Nazara: Q3FY26 EBITDA grows 29.4% to INR 68 Cr, EBITDA margin of 16.7%

Nazara Technologies Limited ("Nazara"), a diversified global gaming platform announced its financial results for Q3FY26 and 9MFY26.

In Q3FY26, Nazara delivered revenue of INR 406 crores, with an EBITDA of INR 67.8 crores, up 29.4% YoY and margins expanding to 16.7%. For 9MFY26, revenue grew 29.7% YoY to INR 1,431.2 crores, while EBITDA increased 73% YoY to INR 177.2 crores, with margins expanding to 12.4%. Kiddopia achieved a much-awaited resumption in subscriber growth driven by Nazara's Centres of Excellence in User Acquisition, Data Analytics, Growth & Product. In parallel, the company continued to expand its IP footprint, including Animal Jam on Roblox, unlocking new platform-led growth. Nazara's associate company NODWIN gaming also delivered strong operational performance and profitability this quarter.

The board also approved an investment in nCore Games, developers of the made in India franchise 'FAU-G', as well as a primary capital infusion of up to INR 15 crores into Rusk Media, a mobile-first, IP-led entertainment platform for Gen-Z and Gen-A audiences. These investments underscore Nazara's role in supporting the Indian gaming ecosystem.

Commenting on the results, Nitish Mittersain, Joint Managing Director & CEO of Nazara Technologies, said, "Nazara continued to make strong progress in building a global gaming company. The quarter was driven by disciplined execution, improving operating efficiency, and multiple growth engines across new launches, live content expansion, and platform extensions. We remain focused on disciplined capital allocation, including through strategic acquisitions where Nazara's operating platform can accelerate scale, improve unit economics, and drive long-term value creation."

Source : Equity Bulls

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NazaraTechnologies Q3FY26 ResultUpdate