Nazara Applied sciences Restricted introduced its monetary outcomes for the third quarter and 9 months ended December 2025.

For Q3 FY26, Nazara posted working income of Rs 406 crore, down 24% from Rs 535 crore in the identical quarter final yr.

The corporate, nonetheless, reported EBITDA of Rs 67.8 crore for the quarter, up 29.4% year-on-year, with margins increasing to 16.7%, reflecting decrease prices and improved working effectivity.

Nazara returned to profitability after reporting a loss within the earlier quarter following write-offs, though web revenue declined 36% year-on-year to Rs 9 crore in Q3 FY26, in contrast with Rs 14 crore in Q3 FY25.

Together with non-operating earnings of Rs 11 crore, complete income stood at Rs 417 crore in Q3 FY26, in contrast with Rs 557 crore a yr earlier. By section, gaming contributed 63% of working income, or Rs 257 crore, whereas advert tech accounted for 28%, or Rs 115 crore. Esports contributed 8%, or Rs 34 crore.

Value self-discipline remained a key driver in the course of the quarter. Whole bills fell 24% year-on-year to Rs 402 crore in Q3 FY26 from Rs 531 crore in Q3 FY25. Content material prices stood at Rs 81 crore, whereas worker profit bills declined to Rs 72 crore. Advertising was the most important value head, accounting for 27% of complete bills at Rs 109 crore.

For the nine-month interval ended December 2025, Nazara reported income progress of almost 30% to Rs 1,431 crore, in contrast with Rs 1,104 crore within the corresponding interval final yr. EBITDA for the 9 months rose 73% year-on-year to Rs 177.2 crore, with margins increasing to 12.4%, underscoring the corporate’s give attention to scale and working leverage.

Operationally, the corporate stated its kids’s studying app Kiddopia resumed subscriber progress in the course of the quarter, supported by Nazara’s Centres of Excellence in person acquisition, knowledge analytics, progress, and product. The corporate additionally expanded its mental property footprint, together with Animal Jam on Roblox, geared toward unlocking platform-led progress. Affiliate firm NODWIN Gaming reported robust operational efficiency and profitability in the course of the quarter.

Throughout Q3 FY26, Nazara’s board authorized extra investments to deepen its presence within the Indian gaming and content material ecosystem. This included an funding in nCore Video games, the developer of the made-in-India gaming franchise FAU-G, and a main capital infusion of as much as Rs 15 crore into Rusk Media, a mobile-first, IP-led leisure platform centered on Gen Z and Gen A audiences.

Commenting on the efficiency, Nitish Mittersain, Joint Managing Director and CEO of Nazara Applied sciences, stated, “Nazara continued to make robust progress in constructing a world gaming firm. The quarter was pushed by disciplined execution, enhancing working effectivity, and a number of progress engines throughout new launches, dwell content material enlargement, and platform extensions. We stay centered on disciplined capital allocation, together with by means of strategic acquisitions the place Nazara’s working platform can speed up scale, enhance unit economics, and drive long-term worth creation.”