NAZARA TECHNOLOGIES LATEST UPDATES

Financial Performance and Major Charges Nazara reported consolidated revenues of ₹526.5 crore for Q2 FY2026, representing a 65.1% year-on-year (YoY) increase. The company's EBITDA also saw a significant rise, growing 146.4% YoY to ₹62 crore. However, the company reported a net loss for the quarter, largely due to a substantial one-time impairment charge of ₹91.47 crore on its investment in Moonshine Technologies (PokerBaazi), following regulatory changes in the real-money gaming segment. Strategic Restructuring and Consolidation The company recorded a substantial one-time gain of ₹109.85 crore from the reclassification of its subsidiary NODWIN Gaming as an associate, meaning Nazara no longer exercises control over the entity. Nazara also increased its ownership in Next Wave Multimedia Private Limited (developer of World Cricket Championship) to 83.25%, with plans to acquire the remaining stake by March 2026, consolidating its ownership of key gaming IP. Expansion and New Verticals Nazara announced an aggressive expansion plan for its offline and experiential gaming division, with the goal of increasing its Funky Monkeys family entertainment center locations from the current 14-15 to 100 over the next few years. Furthermore, its subsidiary, Absolute Sports Private Limited, diversified its sports portfolio by acquiring the Mumbai franchise in the Indian Pickleball League, marking Nazara's entry into the growing sport. New Brand Identity and IP Focus The company unveiled a refreshed brand identity, including a new logo and the brand statement "Enter. Magic." This change aligns with Nazara’s continued strategy of focusing on owning and leveraging strong Intellectual Property (IP), which it believes is critical for future growth across new platforms like Roblox and the metaverse. The company is actively focusing on using new technologies, including AI-assisted coding, to improve efficiency and speed up content creation across its portfolio.