Nazara Technologies delivered a remarkable financial turnaround in Q2 FY27, reporting a net profit of ₹35.36 crore compared to a net loss of ₹33.9 crore in the corresponding quarter last year. According to reports from CNBC TV18, the gaming company's revenue surged 52.5% year-on-year to ₹803 crore from ₹526.5 crore in Q2 FY26. The company's EBITDA increased 88.3% to ₹113 crore from ₹60 crore, with the EBITDA margin expanding to 14.06% from 11.4% a year earlier. The quarter ended September 30 marked the first time Bluetile and BestPlay were included in Nazara's consolidated financial results, following their acquisition from August 1, 2026.
The gaming segment emerged as the primary growth driver, with revenue more than doubling to ₹656 crore, representing a 122% year-on-year increase. As reported by CNBC TV18, the gaming business contributed 82% of consolidated revenue and reported an EBITDA margin of 21.5%. Mobile gaming revenue showed exceptional performance with a 167% increase to ₹550 crore, while the PC and console business saw EBITDA rise 61%. The offline business also contributed positively with a 29% increase in EBITDA despite flat revenue, with its margin rising to 26.2%. CEO Raymond A. Stauffer noted that revenue and EBITDA across existing gaming studios grew 11% and 17% respectively on an organic basis during the quarter.
The quarter marked the first time Bluetile and BestPlay were included in Nazara's consolidated financial results, following their acquisition from August 1, 2026. According to CNBC TV18, these acquisitions generated combined revenue of ₹329 crore during their first two months, representing a 49% increase from the corresponding period last year. The combined EBITDA rose 64% to ₹64 crore with margins expanding to 19.4% from 17.5%. Nazara attributed this growth to product development, entry into new markets, artificial intelligence-led automation of customer acquisition and cross-promotion across its portfolio. The company is integrating Bluetile's capabilities in marketing, data, product development and technology across shared group functions, with AI being integrated across all four areas.
Nazara's existing gaming studios also demonstrated strong performance across multiple segments. As reported by CNBC TV18, WildWorks reported a 41% increase in revenue and a 39% rise in EBITDA, while Kiddopia's revenue grew 21%. Curve's revenue increased 27% with EBITDA rising 61%. CEO Raymond A. Stauffer noted that revenue and EBITDA across existing gaming studios grew 11% and 17% respectively on an organic basis during the quarter. The company is integrating Bluetile's capabilities in marketing, data, product development and technology across shared group functions, with AI being integrated across all four areas.
For the first half of FY27, Nazara Technologies achieved revenue growth of 20% year-on-year to ₹1,232 crore while EBITDA increased 52% to ₹166 crore. According to CNBC TV18, the company's shares closed marginally higher at ₹402.40 on the NSE on October 26, up 0.062%. The strong operational performance was driven by recent acquisitions and surging mobile gaming demand, with the company benefiting from its diversified gaming portfolio and strategic integration initiatives across its studio network. Growth across Nazara's existing gaming businesses was supported by new content across its studios, with the company integrating AI capabilities across all operational areas.
