NAZARA Nazara Technologies Q3 FY26 results (Oct–Dec 2025) and concall
Nazara Technologies reported a mixed Q3 FY26, with overall revenue declining due to NODWIN's deconsolidation, but EBITDA and margins significantly improved driven by a focus on higher-margin IP-based gaming. Key segments like Gaming and Offline Gaming showed strong profitability, and Kiddopia returned to subscriber growth. Strategic investments and new game launches are expected to drive future growth, though some associate losses impacted overall profitability.
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What they filed
Q3 FY26: revenue up 142.7%, net profit down 72.0% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|
| Revenue | 7 | 13 | 20 | 18 | 17 +143% |
| EBITDA | -13 | -4 | -1 | -19 | -9 +32% |
| Net profit | 2 | 4 | 28 | -967 | 0 −72% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
