Nazara Reports Highest Ever EBITDA of ₹ 52.4 Cr on Record Revenues of ₹ 534.7 Cr in Q3FY25

Nazara Technologies Limited, a leading diversified gaming and sports media platform, has reported its highest-ever quarterly EBITDA of INR 52.4 crores in Q3FY25, reflecting 39% year-on-year growth. The company announced revenues of INR 534.7 crores and a PAT of 13.7 crores for the same period.

 

Nazara’s core Gaming segment revenues grew by 53%, fuelled by strategic acquisitions including Fusebox Games as well as strong performance by existing games such as Animal Jam.

The recent licensing agreements and upcoming integrations of popular entertainment IPs are further set to enhance user growth and engagement going forward. Kiddopia’s collaboration with Mattel’s Barbie and Moonbug’s Little Angel will strengthen engagement among young audiences, while partnerships with well-known franchises including Big Brother and Bigg Boss will enable the gaming vertical to scale.

Nazara also announced the acquisition of popular gaming IPs CATS: Crash Arena Turbo Stars and King of Thieves. These games will be operated and published by Nazara Technologies Ltd, thereby ensuring revenue and profit from these will accrue directly to the listed entity. We intend to further scale this model in coming quarters

To support its expansion, Nazara is raising INR 495 crores through a preferential equity issue to Axana Estates LLP, led by Arpit Khandelwal and Mithun Sacheti. This capital infusion, combined with Nazara’s strong cash reserves, provides the company with financial flexibility to pursue further acquisitions as well as boost organic growth to drive long-term value creation.

Nitish Mittersain, Jt Managing Director & CEO of Nazara Technologies, commented on the results:

This quarter’s performance reflects our continued focus on execution and growth. By expanding our gaming ecosystem, partnering with globally recognized IPs, and driving high-impact acquisitions, we are well-positioned to establish Nazara as a truly global gaming leader from India

With a strong foundation, a clear strategy, and an experienced leadership team, Nazara is focused on scaling operations, exploring new markets, and enhancing operational efficiencies as it continues its growth journey in the global gaming industry.

About Nazara Technologies-

Nazara is India’s only listed gaming and Esports Company, with majority ownership of several leading gaming and esports brands with presence in India, the US, and other global markets. In esports, Nazara has India’s leading esports platform NODWIN Gaming and Sportskeeda/Pro Football Network in the sports media space. Nazara’s offerings in the interactive gaming segment include gamified early learning ecosystems like Kiddopia and Animal Jam, a leading IP based gaming studio ‘Fusebox’, India’s most popular cricket simulation franchise, World Cricket Championship (WCC), and a wide portfolio of casual games distributed through telco partnerships in many emerging markets.

Nazara also holds significant minority stake in Pokerbaazi, India’s largest online platform. Additionally, Nazara controls Datawrkz, a digital ad tech company supporting its portfolio companies and external clients with demand-side user acquisition and supply-side ad monetization services.

Adani 3rd Indian Biz Group After Tata & Reliance, to Cross $10 Bn Mark in Operating Profit

The Adani Group has marked a significant milestone by becoming the third Indian business group to cross the $10 billion mark in operating profit for the fiscal year 2024. This achievement places them alongside the Tata Group and Mukesh Ambani's Reliance Group, who have also reached this level of annual operating profit.

Despite facing challenges such as higher policy rates, global business volatility, and a stock rout due to misgovernance allegations, the Adani Group's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased by 45% year-on-year in FY24. The group's net debt to EBITDA ratio also improved, decreasing to 2.2 times, down from 3.3 times the previous year. This financial growth reflects the group's resilience and strategic business operations.The Adani Group, led by billionaire

Gautam Adani, has become a significant player among Indian conglomerates, especially in recent years. As of August 2022, the Adani Group became India's second-largest conglomerate in terms of total market capitalization of group companies, surpassing Mukesh Ambani’s Reliance Industries and trailing only the Tata Group.

Similar to other conglomerates like the Tata Group, Reliance Industries, and the Aditya Birla Group, the Adani Group has diversified its operations across various sectors, including energy, logistics, agri-business, and data centers, among others.

The Adani Group has shown a remarkable growth trajectory, with its market cap crossing the $100 billion mark. Five of the Adani Group firms have a market cap of over Rs 1 lakh crore, while Adani Power has an m-cap of Rs 37,952.28 crore as of April 2021.

The conglomerate's rapid expansion and increasing market share have raised discussions about the influence of large conglomerates on the Indian economy. There have been debates on whether India should break up its big conglomerates to increase competition and reduce the risk of crony capitalism.

Conglomerates like Adani, Tata, and Reliance have significantly contributed to India's economic growth. They have been instrumental in India's journey towards becoming a $5 trillion economy by 2025, with their presence in multiple industries and the brand recognition they command.

In summary, the Adani Group has established itself as a formidable force among Indian conglomerates, with a strong presence in various sectors and a significant contribution to the country's economic landscape. However, its rapid growth has also sparked discussions about the concentration of economic power and the need for regulatory oversight to ensure fair competition.