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Sportskeeda revenue decline from Google core updates
View Risks →Nazara Technologies Ltd — Q4 FY26
Nazara delivered a strong Q4 FY26 with INR 398 crore revenue and 19.5% EBITDA margin, nearly doubling YoY.
bullish
high
✓ Verified against BSE filing
2-Minute Summary
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Nazara delivered a strong Q4 FY26 with INR 398 crore revenue and 19.5% EBITDA margin, nearly doubling YoY. Full-year EBITDA grew 66% to INR 255 crore on revenue of INR 1,829 crore, driven by gaming segment revenue surging 107% YoY to INR 1,072 crore. The company completed its largest acquisition, Blue Tile Games, which adds ~INR 1,400 crore revenue and AI-native capabilities, expected to consolidate from Q1 FY27. Management guided for continued organic growth and margin expansion via centers of excellence and AI adoption, with potential divestments of non-core assets like Sportskeeda and Nodwin. Key risk: Sportskeeda revenue declined 38% YoY due to Google core updates, with recovery uncertain.
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Gaming Revenue (FY26)
INR 1,072 Cr
+107% YoY
Gaming segment revenue doubled, now 90% of total EBITDA.
Gaming EBITDA Margin (FY26)
24.7%
+157% YoY
Gaming EBITDA grew faster than revenue, indicating operating leverage.
Human Fall Flat Lifetime Units
58M
N/A
PC/console title crossed 58 million lifetime units globally.
Blue Tile Revenue (CY25)
INR 1,400 Cr
N/A
Acquired casual gaming platform with AI capabilities, to consolidate from Q1 FY27.
Fast read
Guidance and risk preview
Acquisition closing expected in 3-4 weeks pending Spanish FDI approval; consolidation from Q1 FY27.
Sportskeeda revenue declined 38% YoY in FY26; management expects margins to improve on a smaller base but recovery uncertain.
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