Nazara Technologies Ltd. · NSE:NAZARA
Nazara Technologies — Q4 FY26 Earnings Presentation
30 slides from Nazara Technologies's earnings presentation, May 12, 2026
Slide 1: Intimation of Investor Presentation for Quarter and Year ended March 31, 2026
May 12, 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: 543280
Slide 2: Q4FY26 and FY26 Results
Q4FY26 and FY26 Results Building A Global Gaming Operating Platform
Slide 3: Nazara: Profit-Led Growth, Strategic Scale, and a Proven Playbook
Nazara: Profit-Led Growth, Strategic Scale, and a Proven Playbook FY26 was a pivotal year for Nazara. We delivered our highest-ever EBITDA at INR 255 crores, with EBITDA growing 66% year-on-year and Q4 margins reaching 19.5%. The momentum in the business was accompanied by strong cash generation. Pr
Slide 4: FY26 At A Glance: A Larger, More Profitable Nazara
FY26 At A Glance: A Larger, More Profitable Nazara Key Updates: Nazara Gaming OS: Largest M&A to date: • Kiddopia sustained growth; Animal Jam • UA, Data, Growth & Product COEs now • Bluetile & BestPlay: 17 casual puzzle IPs; EBITDA margins expanded to 25.4%; group-level platform infrastructure 22 m
Slide 5: FY26 At A Glance: Gaming Revenue Diversified Across Titles
FY26 At A Glance: Nazara's Gaming Revenue - Diversified Across Titles, Resilient by Design FY26 Nazara-level EBITDA Contribution (pre-Corporate FY26 Gaming Revenue Contribution by Game Costs) 10% Others Love Island 30% 27% Kiddopia Smaaash 18% 90% 7% Animal Jam 10% Human Fall Flat 8% Gaming Others •
Slide 6: Nazara Gaming OS: 40+ IPs Across Multiple Gaming Segments
Nazara Gaming OS: 40+ IPs across Multiple Gaming Segments, One Operating System Mobile Gaming PC and Console Publishing Offline Gaming Existing Games New Launches (FY26) Funky Monkeys: • 10 additional centres in FY26 • Deepening presence in Mumbai and Bangalore • Foray into Hyderabad and Surat To co
Slide 7: Nazara Gaming OS: AI Embedded Across the Full Game Lifecycle
Nazara Gaming OS: AI Embedded Across the Full Game Lifecycle Pillar 1: Time to Market Pillar 2: Go to Market Pillar 3: AI driven LiveOps Build faster. Create cheaper. Launch more. Spend AI connected to smarter, Acquire data live campaign better.surfaces Keep players longer. Spend less to do it. • Be
Slide 8: Highlights: Kiddopia Back to Growth through COE-led Initiatives
Highlights: Kiddopia Back to Growth through COE-led Initiatives (In INR Cr) Q4FY26: 8% revenue growth; higher marketing spend with Subscribers improved unit economics offset EBITDA in the short term 222,584 219,180 220,362 50 215,863 46 212,551 30 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 18 9 2 24-Month L
Slide 9: Kiddopia: Higher ARPU and Stable UA Efficiency
Kiddopia: Higher ARPU and Stable UA Efficiency Unlock Room for Increased Marketing Investments Quarterly KPIs Notes: 1. Metrics for iOS 8
Slide 10: Highlights: How the COE Machine Works
Highlights: How the COE Machine Works 1 2 3 4 9
Slide 11: Highlights: Narrative Engine Powers a Multi-IP Franchise
Highlights: Narrative Engine Powers a Multi-IP Franchise To come in FY27.. The Traitors in development for (In INR CR.) H1FY27 - 4th IP in the studio 318 260 In FY26 Love Island led growth in 60 68 revenues; 2 new games launched; 4th IP signed FY25 FY26 At Acquisition Revenue EBITDA Love Island was
Slide 12: Highlights: Animal Jam - Margin Expansion in FY26
Highlights: Animal Jam - Margin Expansion in FY26; Platform Extension FY26 Revenue FY26 EBITDA EBITDA Margin Q4FY26: Trajectory Accelerating INR 108 Cr INR 27 Cr 25.0% +4% +44% 25.4% +3% YoY +23% YoY +410 bps (from 20.9%) Rev EBITDA Margin Margin Expansion Growth Initiatives Underway LiveOps & Conte
Slide 13: Highlights: PC & Console Publishing
Highlights: PC & Console Publishing - High-Margin Platform With Strong Execution FY26 Revenue FY26 EBITDA EBITDA Margin INR 261 Cr INR 101 Cr ~39.1% Strength of IPs on PC and Console New IPs in Pipeline Human Fall Flat: 58 million units sold worldwide since launch and entering its 10th anniversary.
Slide 14: Highlights: Funky Monkey and Smaaash - Offline IP Expansion
Highlights: Funky Monkey and Smaaash - Offline IP Expansion on a Proven Playbook FY26 Revenue FY26 EBITDA EBITDA Margin INR 99 Cr INR 27 Cr ~27.4% Funky Monkeys Stores in FY26 New Smaaash 2.0 under development No. of Stores at the end of quarter Smaaash 2.0 will be anchored in social competitive, 20
Slide 15: M&A: Nazara's Acquisition of Bluetile and BestPlay
M&A: Entering AI-driven Gaming - Nazara's Acquisition of Bluetile and BestPlay Bluetile and BestPlay bring AI-native development, proven profitability, integrated distribution and portfolio diversification to Nazara's global gaming ecosystem Note: * Bluetile will be consolidated from FY27 onwards, s
Slide 16: M&A: Diversified Portfolio of High-Growth Casual, Social Games
M&A: Diversified Portfolio of High-Growth Casual, Social Games 15
Slide 17: Financials
FINANCIALS
Slide 18: 19.5% EBITDA Margin in Q4FY26; ~13% Revenue Growth in FY26
19.5% EBITDA Margin in Q4FY26; ~13% Revenue Growth, ~66% EBITDA growth in FY26 (All figures in INR Crs.) Q4FY26 Q4FY25 YoY 12MFY26 12MFY25 YoY Revenue from operations 398 520 (24)%* 1,829 1,624 13% Purchase, Content, event and web server 68 164 457 548 Advertising and promotion 111 151 461 377 Commi
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (in INR Crs) Mar-26 Mar-25 Property, Plant and Equipment 53 49 Goodwill & other intangible assets 1,421 1,695 Non-current Financial Assets & Other Assets 1,593 1,124 Income Tax & Deferred Tax Asset 65 42 Cash balance, Bank FDs and Current Investments 735 665 Other C
Slide 20: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars For FY26 For FY25 (in INR Cr) Opening Cash Position (including investments and Bank deposits) 665 1,458 Profit before tax (from continued and discontinued operations) 60 66 Non-cash items, non-operating items and others 228 100 Change in working capital (7
Slide 21: Gaming
GAMING Level Up Your Experience
Slide 22: Mobile Gaming: Growth of 38% in Revenue and 33% in EBITDA in FY26
Mobile Gaming: Growth of 38% in Revenue and 33% in EBITDA in FY26 Q4FY26 Performance (INR Crores) FY26 Performance (INR Crores) Revenue EBITDA Revenue EBITDA Kiddopia: Scaled UA at lower CPT; higher 178 ARPU driving better unit economics & 713 137 171 improved 24-month LTV/CAC 18.00 75 13.00 38 13 5
Slide 23: PC & Console Publishing: High-margin Monetization
PC & Console Publishing: High-margin Monetization + Expanding Platform Reach Performance (In INR crores) 261 101 74 34 Note: Curve is consolidated into Nazara books from 1st April 2025 Q4FY26 FY26 Revenue EBITDA 22
Slide 24: Offline Gaming: 27% EBITDA Margin in FY26
Offline Gaming: 27% EBITDA Margin in FY26 Performance (In INR crores) 99 26 27 4 Q4FY26 FY26 Revenue EBITDA Note: 1. FY26 Smaaash – INR 76 Cr in Revenue and 15 Cr in EBITDA; FY26 Funky Monkeys – INR 23 Cr in Revenue and INR 12 Cr in EBITDA 2. Q4FY26 Smaaash – INR 19 Cr in Revenue and INR 1 Cr in EBI
Slide 25: Others: Esports and AdTech
PO) ~~ \s OTHERS Esports and AdTech 2,
Slide 26: AdTech: Revenue Up 32% YoY, EBITDA Up 32% YoY in FY26
AdTech: Revenue Up 32% YoY, EBITDA Up 32% YoY in FY26 Revenue (INR Crores) EBITDA (INR Crores) 1.3X 1.3X 454 26 346 20 FY25 FY26 FY25 FY26 Note: Revenue and EBITDA data for FY25 for Space & Time is only for the post-consolidation period (October 2024 to March 31, 2025) 25
Slide 27: Sportskeeda: Cost Optimization Remains In-Focus
Sportskeeda: Cost Optimization Remains In-Focus Amid Google Update Impact Performance (In INR crores) 147 32 18 4 Q4FY26 FY26 Revenue EBITDA • Notwithstanding the year-on-year revenue decline, Sportskeeda maintained profitability across both the quarter and the full year through rigorous cost discip
Slide 28: NODWIN: Youth Media Strategy and IPO Readiness
NODWIN: Youth Media Strategy and IPO Readiness in Full Flow Business model • Two interconnected arms: Live (In person events & activations) and Content (Scripted, broadcast, digital) Content stickiness leads to fandom, built on which live created a monetization multiplier, which in turn leads to mor
Slide 29: NODWIN: Live and Content Verticals' Synergy Leading to Operational Profitability
NODWIN: Live and Content Verticals' Synergy Leading to Operational Profitability Revenue (INR Crores) EBITDA (INR Crores) Revenue (INR Crores) EBITDA (INR Crores) 1.3X 4 Turnaround year; Deconsolidation of 21 Focus on Profitable Freaks4U Growth 150 128 658 524 -4 -14 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q
Slide 30: 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 29