Nazara Posts Record Rs 1.53 Billion EBITDA in FY25

27 May 2025 CW Team

Nazara Technologies Limited reported its highest-ever annual EBITDA of Rs 1.535 billion for FY25, on revenues of Rs 16.24 billion. The company achieved an overall EBITDA margin of 9.4 per cent, with its core gaming segment delivering a robust 19.9 per cent margin. Profit after tax from continuing operations stood at Rs 625 million, while pre-tax operating cash flow reached Rs 1.183 billion, reflecting strong financial discipline and cash generation.

In Q4 FY25, Nazara posted revenue of Rs 5.2 billion—a 95 per cent year-on-year increase—and EBITDA of Rs 510 million, up 74 per cent. This growth was fuelled by continued traction in its core gaming titles, notably Fusebox and Animal Jam, as well as improved unit economics in Kiddopia. Margins remained steady despite increased investments in user acquisition and new IP integration.

Key FY25 Milestones:

15. Acquired Fusebox Games, expanding into narrative mobile gaming

16. Entered offline entertainment with Funky Monkeys and Smaaash

17. Took full ownership of Kiddopia and Sportskeeda to streamline operations

18. Invested in PokerBaazi, bolstering its real-money gaming footprint

19. Licensed global IPs like C.A.T.S. and King of Thieves to strengthen cash flow visibility

Nazara also launched Centres of Excellence in User Acquisition, Analytics, and AI to drive operational efficiency and unlock organic scale across group companies.

CEO Nitish Mittersain noted that FY25 was pivotal, marked by record profitability and deeper control over high-performing assets. He added that Nazara’s Nazara 3.0 strategy has positioned the company for global scale with stronger IP-led offerings. As FY26 begins, the company expects higher contributions from its premium gaming segments, propelling further growth across North America and Europe.

With a reinforced presence in both online and offline gaming ecosystems, Nazara aims to continue building a high-margin, globally recognised gaming platform in the year ahead.

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