Nazara Technologies Limited — Investor Meet, 19-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Nazara's FY26 revenue reached INR 1,829 Cr (+13% YoY), with EBITDA at INR 255 Cr (+66% YoY), driven by gaming, which now contributes 90% of EBITDA. Q4 EBITDA margin was 19.5%. The Bluetile acquisition (pending FDI approval) significantly expands casual gaming and will consolidate from Q1 FY27. Management plans to accelerate FY27 growth, leveraging Centers of Excellence and AI, while eyeing divestment of non-core assets like NODWIN, Sportskeeda, and AdTech to reinvest in core gaming. NODWIN seeks a $100-200M fundraise and IPO. Outlook is confident for continued strong financial performance.