Nazara Technologies reports 95% rise in Q4 revenue as gaming, ad tech vertical boosts growth

Gaming giant Nazara Technologies on Monday reported a 95% rise in revenue to Rs 520.2 crore during the quarter ended March 31st, helped by revenue gains across its gaming, esports, and ad tech verticals.

The Mumbai-based company also saw its net profit from continuing operations attributable to equity shareholders rise to Rs 15.86 crore during this period compared to Rs 8.35 crore in the year-ago quarter. 

The esports vertical, the company’s largest segment in terms of earnings, reported a revenue of Rs 217.1 crore during the period compared to Rs 148.2 crore in FY24. However, the vertical also slightly weighed in on the company’s bottom line by reporting a loss of Rs 11.47 crore but this was offset by gains in the gaming and ad tech segments. 

Nazara’s gaming segment reported a revenue of Rs 156.41 crore compared to Rs 91.03 crore in the year-ago period, while ad tech reported a revenue of Rs 147.9 crore compared to Rs 27.49 crore in FY24. 

However, despite the jump in revenue, the company saw its expenses almost double to Rs 527.7 crore during the period compared to Rs 285 crore. 

“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,” said Nitish Mittersain, Joint Managing Director and CEO in a statement.

The gaming company has been on an acquisition spree, most recently acquiring UK-based Curve Games for Rs 247 crore as it looks to widen its product portfolio and strengthen its global publishing capabilities.

”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,” Mittersain added.

During the quarter, the company entered offline entertainment through acquisitions of Funky Monkeys and Smaaash, along with taking full ownership of Kiddopia and Sportskeeda. It also made its largest ever investment of Rs 982 crore in PokerBaazi.

In January, the company raised Rs 495 crore by selling a 5.4% stake to an entity led by existing investors Arpit Khandelwal and Mithun Sacheti, to further strengthen its capabilities to make strategic acquisitions and expand into new markets. 

Shares of Nazara fell 2% to Rs 1280.95 apiece as of Monday close, post results.