Nazara Technologies 26th Annual Report 2024-25

Key insights

7 takeaways

01
Nazara reported consolidated revenue of ₹1,623.9 crores and its highest-ever EBITDA of ₹153.5 crores for FY 2024-25.See it on page 26
02
The Gaming segment reported ₹518.2 crores in revenue with a 19.9% margin, while Others contributed ₹1,109 crores at a 7.3% margin.See it on page 26
03
Fusebox Games reported revenue of ₹161.7 crores from August 22, 2024, with EBITDA of ₹30.2 crores.See it on page 8
04
Kiddopia's revenue fell to ₹191.8 crores in FY 2024-25 from ₹219.4 crores, while its EBITDA declined to ₹43.7 crores from ₹56.1 crores.See it on page 9
05
The company closed FY 2024-25 with a consolidated net cash position of ₹665.4 crores.See it on page 22
06
Nazara acquired C.A.T.S. and King of Thieves from ZeptoLab for an aggregate consideration of US$7.7 million, with asset ownership housed directly under the parent company.See it on page 12
07
Management expects FY 2025-26 to be a year of acceleration, with increasing contribution from high-margin gaming businesses expected to further strengthen profitability.See it on page 20

Summary

Nazara Technologies Limited's 26th Annual Report for FY 2024-25 presents the India-listed gaming company's consolidated results, segment performance, governance disclosures and audited financial statements for the year ended March 31, 2025. It describes a portfolio spanning online and offline gaming, esports, sports media and adtech, with international operations across North America, the UK, Europe and the Middle East.

The company reported consolidated revenue of ₹1,623.9 crores and its highest-ever EBITDA of ₹153.5 crores, with the Gaming segment delivering ₹518.2 crores in revenue at a 19.9% margin. Others contributed ₹1,109 crores at a 7.3% margin, according to the Founder's message. Fusebox Games reported ₹161.7 crores in revenue from August 22, 2024, while Kiddopia recorded ₹191.8 crores against ₹219.4 crores a year earlier.

The company ended the year with a consolidated net cash position of ₹665.4 crores and said it acquired C.A.T.S. and King of Thieves from ZeptoLab for US$7.7 million. Management stated that FY 2025-26 is expected to be a year of acceleration, with rising contribution from high-margin gaming businesses.