Nazara Technologies Ltd. · NSE:NAZARA
Nazara Technologies — Q1 FY27 Earnings Presentation
25 slides from Nazara Technologies's earnings presentation, Aug 3, 2026
Slide 1: Intimation of Investor Presentation to Stock Exchanges
August 03, 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: 5432
Slide 2: Q1FY27 Results: Building a Global Gaming Operating Platform
Q1FY27 Results Building a Global Gaming Operating Platform
Slide 3: Nazara: A Step-Change in Scale and Operating Capability
Nazara: A Step-Change in Scale and Operating Capability Q1FY27 marks a significant step forward in Nazara’s evolution into a global gaming operating platform. Our shared capabilitie s across user acquisition, data, product and growth are translating into stronger performance across the gaming portfo
Slide 4: 100% Acquisition of Bluetile and BestPlay Accelerated
100% Acquisition of Bluetile and BestPlay Accelerated Revised Structure (As Completed) Original Structure (As Announced) • 100% to be acquired at closing for fixed all-cash consideration of USD 303 million • Approximately 50% at closing for USD 100.3 million • USD 89 million payable at first close;
Slide 5: Q2FY27 Onwards: Scale Up through Bluetile and BestPlay Consolidation
Q2FY27 Onwards: Scale Up through Bluetile and BestPlay Consolidation Q1FY27 Revenues (INR Crore) Q1FY27 EBITDA (INR Crore) Bluetile Bluetile and and BestPlay: BestPlay: 518 55 Illustrative Illustrative Consol. 1: Consol.1: 947 101 Nazara: Nazara: 429 46 The consolidation materially increases scale;
Slide 6: Strengthening Leadership for Nazara's Next Phase of Global Scale
Strengthening Leadership for Nazara’s Next Phase of Global Scale Raymond A. Stauffer Appointed Chief Executive Officer, Effective 1 September 20261; Nitish Mittersain Continues as Founder and Managing Director Nitish Mittersain Raymond A. Stauffer Founder and Managing Director Chief Executive Office
Slide 7: Future Capital Allocation
Independent Investment Committee Oversight of Bluetile and BestPlay and Future Capital Allocation The amended Bluetile and BestPlay transaction structure was evaluated under the supervision of the newly constituted Investment Committee and approved by the Board Muraarie Rajan Mithun Padam Sacheti Vi
Slide 8: Q1FY27: Gaming IPs-Led Growth and Profitability
Q1FY27: Gaming IPs-Led Growth and Profitability Strategic Developments: Gaming-Led P&L: Business Updates: • Accelerated the 100% acquisition of • Gaming contributed INR 54 Cr of • Fusebox revenue grew 12% YoY to Bluetile and BestPlay; consolidation EBITDA INR 82 Cr begins from Q2FY27 • Consolidated
Slide 9: Gaming Revenue Grew 14% YoY at a 19.5% EBITDA Margin in Q1FY27
Gaming Revenue Grew 14% YoY at a 19.5% EBITDA Margin in Q1FY27 Gaming Others Revenue: 275 Cr (+14% YoY) Revenue: 154 Cr (-41% YoY)1 EBITDA: 54 Cr (-9% YoY) EBITDA: 4 Cr EBITDA Margin: 19.5% EBITDA Margin: 2.9% Consolidated (Before Unallocated Corporate Costs): Revenue: 429 Cr (-14% YoY)1 EBITDA: 58
Slide 10: Gaming
GAMING Level Up Your Experience
Slide 11: Bluetile and BestPlay: Revenue Grew 54% YoY in Q1FY27
Bluetile and BestPlay: Revenue Grew 54% YoY in Q1FY27 REVENUE +54% • Several new games launched (In INR Cr) • BestPlay engagement and monetisation improved through new features and LiveOps 518 • Data, ad monetisation and marketing operations improved 438 UA Spend +67% 54% • The revenue gains were re
Slide 12: Bluetile: AI-Powered Game Production Platform
Bluetile: AI-Powered Game Production Platform One production platform behind 1 2 Game Crafting Through AI Agents 3 AI-led Data and Operations every game Figma Unity Block Blitz Sort Journey Hole Rush Solitaire …and 23 more live titles, all running on the same core. Faster launches Leaner operations
Slide 13: BestPlay: Beyond Rewarded Gaming
BestPlay: Beyond Rewarded Gaming
Slide 14: Fusebox: Revenue Increased 12% YoY as User Acquisition Scaled
Fusebox: Revenue Increased 12% YoY as User Acquisition Scaled; EBITDA Maintained Fusebox Ranks #1 in Free Apps and #5 in Top Grossing Apps Category in the US (In INR Cr) 82 73 12% 36 27 10 10 Q1FY26 Q1FY27 Revenue UA EBITDA In Q1FY27, Fusebox continued to scale Love Island while investing in the gro
Slide 15: Kiddopia: Returning to Growth with Improving Unit Economics
Kiddopia: Returning to Growth with Improving Unit Economics Q1FY27 revenue grew 19% YoY; higher UA spend, deployed Growth coming at better unit economics against improving unit economics, moderated near-term 24-Month LTV/CAC2 EBITDA 2.08 (In INR Cr3) 1.92 54 45 1.80 19% 1.77 1.76 28 Q1FY26 Q2FY26 Q3
Slide 16: Animal Jam: Revenue Increased 11% YoY
Animal Jam: Revenue Increased 11% YoY Supported by Content Cadence and Growth Investment New Content Drops Supporting Revenue Growth (In INR Cr) 29 26 11% 6 5 3 3 Q1FY26 Q1FY27 Revenue UA EBITDA 15
Slide 17: Curve Games: Remaining Strongly Profitable While Funding the Next Release Slate
Curve Games: Remaining Strongly Profitable While Funding the Next Release Slate Q1FY27 Revenue Q1FY27 EBITDA EBITDA Margin INR 53 Cr INR 14 Cr 27% • Curve remained strongly profitable while investing in its future release slate • More than 60% of development investment during the quarter was allocat
Slide 18: Smaaash and Funky Monkeys: Expanding Offline IPs
Smaaash and Funky Monkeys: Expanding Offline IPs Through a Proven Operating Playbook Q1FY27 Revenue Q1FY27 EBITDA EBITDA Margin INR 34 Cr INR 11 Cr 33% Funky Monkeys Revenue in INR Cr New Smaaash 2.0 under development 8 5 58% Smaaash 2.0 will be anchored in social, competitive, immersive and technol
Slide 19: Others: Esports and AdTech
OTHERS Esports and AdTech
Slide 20: Others: Lower Revenue Following NODWIN Deconsolidation; Improved EBITDA Profile
Others: Lower Revenue Following NODWIN Deconsolidation; Improved EBITDA Profile Datawrkz (including Space & Time) Absolute Sports Q1FY27 Revenue Q1FY27 EBITDA Q1FY27 Revenue Q1FY27 EBITDA INR 126 Cr INR 3 Cr INR 28 Cr INR 1 Cr • Datawrkz's Q1FY27 performance supported by continued • Continued focus
Slide 21: NODWIN: Youth Media Strategy and IPO Readiness in Full Flow
NODWIN: Youth Media Strategy and IPO Readiness in Full Flow Business model ● Two interconnected arms: ○ Live (In-person events and activations) and ○ Content (Scripted, Broadcast, Digital) ● Content stickiness leads to discovery of interests ● Live creates super fandom, a monetization multiplier ● B
Slide 22: NODWIN: Live and Content Verticals' Synergy Leading to Operational Profitability
NODWIN: Live and Content Verticals' Synergy Leading to Operational Profitability In INR Cr Content ● NODWIN has initiated 3 new initiatives in Content: ○ Trading cards and board games ○ High-value pop-culture merchandise 9% ○ The National Math Bee with Bhanzu ● Playground IP is expanding to America
Slide 23: Financials
FINANCIALS
Slide 24: 10.8% EBITDA Margin in Q1FY27
10.8% EBITDA Margin in Q1FY27 (All figures in INR Cr) Q1FY27 Q1FY26 YoY Revenue from operations 429 499 (14%)1 Purchase, Content, event and web server 68 134 Advertising and promotion 153 125 Commission 43 40 Employee benefits 80 94 Others 39 58 Total expenses 382 451 EBITDA 46 47 (2%) EBITDA margin
Slide 25: Contact Us
Contact Us Nazara Technologies Limited Mr. Rakesh Shah CIN: L72900MH1999PLC122970 Chief Financial Officer investors@nazara.com Ms. Anupriya Sinha Das www.nazara.com Head of Corporate Development 24