Nazara Technologies Ltd. · NSE:NAZARA
Nazara Technologies — Q1 FY26 Earnings Presentation
35 slides from Nazara Technologies's earnings presentation, Aug 12, 2025
Slide 1: Nazara Technologies Limited
Nazara Technologies Limited Nazara TM August 12, 2025 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
Slide 2: Investor Presentation Q1FY26
Building a Global Gaming Platform from India Investor Presentation Q1FY26
Slide 3: Safe Harbour
Nazara – PGConnects – Safe Harbour London This presentation and the accompanying slides (the “Presentation”), which have been prepared by Nazara Technologies Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purc
Slide 4: Q1FY26: Building Momentum Towards a Global Gaming Platform
Nazara – PGConnects – Q1FY26: Building Momentum Towards a Global Gaming Platform London Q1FY26 marks a strong start to the year. Consolidated revenue grew 99% YoY to INR 498.8 crore, while EBITDA rose 90% YoY to INR 47.4 crore. Our core gaming business delivered a 24.4% EBITDA margin, underscoring t
Slide 5: Revenue, EBITDA and PAT up by 99%, 90% and 118% in Q1FY26
Nazara – PGConnects – Q1FY26: Revenue, EBITDA and PAT up by 99%, 90% and 118% in Q1FY26 London (All figures in INR Cr unless otherwise stated) Q1FY26 Q1FY25 YoY Revenue from operations 498.8 250.1 99.4% Purchase, Content, event and web server 134.2 85.0 Advertising and promotion 124.7 40.9 Commissio
Slide 6: Core gaming margin at 24.4% in Q1FY26, overall EBITDA margin of 9.5%
Nazara – Financial Update: Core gaming margin at 24.4% in Q1FY26, overall EBITDA margin of PGConnects – London 9.5% Gaming Others Revenue: 240.9 Cr (+160% YoY) Revenue: 260.2 Cr (+65% YoY) EBITDA: 58.7 Cr (+311% YoY) EBITDA: (3) Cr EBITDA Margin: 24.4% EBITDA Margin: -1.2% Intersegment Revenue : (2.
Slide 7: Our Strategy
Our Strategy 6
Slide 8: A Global Gaming Company with Deep Presence Across Key Markets
Nazara – PGConnects – A Global Gaming Company with Deep Presence Across Key Markets London Our Presence Revenue by Geography (Q1FY26): Gaming 24% 6% 62% 8% US Office Presence India • India • US UK • UK Rest of the World • Singapore • UAE • Mauritius
Slide 9: Diversification: Our Engine for Resilient, Balanced, and Future-Ready Growth
Nazara – PGConnects – Diversification: Our Engine for Resilient, Balanced, and Future-Ready Growth London Mobile, Kids Mobile, Adults Mobile, Adults Offline Gaming, Mobile, Adults PC-Console Focused, Focused, IAP, Focused, Ad and India Focused, 18+, Platform Publishing, Subscription and Strong in IA
Slide 10: Driving Organic Growth Across Our Portfolio
Nazara – PGConnects – Driving Organic Growth Across Our Portfolio London Our proprietary value creation framework is accelerating organic growth by unlocking operating leverage, improving efficiency, and deepening user engagement across businesses Centralized expertise in UA, Access to global IPs en
Slide 11: Strategic Leadership Appointments – Strengthening Nazara's Growth Engine
Nazara – PGConnects – Strategic Leadership Appointments – Strengthening Nazara’s Growth Engine London Rohit Sharma - Executive Director, Nazara • Former Founder & CEO, POKKT Mobile Ads; ex-CEO Digital, Reliance Piyush Mishra, Head, Centre of Excellence - User Acquisition ADAG (incl. Reliance Games),
Slide 12: Upcoming Launches
Nazara – PGConnects – Strong pipeline of new games and scale up in existing games London Online Gaming Offline Gaming Growth Drivers Expansion to Scale-up of UA spends + Scale-up of UA spends Scale-up of UA spends + new platforms of existing Current IP integrations- across Love Island & Big New cont
Slide 13: A Gaming First Platform
Nazara – PGConnects – London A Gaming First Platform Nazara Q1FY26 Performance (post deconsolidation of Nodwin) Nazara – Nazara – Q1FY26: PGConnects – Q1FY26: PGConnects – London Revenue: 498.8 Cr London Revenue: 392.7 Cr EBITDA : 47.4 Cr EBITDA : 58.5 Cr Margin : 9.5% Margin : 14.9% Businesses cons
Slide 14: Gaming
GAMING 13
Slide 15: Gaming: Marquee IPs to capture the large gaming market opportunity (1/2)
Nazara – PGConnects – Gaming: Marquee IPs to capture the large gaming market opportunity (1/2) London Monetization Market Financials Brand / IP Sub-segment Demographics Key Market Model Positioning Q1 FY26, INR Cr North Revenue1: 54.6 PC / Console Digital Sales, Buyout Leading PC/ Console 5-45 years
Slide 16: Gaming: Marquee IPs to capture the large gaming market opportunity (2/2)
Nazara – PGConnects – Gaming: Marquee IPs to capture the large gaming market opportunity (2/2) London Monetization Market Financials Brand / IP Sub-segment Demographics Key Market Model Positioning Q1 FY26, INR Cr Revenue: 11.3 In-App Purchases, Popular IP in Casual Freemium 7-45 years old USA EBITD
Slide 17: Curve Games: Backing Our Winners, Investing in What's Next
Nazara – PGConnects – Curve Games: Backing Our Winners, Investing in What’s Next London Figures in INR Cr 54.6 38.0% 20.7 Q1FY26 Revenue EBITDA EBITDA% • Founded in 2005 and based in London, Curve Group is an Note: Curve is consolidated into Nazara books from 1st April 2025 independent video game pu
Slide 18: Fusebox: UA Investments Driving Sustained Growth
Nazara – PGConnects – Fusebox: UA Investments Driving Sustained Growth London Continued Growth in Q1FY26 Figures in INR Cr 73 +49% UA and content driven growth 49.0 for Love Island Fusebox has 24.5% 14.3% expanded from 12.0 10.4 a single game May 2025: Released new game studio at the based on Big Br
Slide 19: Kiddopia: Among Top Grossing App for Kids in the US
Nazara – PGConnects – Kiddopia: Among Top Grossing App for Kids (Under 5 years) in the US London Geographies: USA 80%; RoW 20% Gamified Audience: 2-8 years old Early Learning Revenue Model: Subscription Note: Based on Sensor Tower Top Apps for Kids under 5 in the United States (iPhone) 18
Slide 20: Kiddopia: Unlocking growth through IP integrations and content launches
Nazara – PGConnects – Kiddopia: Unlocking growth through IP integrations and content launches London • In Q1 FY26, Kiddopia strengthened its IP-led content strategy with several high-impact launches. A dedicated Barbie game island (Mattel) went live in April, followed by a Baby John Playroom mini-ga
Slide 21: Kiddopia: Improving Unit Economics along with IP launches
Nazara – PGConnects – Kiddopia: Improving Unit Economics along with IP launches London Figures in INR Cr Quarterly KPIs 49.0 45.4 Key Metrics1 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 CPT ($) $38.6 $40.9 $43.6 $35.0 $34.1 Marketing Spend (Mn) $2.4 $2.3 $2.3 $2.1 $2.2 21.4% 18.6% Avg. Activation Rate 67% 6
Slide 22: Animal Jam: Among Top Ranked Apps for Kids in Apple App Store
Nazara – PGConnects – Animal Jam: Among Top Ranked Apps for Kids in Apple App Store (9-11 years) London Gamified Early Learning Geographies: USA 90% RoW 10% Audience: 8-12 years old (Majority girls) Revenue Model: IAP, Subscription Note: Ranking Based on App Annie Top Grossing rank for Kids between
Slide 23: Animal Jam: 55% EBITDA growth, margin of 22.3% in Q1FY26
Nazara – PGConnects – Animal Jam: 55% EBITDA growth, margin of 22.3% in Q1FY26 London Q1 FY26: Healthy Growth and Profitability Figures in Rs. Cr +12.1% 26.4 23.6 22.3% 16.2% 5.9 3.8 Q1FY25 Q1FY26 Revenue EBITDA EBITDA% ▪ In Q1FY26, Animal Jam saw momentum in in-app purchases (IAPs). This growth wa
Slide 24: Smaaash: Reviving and reinventing business under the new ownership
Nazara – PGConnects – Smaaash: Reviving and reinventing business under the new ownership London Figures in Rs. Cr 28.1 31.6% 8.9 Q1FY26 Revenue EBITDA EBITDA% Note: Revenue and EBITDA figures above are for the Apr '25 – Jun '25 period. Smaaash consolidated into Nazara from June 6, 2025, and for this
Slide 25: Funky Monkeys: Started off FY26 on a strong center expansion note
Nazara – PGConnects – Funky Monkeys: Started off FY26 on a strong center expansion note London Robust Growth Coupled with High EBITDA Margins Figures in Rs. Cr 4.9 4.6 +6.5% 47.7% 43.5% 2.3 2.0 Q1FY25 Q1FY26 Revenue EBITDA EBITDA% • Funky Monkeys continues to cement its position in the kids outdoor
Slide 26: PokerBaazi: Rapid growth across key financial and operating metrics
Nazara – PGConnects – PokerBaazi: Rapid growth across key financial and operating metrics London • Moonshine Technology's net revenue for Q1 FY26 grew 54% YoY to Key Financials1,2 (INR Crores) INR 191.8 Cr, marking the best-ever quarter for the company. 191.8 • PokerBaazi Gross Gaming Revenue (GGR)
Slide 27: Others
Others 26
Slide 28: NODWIN Gaming: Continued growth in eSports events leading to revenue growth (1/2)
Nazara – PGConnects – NODWIN Gaming: Continued growth in eSports events leading to revenue growth (1/2) London Figures in INR Cr 106.1 +49% PUBG MOBILE Super League 71.0 Central & South Asia Spring 2025: • 200,000 total prize pool • 16M+ cumulative views across Facebook & YouTube, with 201K peak -1.
Slide 29: NODWIN Gaming: Continued growth in eSports events leading to revenue growth (2/2)
Nazara – PGConnects – NODWIN Gaming: Continued growth in eSports events leading to revenue growth (2/2) London Split 2 of the OMEN VALORANT Challengers South Asia 2025: The PUBG Mobile Global Open (PMGO) 2025 in Tashkent, Uzbekistan: • ₹29,00,000 prize pool distributed • $500,000 in prize money acro
Slide 30: De-Subsidiarisation of Nodwin Gaming
Nazara – PGConnects – De-Subsidiarisation of Nodwin Gaming London • Nodwin Gaming to raise fresh capital from certain existing shareholders to fund its next phase of growth in esports and youth media. Rationale • Nazara has chosen not to participate in this capital raise, aligning with its sharper f
Slide 31: Sportskeeda: Impacted by Google updates, recovery expected in coming quarters
Nazara – PGConnects – Sportskeeda: Impacted by Google updates, recovery expected in coming quarters London Average Monthly MAUs (million) Figures in Rs. Cr 60.9 75.1 74.3 48.1 32.4% 64.9 19.8 61.6 61.3 11.2% 5.4 Q1FY25 Q1FY26 EBITDA EBITDA% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Revenue • Market Challe
Slide 32: Sportskeeda: Other properties continue to show strong growth
Nazara – PGConnects – Sportskeeda: Other properties continue to show strong growth London Strong growth across all properties • Other properties, including Soap Central, ITR/TJR, Deltia’s Gaming, and PFN, have remained stable and are showing Sports Central and Deltia’s Gaming strong growth Revenues
Slide 33: Datawrkz: Focus on new geographies, high-margin businesses and synergies
Nazara – PGConnects – Datawrkz: Focus on new geographies, high-margin businesses and synergies London DW (incl. S&T): Revenue (INR Crores) 106.1 +313% • On a consolidated basis, Datawrkz (including Space and Time) reported a 313% 25.7 YoY revenue growth and 283% YoY EBITDA growth. • The impact of th
Slide 34: Nazara invests $1 million in Stan, a fast growing gaming community platform
Nazara – PGConnects – Nazara invests $1 million in Stan, a fast growing gaming community platform London • Incorporated in 2022 and founded by Parth Chadha, Nauman Mulla and Rahul Singh, Stan is a leading gaming community platform, creating a vibrant ecosystem for gamers and creators. • Currently, S
Slide 35: Contact Us
Nazara – PGConnects – Contact Us London Nazara – PGConnects – London 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 32