Nazara Technologies has posted strong financial results for Q3 FY25, reporting revenue of ₹534.7 crores ($61.5 million) and its highest-ever quarterly EBITDA of ₹52.4 crores ($6.3 million), reflecting a 39% year-on-year growth. The company also recorded a Profit After Tax (PAT) of approximately ₹13.7 crores ($1.7 million) for the quarter.
For the nine months ending December 2024, Nazara recorded a total revenue of ₹1103.7 crores ($127 million), with a Profit After Tax (PAT) of ₹53.5 crores ($6.2 million). The company's EBITDA during this period stood at ₹102.4 crores ($11.8 million), reflecting strong operational performance and sustained growth.
The significant revenue growth was primarily driven by the expansion of its core gaming segment, which saw a 53% increase. According to Nitish Mittersain, CEO & founder of Nazara Technologies Limited, this surge was fueled by acquisitions such as Fusebox Games and the strong performance of titles like Animal Jam.
Strategic Acquisitions and IP Expansion
Nazara has been actively expanding its gaming portfolio. The company recently acquired two new gaming intellectual properties (IPs), Cats: Crash Arena Turbo Stars and King of Thieves, which will now be managed and published by Nazara Technologies. These acquisitions are expected to strengthen the company’s position in the mobile gaming space.
Further growth is anticipated through key licensing agreements. Nazara is integrating popular global IPs into its ecosystem, including Kiddopia’s collaboration with Mattel’s Barbie and Moonbug’s Little Angel. These partnerships are expected to enhance user engagement and drive further expansion.
Future Growth and Investment
Nazara’s leadership remains confident in its strategic direction. "This quarter’s performance reflects our continued focus on execution and growth," said Mittersain. "By expanding our gaming ecosystem, partnering with globally recognized IPs, and driving high-impact acquisitions, we are well-positioned to establish Nazara as a truly global gaming leader from India."
To support its growth strategy, Nazara recently raised ₹495 crores ($57 million) through a preferential equity issue to Axana Estates LLP. This investment, led by Arpit Khandelwal and Mithun Sacheti, grants Axana a 5.40% stake in the company at ₹990 ($11.44) per share. The funds will provide Nazara with the financial flexibility needed to pursue further acquisitions and accelerate organic growth. (Thanks PG.Biz)
With a strong financial performance and a series of strategic moves, Nazara Technologies is poised to solidify its position as a leading force in the global gaming industry.
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