NAP2
ROMA1
CHE0
TOT0
VAL1
VIL0
DOR0
SGE0
Samsunspor1
Amed SFK2
WIL0
CAM3
ALV0
FCA1
RIY
TAA
LAZ
PAR
RCL
PAR
MEX-W
ARG-W
ATM
DEP
UAE
NED
PAK
ENG
IND-W
ZIM-W
KHO0
ETT3
RAC2
ESP1
ARS2
EVE0
KNGHT126/6
MPUMA20/1 (3/20 ov, target 127)
NZ-A135/3 (41 ov)
IND-A113
SYL
KHU
MYMS299/4 (87 ov)
CHATT
DHA293/3 (84.1 ov)
RAJ
RAN320/5 (80 ov)
BAR
GMB
LES
MOZ
ZMB
NGA
UGA
NAM321/6
IRE290 (47.3/50 ov, target 322)
NZ180/5
IND181/6 (19.5 ov)
BHA1
WHU0
Inter Milan
Fiorentina
Churchill
Punjab FC
Athletic
Getafe
C Palace
Newcastle
COV0
FUL1
OFC0
NEU0
NEOM2
ABH0
India’s only listed gaming company delivers! Nazara Technologies reports strong Q3FY26 results with EBITDA margins expanding to 16.7% while investing in nCore Games (FAU-G) and Rusk Media.
Profit-Led Growth Strategy Pays Off
Nazara Technologies announced Q3FY26 results on February 3, 2026, showing revenue of ₹406 crores with EBITDA reaching ₹67.8 crores—up 29.4% year-over-year. EBITDA margins expanded to 16.7%, demonstrating improving operational efficiency.
Nazara Q3FY26 & 9MFY26 Financial Highlights
| Metric | Q3FY26 | 9MFY26 | YoY Growth |
|---|---|---|---|
| Revenue | ₹406 crores | ₹1,431.2 crores | 29.7% (9M) |
| EBITDA | ₹67.8 crores | ₹177.2 crores | 29.4% (Q3), 73% (9M) |
| EBITDA Margin | 16.7% | 12.4% | Expanding |
| Focus Areas | Kiddopia growth, IP expansion | Multiple engines | Scalable execution |
Kiddopia’s Turnaround Story
The educational gaming app achieved resumed subscriber growth after implementing Nazara’s Centres of Excellence in User Acquisition, Data Analytics, Growth, and Product. This marks a significant milestone after recent challenges, validating the company’s operational platform approach.
Simultaneously, Nazara expanded its IP footprint with Animal Jam on Roblox, unlocking platform-led growth opportunities beyond proprietary apps.
Strategic Investments in Indian Gaming
The board approved investment in nCore Games, developers of the “made in India” franchise FAU-G (Fearless and United Guards)—a tactical shooter game that garnered significant attention as an Indian alternative in the mobile gaming space.
Additionally, Nazara is infusing up to ₹15 crores primary capital into Rusk Media, a mobile-first IP-led entertainment platform targeting Gen-Z and Gen-A audiences. These moves underscore Nazara’s commitment to supporting India’s gaming ecosystem beyond its own portfolio.
NODWIN Gaming Delivers Strong Performance
Nazara’s associate company NODWIN Gaming delivered robust operational performance and profitability this quarter, contributing to the overall strong results. NODWIN operates esports tournaments and gaming content businesses across multiple markets.
Multiple Growth Engines Firing
CEO Nitish Mittersain highlighted disciplined execution across new launches, live content expansion, and platform extensions. The company remains focused on strategic acquisitions where Nazara’s operating platform can accelerate scale, improve unit economics, and drive long-term value.
Diverse Portfolio Powers Growth
Nazara Technologies operates a diversified gaming platform including Curve Games, Kiddopia, Animal Jam, Fusebox Games (Love Island, Big Brother, Bigg Boss), World Cricket Championship, and Sportskeeda. Offline gaming businesses like Funky Monkeys and Smaaash Entertainment, plus digital ad tech platform Datawrkz, round out the portfolio.
As India’s only publicly listed gaming company with presence across India, North America, and global markets, Nazara’s Q3 performance demonstrates the strength of its multi-platform, IP-focused strategy. For updates on Indian gaming companies, follow Technosports and check our gaming industry coverage.
