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Earnings Call Transcript

Nazara Technologies Earnings Call Transcript: Key Takeaways

Nazara reported record Q2 revenue driven by the strategic consolidation of BlueTriton and Bestplay. Management is pivoting toward an AI-led 'Global Gaming Platform' model to drive efficiency.

Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growth₹803 Cr, +53% YoY; BlueTriton and Bestplay contributed ₹329 Cr.
MarginsEBITDA margins expanded 311 bps YoY to 14.9% due to efficiency.
Demand visibilityStrong global gaming demand, especially in US casual and IP-led markets.
Management confidenceHigh; CEO Raymond Stopher emphasizes platform scalability and AI-driven operational leverage.

Growth

Revenue surged 53% YoY to ₹803 Cr, primarily inorganic via BlueTriton/Bestplay acquisition integration.

Outlook

Focused on creating AI Centers of Excellence to reduce development cycles and marketing costs group-wide.

Risks

Subscription dips in Kiddopia due to increased UA spend; high dependence on successful inorganic integrations.

Last quarter's promises, checked

Delivered

  • Guided Traitors launch 'soon' → launched in Q2 (= BEAT)

Partly delivered

  • Guided $89M paid at closing → $77M funded by equity (= PARTIAL)

Missed

  • Guided Bluetile/BestPlay Q1 revenue ₹518 Cr run-rate from Q2 → contributed ₹329 Cr (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: NAZARA. Summary written with AI assistance from the document.

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Nazara Technologies Ltd: key numbers

Share price
₹400.95
Market cap
₹16,382 Cr
Revenue (annual)
₹1,829 Cr
Net profit (annual)
₹95.85 Cr
P/E (TTM)
1244.8×Sector 23.0×
Promoter holding
32.00%-2.25% QoQ
FII holding
15.42%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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