NAZARATECHNOLOGIES / bear-case history

Track the concerns that keep returning.

Nazara Technologies · risk themes across the available quarters.

Research layer active

Bear-case history

Risks carried through the record.

Sportskeeda revenue decline from Google core updates

Sportskeeda revenue declined 38% YoY in FY26; management expects margins to improve on a smaller base but recovery uncertain.

high

Blue Tile acquisition regulatory delay

Spanish FDI approval pending; any delay could push consolidation beyond Q1 FY27.

medium

Adtech revenue seasonality and market headwinds

Space and Time saw Q4 revenue decline due to UK new homes market challenges; pivot to product-led growth may take time.

medium