the company's earnings, Joint Managing Director & CEO Nitish Mittersain said that FY25 was a pivotal year in Nazara, 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,' he said.
