Nazara reports $61.5 million revenue in Q3 FY25 as gaming segment grows 53%
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Nazara reported its highest-ever quarterly EBITDA of ₹52.4 crores ($6.3 million) in Q3 FY25, reflecting a 39% year-on-year growth.
Revenues stood at ₹534.7 crores ($61.5m) and a Profit After Tax (PAT) of approximately ₹13.7 crores $1.7m for the same period.
Nazara said its core gaming segment revenue grew by 53% driven by acquisitions like Fusebox Games and strong performances from games such as Animal Jam.
The Mumbai-based company has also acquired two gaming IPs, Cats: Crash Arena Turbo Stars and King of Thieves, which will now be operated and published by Nazara Technologies Ltd.
Moreover, Nazara expects upcoming licensing agreements and integrations with IPs like Kiddopia’s collaboration with Mattel’s Barbie and Moonbug’s Little Angel to boost user growth and engagement.
Ecosystem expansion
“This quarter’s performance reflects our continued focus on execution and growth,” said Nazara CEO and joint MD Nitish Mittersain. 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.”
Last month, Nazara raised ₹495 crores ($57m) through a preferential equity issue to Axana Estates LLP, led by Arpit Khandelwal and Mithun Sacheti, to support its expansion.
The investment will see Axana acquire a 5.40% stake through a preferential issue of shares priced at ₹990 ($11.44) each. Nazara said the capital gives the company financial flexibility to pursue acquisitions and boost organic growth.
