Nazara Technologies has announced its financial results for the fiscal year ending March 31, 2026, highlighting significant growth and profitability. The company achieved its highest-ever EBITDA of ₹255 crore, marking a 66% increase compared to the previous year. This growth was accompanied by a robust EBITDA margin of 13.9%, reflecting an improvement of 450 basis points year-on-year.
The company’s pre-tax operating cash flow also saw a substantial rise, growing by 81% year-on-year to reach ₹213 crore. The conversion from EBITDA to operating cash flow improved to 84%, showcasing the company’s strong cash generation capabilities.
Gaming has become a major contributor to Nazara’s financial performance, accounting for 90% of the EBITDA in FY26, up from 56% a year ago. This shift underscores Nazara’s enhanced focus on core gaming activities, with the company increasingly positioning itself as a high-margin, globally diversified gaming business across mobile, PC, console, and offline gaming.
Nazara’s platform capabilities expanded significantly in FY26 with the acquisition of Bluetile and BestPlay. These acquisitions are expected to add significant scale to the company in FY27, bringing casual gaming intellectual properties, AI-native development capabilities, and a rewarded engagement network into the fold.
In terms of revenue, Nazara reported ₹1,829 crore for FY26, a 13% year-on-year increase. The company’s Q4 revenue stood at ₹398 crore, with an EBITDA of ₹78 crore, reflecting a 19.5% margin and a 52% year-on-year growth in EBITDA.
The company’s diversified gaming revenue portfolio includes titles such as Love Island, Kiddopia, and Human Fall Flat, with no single game contributing more than 30% of the total revenue. The consolidation of Bluetile and BestPlay in FY27 is anticipated to further scale gaming revenues and EBITDA.
Nazara’s operating system, which integrates user acquisition, data analytics, artificial intelligence, growth, and product development, continues to drive its success. The company is focused on leveraging these capabilities to enhance its gaming IPs and expand its global reach.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).