Nazara Technologies
Logotype for Nazara Technologies Limited

Nazara Technologies (NAZARA) investor relations material

Nazara Technologies Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Nazara Technologies Limited
Q3 25/26 earnings summary4 Feb, 2026

Executive summary

  • Q3 FY26 revenue was INR 406 crores, down 24.1% year-over-year due to NODWIN Esports deconsolidation, but EBITDA rose 29.4% to INR 67.8 crores, with margin expansion to 16.7% from a focus on higher-margin IP-based gaming.

  • Nine-month FY26 revenue grew 29.7% year-over-year to INR 1,431.2 crores, and EBITDA increased 73% year-over-year to INR 177.2 crores, with margins at 12.4%.

  • Board approved unaudited consolidated and standalone financial results for the quarter and nine months ended 31 December 2025.

  • Growth was driven by disciplined execution, scalable IP launches, live content, and platform extensions.

Financial highlights

  • Gaming segment Q3 revenue grew 66% year-over-year to INR 257 crores, with EBITDA up 87% to INR 64.2 crores and a 25% margin.

  • Mobile gaming revenue for nine months was INR 534.7 crores, up 48% year-over-year, with EBITDA at INR 99.2 crores, up 43%.

  • AdTech revenue up 86% year-over-year for nine months, with EBITDA up 95%.

  • NODWIN Gaming Q3 revenue up 58% year-over-year to INR 261 crores, EBITDA at INR 40 crores.

  • Consolidated revenue for the quarter was ₹40,597 lakhs, with net profit of ₹1,702 lakhs; nine-month revenue was ₹143,120 lakhs and net profit ₹9,283 lakhs.

Outlook and guidance

  • Management expects margin expansion to continue, targeting over 20% as the business focuses on core IP-driven gaming.

  • Growth in FY27 expected from new IP launches in Fusebox, continued Kiddopia expansion, offline gaming (Funky Monkeyss, Smaaash), and new titles from Curve and WildWorks.

  • Despite significant impairment losses, the group and standalone net worth remain strong, indicating continued financial stability.

  • No specific numerical guidance provided.

Online Gaming Act: Future business strategy
Basis for no GST liability anticipation
Nodwin's Freaks 4U impairment: Portfolio impact
Kiddopia: When will UA spend yield margin growth?
NODWIN: How sustainable is core business profitability?
Absolute Sports: Diversification post Google update
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Nazara Technologies earnings date

Logotype for Nazara Technologies Limited
Q4 25/2626 May, 2026
Nazara Technologies
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Nazara Technologies earnings date

Logotype for Nazara Technologies Limited
Q4 25/2626 May, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage