Nazara Technologies is the leading India-based diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America, and offerings across the interactive gaming, eSports, and gamified early learning ecosystems. Established in 1999, the company operates a range of gaming platforms and has a strong market presence in the entertainment industry.
The Company operates through three segments: Gaming, eSports, and Ad tech. The Company's distribution pipelines/network with approximately 52 telcos are located in 58 countries including Africa, the Middle East, and South Asia.
The company owns some of the most recognizable IP, including WCC and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay Technologies Private Limited ("Halaplay") and Qunami in skill-based, fantasy, and trivia.
Nazara was among the first entrants in the Indian market in eSports (through Nodwin) and cricket simulation (through Nextwave). The company has strategically positioned itself across multiple high-growth segments within the digital entertainment ecosystem.
According to investor presentations, the gaming segment generated a revenue of ₹406.4 Crore in FY24. Nearly half of this revenue came from Kiddopia, a subscription-based gamified early learning app with over 5 million downloads on Google Play.
However, a major chunk of Nazara's revenue came from its esports category, which brought in ₹631.7 Crore in FY24. This segment has been a key growth driver for the company, with strong performance from subsidiaries like Nodwin Gaming and Sportskeeda.
Nazara Technologies has a Market Cap of ₹12,136 Crore as of June 2025, reflecting the company's strong market position. Company is almost debt-free, which provides financial flexibility for growth investments and acquisitions.
For Q3 FY25, Nazara Technologies Ltd's revenue jumped 64.3% since last year same period to ₹556.63 Crore. Nazara Technologies Ltd's net profit jumped 19.05% since last year same period to ₹30.68 Crore.
For the full year FY25, Nazara's FY25 net profit contracted 31.82% to ₹50.96 Crore, down from ₹74.75 Crore in FY24, primarily due to restructuring costs and write-offs from discontinued operations.
The company's quarterly financial performance shows:
- Q3 FY25: Revenue of ₹556.63 Crore, Net Profit of ₹30.68 Crore.
- Q4 FY25: Net profit of ₹4.07 Crore for the fourth quarter of FY25 (Q4FY25), almost 50% decline from the same period last year.
- Annual FY25: Total revenue rose 24.8% to ₹1,040.3 Crore in FY25.
Nazara Technologies shares have given 75% returns in the past one year. The stock went public in March 2021 at ₹1,101 per share, making it the first Indian gaming company to be listed on the stock exchanges.
Nazara Technologies Limited informs the Exchange regarding a press release dated May 20, 2025, titled "Nazara Acquires UK Based PC & Console Gaming Publisher Curve Games for INR 247 Crores". This acquisition represents a strategic move to expand into the PC and console gaming market.
Nazara's subsidiary Nodwin acquires 92.3% of AFK Gaming for INR 7.58 Crore, making AFK a step-down subsidiary. These acquisitions demonstrate the company's focus on expanding its gaming ecosystem through strategic investments.
Nazara's subsidiary invests USD 1M for 1.54% in Getstan, raising stake to 14.57%, expanding gaming ecosystem. The company has been establishing partnerships with global IP owners, distributors, and mobile network operators. The company has been actively expanding its presence across various geographies and continues to invest in technology and content development.
The company has a strong focus on acquiring and developing gaming IPs, which has been a key component of its growth strategy. This includes both organic development and strategic acquisitions to strengthen its portfolio across different gaming verticals.
Nazara has been a beneficiary of the growing gaming industry in India, which has seen significant growth driven by increasing smartphone penetration and improved internet connectivity. The company is well-positioned to capitalize on the expanding digital entertainment market across its key regions.
The company's diversified portfolio across gaming, eSports, and educational content positions it to benefit from multiple growth trends in the digital entertainment space. With strong brand recognition and established distribution networks, Nazara continues to be a significant player in India's gaming and digital media landscape.
