Nazara Technologies Ltd (BOM:543280)

Q4 2026 Nazara Technologies Ltd Earnings Call Transcript

May 12, 2026 / 03:30 AM GMT

Release Date Price: ₹266.95 (+1.21%)

Transcript

Key Points

Positve

Nazara Technologies Ltd (BOM:543280) reported a significant increase in revenue, reaching INR1,829 crores, with EBITDA growing 66% to INR255 crores, marking the highest ever for the company.
The gaming segment showed remarkable growth, with revenue increasing by 107% year-on-year to INR1,072 crores and EBITDA growing 157% to INR265 crores.
The acquisition of Blue Tile and Best Play expanded Nazara's casual gaming scale and AI-native capabilities, enhancing its platform.
Kidopia returned to subscriber growth, and Animal Jam expanded its margins, indicating strong performance in existing gaming businesses.
The company has developed a center of excellence playbook, strengthening user acquisition, data analytics, artificial intelligence, growth, and product development, which is expected to drive future growth.

Negative

Sportskeeda experienced a revenue decline of about 30% in FY26, with EBITDA margins dropping to around 12%, attributed to challenges with Google Core updates.
The PC and console gaming segment showed minimal growth in revenue, raising concerns about organic traffic and future growth plans.
There was a sequential decline in the AdTech segment, attributed to a shift in focus from traditional adtech businesses to tech-driven DSP business.
The company faces challenges in mitigating the seasonality in its gaming businesses, particularly with new IPs like Big Brother and Traitors.
The acquisition of Blue Tile is pending regulatory approval, which may delay the consolidation and realization of expected benefits.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NAZA.NS - Nazara Technologies Ltd
Q4 2026 Nazara Technologies Ltd Earnings Call
May 13, 2026 / 03:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Q4 FY26 Earnings Conference Call of Misala Technologies Limited, hosted by Ambit Capital.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference call, please signal an operator. By pressing then 0 on a touchstone phone.

Please note that this conference has been recorded.

I now hand the conference over to Mr. Vivekanand from Ambit Capital.

Thank you and over to you, sir.

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Unidentified_2

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