Nazara Technologies Limited — Investor Meet, 17-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Nazara Technologies reported H1 FY26 revenue of 1,025.2 Cr (+80.2% YoY) and EBITDA of 109.4 Cr (+118.5% YoY). Q2 PAT was (33.9) Cr, impacted by impairments of Moonshine Technologies (due to gaming ban) and Freaks4U (EUR 42M investment). A significant 1,098 Cr gain was recognized from Nodwin's de-subsidiarization. Core gaming, mobile IPs like Love Island, PC-console, and offline segments drove growth, with >90% gaming revenue from international markets. Strategic priorities include centers of excellence (AI, UA) and IP-led expansion. Nodwin aims for $1B revenue in 5-7 years focusing on emerging markets. Management expressed confidence in its diversified portfolio and strategic shifts.