NAZARA

Nazara Technologies — Recent News & Updates

1️⃣ Recent Quarterly Performance Nazara recently posted a loss for the quarter, primarily due to an impairment/write-down related to its real-money gaming (RMG) portfolio (Moonshine/PokerBaazi). Despite the bottom-line hit, revenue grew strongly, with solid performance in subsidiaries like Kiddopia, Sportskeeda, and publishers in the global gaming segment. Operating profitability improved at the EBITDA level, showing that the core business continues to scale. 2️⃣ Impact of Online Gaming Regulation The government’s new Online Gaming Bill/Regulation has negatively impacted sentiment toward stocks linked to real-money gaming. Nazara’s share price dropped sharply after the regulatory announcement because the company has minority exposure to the RMG space. This is a sentiment overhang, even though most of Nazara’s business comes from e-sports, publishing, and gamified learning, not online gambling. 3️⃣ Strategic Shift & Expansion Nazara has been actively diversifying globally to reduce RMG dependence. A major recent acquisition was a PC/console gaming publisher (UK-based) – their biggest international acquisition to date. The company also continues to invest in content-driven platforms (like Rusk Media) to strengthen non-RMG digital entertainment.