Nazara Technologies Ltd. · NSE:NAZARA
Nazara Technologies — Q2 FY27 Earnings Presentation
26 slides from Nazara Technologies's earnings presentation, Oct 26, 2026
Slide 1: Intimation of Investor Presentation to Stock Exchanges
October 26, 2026 To, Listing Compliance Department Listing Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1. G Block, Dalal Street, Bandra -Kurla Complex, Bandra (East), Mumbai - 400 001. Mumbai- 400051. Scrip Code: 543
Slide 2: Q2FY27 & H1FY27 Results
Q2FY27 & H1FY27 Results Building a Global Gaming Platform
Slide 3: Q2FY27 at a Glance: EBITDA Grew by 93% to INR 120 Crores
Q2FY27 at a Glance : EBITDA Grew by 93% to Reach INR 120 Crores in Q2FY27 All figures in INR Crores Consolidated Performance: Q2FY27 Consolidated Performance: H1FY27 • Revenue: 803 (+53% YoY) • Revenue: 1,232 (+20% YoY) • EBITDA: 120 (+93% YoY) • EBITDA: 166 (+52% YoY) • EBITDA Margin: 14.9% (+311 b
Slide 4: Nazara Gaming Platform: One Platform Powering Growth Across Gaming IPs
Nazara Gaming Platform: One Platform Powering Growth Across Gaming IPs Mobile PC & Console Offline Gaming IPs \ Games and audiences across segments Tech Capital and Marketing Data and AI Product AI dev Nazara platform M&A Central creative One data stack, Shared IEC frameworks, Shared capabilities Gr
Slide 5: Platform Leadership: New Team in Place; Bluetile Integrated
Platform Leadership: New Team in Place; Bluetile Integrated Leadership Changes Raymond A. Stauffer Mithun Sacheti Arun Agarwal RS Chief Executive Officer MS Executive Director2 AA Chief Financial Officer From 16-Sep-26 From 12-Oct-26 From 16-Oct-26 • Founder and former CEO of Bluetile and • Founder
Slide 6: Platform Capabilities: Group CoEs Strengthened by Bluetile Leadership
Platform Capabilities: Group CoEs Strengthened by Bluetile Leadership Marketing Data Product Tech AN Alex NC J Judit F Florin AO Alex Osou CoE head CoE head CoE head CoE head Creative production Data architecture Prioritisation AI game development Central ad creatives built with AI; One lean, future
Slide 7: AI Runs Through the Platform: Building, Marketing and Running Games
AI Runs Through the Platform: Building, Marketing and Running Games Build games Scale games Optimising the business Tech & Product CoE In motion Marketing CoE In motion Data CoE In motion • AI development frameworks and • AI-powered ad creatives produced • AI marketplace plugins: AI analysts tools s
Slide 8: Where the Platform Plays: A $214B Market Across Segments and Geographies
Where the Platform Plays: A $214B Market Across Segments and Geographies Large global market Diversified across segments Present across geographies $214B 82% North America Global games market, 2026E of Group revenue from gaming, Q2FY27 Market by platform, 2026E Gaming revenue by segment, Q2FY27 Mobi
Slide 9: Platform in Action: Consolidated Q2FY27 EBITDA up 93% to INR 120 Crores
Platform in Action: Consolidated Q2FY27 EBITDA up 93% to INR 120 Crores Gaming1 Others Revenue: 656 (+122% YoY) Revenue: 147 EBITDA: 141 (+114% YoY) EBITDA: (0.3) EBITDA Margin: 21.5% EBITDA Margin: (0.2)% (All figures in INR Crores) Consolidated (pre-Corporate Costs) Revenue: 803 (+53% YoY) EBITDA:
Slide 10: Gaming
Gaming Mobile · PC & Console · Offline 82% 100% of Group revenue of Group EBITDA (pre-Corporate Costs) Revenue and EBITDA contribution in Q2FY27 9
Slide 11: Gaming: Existing Business EBITDA Grew by 17% in Q2FY27; Bluetile Added Scale
Gaming: Existing Business EBITDA Grew by 17% in Q2FY27; Bluetile Added Further Scale All figures in INR Crores Revenue Bridge: Q2FY26 to Q2FY271 EBITDA Bridge: Q2FY26 to Q2FY27 +64 141 +329 656 +17% YoY +11% YoY +11 66 +31 296 Q2FY26 Gaming Bluetile Q2FY27 Q2FY26 Gaming Bluetile Q2FY27 Gaming organi
Slide 12: Our Gaming Business: Growth and Profitability Across Segments
Our Gaming Business: Growth and Profitability Across Segments All figures in INR Crores Mobile PC & Console Offline Casual, kids and live-ops games across Publishing and development for premium Family entertainment centers in India global app stores platforms Bluetile's games, Love Island, Big Broth
Slide 13: Mobile Gaming: Revenue and EBITDA Grew by 167% YoY and 151%
Mobile Gaming: Revenue and EBITDA Grew by 167% YoY and 151% respectively All figures in INR Crores Revenue by business EBITDA by business YoY growth YoY growth Total +167% Total +151% • Updates for Bluetile and BestPlay are 550 covered on the next slide Kiddopia +21% Kiddopia −77% • Fusebox revenue
Slide 14: Mobile Gaming: Bluetile and BestPlay Grew Revenue 49% and EBITDA 64% YoY
Mobile Gaming: Bluetile and BestPlay Grew Revenue 49% and EBITDA 64% YoY All figures in INR Crores Gross revenue EBITDA BestPlay scaling • High-velocity app iteration: Continuous, rapid-cadence updates to onboarding, core features, and live events drove immediate revenue uplifts of +5% to +10% per k
Slide 15: Mobile Gaming: New Content Launches Provide Growth Momentum
Mobile Gaming: New Content Launches Provide Growth Momentum New ranking New game New season Love Island was the Narrative Traitors launched; Big Brother: House of #1 free game in the Opened with 4.9 and Gaming 4.6 iOS and Android Temptation, from 01- Role-Playing Sep-26 category on the US ratings re
Slide 16: PC & Console: Curve EBITDA Grew 61% YoY as Margin Rose to 38.9%
PC & Console: Curve EBITDA Grew 61% YoY as Margin Rose to 38.9% All figures in INR Crores New content launches Revenue EBITDA Sovereign Tower: Overwhelmingly Positive Response Steam reviews (2,000+ in English) · Medieval fantasy RPG on PC, released 06-Aug-26 +27% +61% 77 30 Human Fall Flat: Continue
Slide 17: Offline Gaming: EBITDA Grew 29% YoY on Flat Revenue; Margin Rose to 26.2%
Offline Gaming: EBITDA Grew 29% YoY on Flat Revenue; Margin Rose to 26.2% All figures in INR Crores Revenue EBITDA Funky Monkeys: new centers and birthdays drove growth • New centers: 10 opened in the last 12 months; centers are added every quarter +29% and newer ones are driving growth as they ramp
Slide 18: Others: AdTech · Sports Media
Others AdTech · Sports Media 17
Slide 19: Others: Sportskeeda Positive on Adjusted Basis
Others: Sportskeeda Positive on Adjusted Basis Sportskeeda ASPL incl. PFN AdTech S&T + DW Revenue Reported EBITDA Adjusted EBITDA Revenue EBITDA 23 -1.1 1.7 124 0.8 Q2FY27 Q2FY27 All figures in INR Crores • Datawrkz: Pipeline is converting into new clients; a temporary H2 dip is • PFN continues to g
Slide 20: Nazara Financials
Nazara Financials
Slide 21: Including Bluetile, EBITDA Grew by 93% to INR 120 Crores in Q2FY27
Including Bluetile, EBITDA Grew by 93% to Reach INR 120 Crores in Q2FY27 (All figures in INR Crores) Q2FY27 Q2FY26 YoY H1FY27 H1FY26 YoY Revenue from operations 1 803 526 53% 1,232 1,025 20% 1 Purchase, Content, event and web server 2 70 170 138 304 Revenue +53% YoY Advertising and promotion 2 417 1
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet 1 Assets (all figures in INR Crores) Sep-26 Mar-26 Goodwill & intangibles +INR Property, Plant and Equipment 55 53 2,924 cr Goodwill & other intangible assets 1 4,345 1,421 • Rose to INR 4,345 cr from INR Non-current Financial Assets & Other Assets 1,525 1,593 1,421 cr in
Slide 23: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (all figures in INR Crores) For H1 FY27 For FY26 Opening Cash Position (including investments and Bank deposits) 735 665 Profit before tax (from continued and discontinued operations) (54) 60 Non-cash items, non-operating items and others 251 228 Change in
Slide 24: Appendix
Appendix 23
Slide 25: H1FY27: Consolidated EBITDA Grew 52% to Reach INR 166 Crores
H1FY27: Consolidated EBITDA Grew 52% to Reach INR 166 Crores Gaming1 Others Revenue: 931 (+74% YoY) Revenue: 301 EBITDA: 194 (+56% YoY) EBITDA: 4 EBITDA Margin: 20.9% EBITDA Margin: 1.4% Consolidated (pre-Corporate Costs) Revenue: 1,232 (+20% YoY) EBITDA: 199 (+51% YoY) Margin: 16.1% Corporate Costs
Slide 26: Contact Us
Contact Us Nazara Technologies Limited Mr. Arun Agarwal CIN: L72900MH1999PLC122970 Chief Financial Officer investors@nazara.com Ms. Anupriya Sinha Das www.nazara.com Head of Corporate Development 25