Nazara Technologies reported a 53.5% decline in consolidated net profit for the Q3 FY25, falling to 13.7 crore rupee (US$1.58 million), down from 29.5 crore rupee (US$3.4 million) in the same quarter last year.

It also decreased by 15.4% from 16.2 crore rupee (US$1.87 million) in the previous quarter.

However, operating revenue surged 66.8% year-on-year to 534.7 crore rupee (US$61.56 million), the highest ever for the company. Key revenue contributors were gaming, esports, and adtech.

Total expenses rose 76.2% year-on-year to 530.9 crore rupee (US$61.12 million).

Nazara has been active in fundraising and acquisitions, including Pokerbaazi’s parent company, Fusebox Games, STAN, and Freaks 4U.

It is also raising 495 crore rupee (US$56.99 million) through an open offer to acquire an additional 26% stake.

Recent Nazara developments