Indian gaming firm Nazara Technologies has reported a loss after tax of Rs 82.47 crore from persevering with operations for the quarter ended 30 June 2026, in contrast with a revenue of Rs 36.42 crore a 12 months earlier.

Its income from operations fell 14% to Rs 428.77 crore within the first quarter of the 2027 monetary 12 months, from Rs 498.77 crore in the identical interval final 12 months.

Nazara stated the decline largely mirrored the deconsolidation of esports firm Nodwin Gaming from August 2025. Excluding Nodwin, comparable income elevated by about 9%.

Nodwin turned an affiliate after a fundraising diluted Nazara’s holding under 50%, with out Nazara promoting shares, and the corporate gave up sure controlling rights.

The quarterly loss included Rs 62.41 crore as Nazara’s share of losses from affiliate firms and an impairment cost of Rs 21.81 crore. The corporate stated it had no additional publicity to companies related to real-money gaming after recording the impairment.

Earnings earlier than curiosity, tax, depreciation and amortisation, or EBITDA, stood at Rs 46 crore, in contrast with Rs 47 crore a 12 months earlier. Its EBITDA margin elevated to 10.8% from 9.5%.

Gaming income rises

Gaming remained Nazara’s largest section, producing about 64% of income from operations.

Income from the division elevated by 14% to Rs 274.98 crore, from Rs 240.92 crore a 12 months earlier. The section recorded EBITDA of Rs 54 crore and a margin of 19.5%, with all of Nazara’s gaming companies remaining EBITDA-positive.

The corporate stated income from kids’s studying app Kiddopia elevated by 19% to Rs 54 crore, whereas cell video games studio Fusebox reported a 12% rise to Rs 82 crore. Animal Jam income grew by 11% to Rs 29 crore.

Adtech income rose by 19% to Rs 126.08 crore. Esports income fell by 82% to Rs 27.79 crore, largely as a result of Nodwin was not included as a subsidiary in Nazara’s consolidated accounts.

Together with different revenue of Rs 8.78 crore, complete revenue was Rs 437.55 crore, in contrast with Rs 575.87 crore a 12 months earlier.

Whole bills declined by about 13% to Rs 455.37 crore. Promoting and enterprise promotion was the biggest price at Rs 152.71 crore, adopted by worker profit bills of Rs 80.27 crore and content material, occasion and web-server prices of Rs 63.31 crore.

In contrast with the earlier quarter, income from operations elevated by 7.8% from Rs 397.78 crore. Nevertheless, Nazara moved from a revenue of Rs 55.70 crore within the March quarter to a loss.

Founder to go away CEO function

Nazara’s board has appointed Raymond Albaladejo Stauffer as chief govt, with the appointment anticipated to take impact from 1 September 2026, topic to the required approvals.

Stauffer is the founder of Bluetile Video games and BestPlay Techniques and beforehand labored at Google. Nazara stated he would oversee day-to-day operations, integration and portfolio efficiency, with a deal with product growth, AI, person acquisition and monetisation.

Founder Nitish Mittersain will depart the CEO function when Stauffer takes workplace however will stay managing director. He’ll deal with long-term technique, portfolio path, strategic partnerships and relationships with key stakeholders.

“I imagine that is the correct time to strengthen its leadership construction with a devoted CEO,” Mittersain stated.

Stauffer stated his precedence could be to strengthen execution whereas preserving entrepreneurial possession inside Nazara’s particular person companies.

Bluetile and BestPlay deal revised

The board additionally authorised revised industrial phrases for Nazara UK’s proposed acquisition of Spain-based Bluetile Video games and BestPlay Techniques.

Below the amended construction, Nazara UK would purchase 100% of each firms at closing for a hard and fast, all-cash consideration of $303.02 million, equal to about Rs 2,909 crore. The fee could be made in 4 tranches, with $89 million due at closing and the remaining $214 million payable by 1 April 2027.

The unique settlement, which was introduced in March, concerned the acquisition of barely greater than 50% of the companies for $100.3 million on the first closing. The remaining shares have been to be acquired later, whereas components of the consideration and performance-linked funds may have been settled in Nazara shares.

The revised association removes the share-based and earn-out elements, eliminates potential future dilution for current shareholders, and fixes the whole acquisition worth.

Bluetile and BestPlay reported mixed income of Rs 518 crore and EBITDA of Rs 55 crore through the June quarter. Nazara stated the companies have been anticipated to be consolidated into its monetary statements from the second quarter, topic to completion of the transaction.

The board additionally authorised a further funding of as much as Rs 9.9 crore in indoor household leisure firm Funky Monkeys Play Facilities. Nazara’s holding is anticipated to rise to about 68.1% on a completely diluted foundation after the transaction.

An additional unsecured mortgage of as much as Rs 24 crore was authorised for wholly owned subsidiary Smaaash Leisure.