Nazara Technologies Limited, a leading diversified gaming and sports media platform, has reported its highest-ever quarterly EBITDA of $6.3 million in Q3FY25, reflecting 39% year-on-year growth. The company announced revenues of $64.2 million and a PAT of $1.6 million for the same period.
Nazara’s core Gaming segment revenues grew by 53%, fueled by strategic acquisitions, including Fusebox Games, as well as strong performance by existing games, such as Animal Jam.
The recent licensing agreements and upcoming integrations of popular entertainment IPs are further set to enhance user growth and engagement going forward. Kiddopia’s collaboration with Mattel’s Barbie and Moonbug’s Little Angel will strengthen engagement among young audiences, while partnerships with well-known franchises, including Big Brother and Bigg Boss, will enable the gaming vertical to scale.
Nazara’s latest acquisitions
The company also announced the acquisition of popular gaming IPs CATS: Crash Arena Turbo Stars and King of Thieves. These games will be operated and published by Nazara Technologies Ltd, thereby ensuring revenue and profit from these will accrue directly to the listed entity. The company intends to further scale this model in the coming quarters.
To support its expansion, the company is raising $59.4 million through a preferential equity issue to Axana Estates LLP, led by Arpit Khandelwal and Mithun Sacheti. This capital infusion, combined with Nazara’s strong cash reserves, provides the company with financial flexibility to pursue further acquisitions as well as boost organic growth to drive long-term value creation.
“This quarter’s performance reflects our continued focus on execution and growth. By expanding our gaming ecosystem, partnering with globally recognized IPs, and driving high-impact acquisitions, we are well-positioned to establish Nazara as a truly global gaming leader from India.”
Nitish Mittersain, Joint Managing Director & CEO of Nazara Technologies
