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India’s gaming firm Nazara posts 53% revenue growth in Q2
Nazara Technologies, an India-listed gaming company, said on October 26 that its Q2 FY27 revenue rose 53% year on year to 8 billion rupees (US$84 million). The quarter was the first to include Bluetile and BestPlay, which were consolidated from August 1.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 93% to 1.2 billion rupees (US$12.6 million).
Profit after tax from continuing operations was 350 million rupees (US$3.67 million), compared with a loss of 340 million rupees (US$3.57 million) a year earlier. Gaming contributed 82% of total revenue.
Bluetile and BestPlay generated 3.3 billion rupees (US$34.6 million) in revenue in their first two months under Nazara. Nazara had planned to acquire a 50% controlling stake in both businesses, identified as Bluetile Games and BestPlay Systems.
Raymond A. Stauffer, founder of Bluetile and BestPlay, became Nazara’s CEO on September 16. Arun Agarwal, former global CFO of Ness Digital Engineering, joined Nazara as CFO on October 16.
🔗 Source: Nazara Technologies Limited
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