Nazara Technologies Limited — Investor Meet, 02-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Nazara reported FY25 revenue of INR 1,624 Cr, up 3.6x since IPO, with EBITDA at INR 153.5 Cr and PAT of INR 62.5 Cr. Q4 revenue surged 95% YoY to INR 520.2 Cr, delivering a 21.4% gaming EBITDA margin. Key acquisitions like Fusebox, Curve Games, PokerBaazi, Nodwin, Kiddopia, and Funky Monkeys broadened its gaming portfolio and markets. PokerBaazi drives real money gaming despite short-term losses from brand-building. Nodwin targets esports and live events with long-term potential, while Kiddopia shows recovery signs. The focus remains on profitable growth, organic scaling, and global expansion, with expectations of margin improvement supported by AI and app store commission benefits.