ESPORTS REVENUE GROWTH
Nazara Technologies shares in focus after Q4 revenue nearly doubles; net profit surges to Rs 4 crore
Nazara Technologies’ Q4FY25 revenue nearly doubled to Rs 520.2 crore, with net profit rising to Rs 4 crore. Despite higher marketing and employee expenses, esports and gaming segments showed strong growth. The company plans global expansion through acquisitions like Curve Games. Analysts maintain a ‘Hold’ rating, with an average target price of Rs 979, reflecting cautious optimism.
Nazara Technologies Q4 revenue nearly doubles; net profit rises to Rs 4 crore
Nitish Mittersain, CEO of the online gaming company, said Nazara expects greater contribution from high-margin gaming businesses this year, which should further improve profitability. The company witnessed a 95% jump in operating revenue during the fourth quarter, driven by its esports and gaming divisions. Total expenses also increased due to advertising and employee costs.
Groww files for IPO; FirstCry, Nazara, Awfis report Q4 earnings
Wealthtech platform Groww is heading for the public markets after confidentially filing its draft IPO papers. This and more in today’s ETtech Top 5.
Nazara Technologies acquires UK’s console gaming publisher Curve Games for Rs 247 crore
This acquisition, the company's largest international deal, gives Nazara complete ownership of Curve, which has a strong portfolio of indie games such as Human Fall Flat, For the King, and Lawn Mowing Simulator. These titles have collectively clocked over 100 million downloads globally.
Dream11 and astrology apps earn over Rs 30,000 crore, but only 5 crore Indians invest for the future: Financial planner sounds alarm
India’s youth are spending heavily on astrology and gaming apps, with revenues crossing ₹30,000 crore, yet only five crore Indians actively participate in systematic investing. Gurmeet Chadha, Managing Partner & CIO at Compcircle, warns that while millions chase daily predictions, they neglect long-term financial planning. Data from April 2025 shows record SIP contributions but also a high stoppage rate, signalling cautious investors. Chadha’s call for disciplined investment, including contributions to the National Defence Fund, highlights a growing disconnect in financial habits.
JetSynthesys raises funding from global gaming giant Krafton
JetSynthesys, backed by Adar Poonawalla and Sachin Tendulkar, receives funding from Krafton. This investment supports JetSynthesys' plan for 20x revenue growth in six years. The company will expand internationally and strengthen its Indian presence. They aim to double profit margins. Krafton's CEO expresses excitement about the partnership. JetSynthesys plans acquisitions and organic growth.
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Fintechs plug into EVs; Groww’s CCI nod
Happy Wednesday! Fintech startups are tapping into India’s growing commercial EV market. This and more in today’s ETtech Morning Dispatch.
India gaming market to be more sizable, impactful; looking to invest, acquire: Krafton India CEO
Krafton India CEO, Sean Hyunil Sohn sees the gaming industry here becoming much more sizable and impactful, and asserts the company would not be tied down to fixed investment limits for this "promising" market. Krafton has already invested USD 200 million in the country.
India gaming market to be more sizable, impactful; looking to invest, acquire: KRAFTON India CEO
KRAFTON, the South Korean gaming giant behind Battlegrounds Mobile India (BGMI), is actively seeking investment and acquisition opportunities in India, a key market. The company has already invested $200 million, citing India’s mobile-first gaming culture, rapid smartphone adoption, and young, tech-savvy population.
Gamerji to focus on India, UAE, Saudi Arabia, Indonesia, Philippines for gaming-as-a-service expansion
Telecom companies are integrating esports into their mobile apps, partnering with platforms like Gamerji to offer rewards for gaming. Gamerji collaborates with 34 telecom firms worldwide, drawing millions of users. Players earn virtual currency, redeemable for data and discounts. The firm plans to expand in India, UAE, Saudi Arabia, Indonesia, and the Philippines, aiming at major tournaments.
Nazara Tech subsidiary buys UK marketing firm Space & Time
Datawrkz said acquiring Space & Time will help in expanding across Europe and North America and boosting its growth in the global digital advertising market. It will also boost Datawrkz’s revenue and earnings before interest, taxes, depreciation and amortisation (Ebitda) through cross-selling of products and services, it said.
Business of esports: Is India ready to invest in its potential?
India is becoming a significant player in the global esports market, with 568 million gamers and over 9.5 billion gaming app downloads in 2023.
Nazara Technologies reports 43% increase in profit after tax at Rs 17 crore in Q4
Nazara Technologies reported a 43% increase in profit after tax to Rs 17 crore for Q4 FY24. Operating revenue for March fell 8% to Rs 266 crore. FY24 PAT from operations grew to Rs 89 crore. Founder Nitish Mittersain is optimistic about accelerated growth in revenue and EBITDA in FY25.
Nodwin Gaming acquires Turkey-based esports firm Ninja Global
Ninja Global conducts tournaments, broadcasts and other esports-related activities across Turkey and the Middle East and North Africa (MENA) region.
EsportsXO raises next funding round to fuel expansion and growth
Founded by Vikas Goel, Utsav Umang, and Rohit Raj, EsportsXO aims to add comprehensive value to the entire gaming ecosystem, catering to the needs of gamers, game developers and brands.
Game on: Krafton’s BGMI return revvs up Indian esports scene
The lifting of the BGMI block on a trial basis in May has streaming platforms and tournament organisers alike projecting a bump in viewership and revenues. At the same time, professional BGMI teams are seeing their calendars fill up with tournaments and the opportunity to represent India abroad.
Compelling buy! Nazara Tech can rally up to 44%, says ICICI Securities
"Margin outlook is also positive as we expect scale efficiencies to accrue from the new IPs created in FY23E and gaming accessories business," it added.
Esports industry will reset post BGMI issue, says Rooter founder Piyush Kumar
“Rooter is clocking 3-4 million downloads a month and has a wide variety of game streamers. From $5 million ARR (annual recurring revenue) at present, we are on track to reach $10 million ARR by October 2022. Our monthly active users have gone up 59% in Q2 this year to 15.2 million, while ARPU (average revenue per user) has gone up 24% in the last two months,” said Kumar.
Game on: What are the next big opportunities for Indian esports?
The Indian esports market is expected to hit the Rs 11-billion mark by 2025. The opportunities can be limitless.
Nazara CEO on esports and other key growth drivers in FY23
"For next few quarters – we expect esports to continue to build on the momentum of Q4 and with opening of offline events and growth of D2C biz with M&A of Wings and Planet Super Hero will be key drivers of growth in Nodwin while launch of new sports in US will be key driver of growth in SportsKeeda. We expect skill-based real money gaming to emerge as a growth driver on its own steam. M&A will drive scale of freemium as well as skill based real money gaming."
Our esport segment contributing 50% plus revenue now: Manish Agarwal
“Nazara’s track record is about investing in these companies not just the money but amount of time and strategic intent and then growing them very fast. Our track record of creating value has been phenomenal. Look at Nodwin. We took roughly Rs 17-18 crore of revenue in January 2018 and this year it will finish at Rs 210-214 crore.”
India’s esports industry to become a Rs 1100 crore industry by FY25
“Cricket presents a massive opportunity for growth of Esports in Commonwealth Nations. We are working closely with international bodies such as the British esports Association. We want India to develop its own e-gaming ecosystem and compete at global tournaments with the best of the world,” said Vaibhav Dange, Founding President, FEAI.
Nazara delivered Rs 446.6 crore revenue in first 9 months: Manish Agarwal
“Both Q2 over Q1 and Q3 over Q2, we have grown in subscribers but the rate of growth will get accelerated as the global ad networks find a solution and work with publishers like us. The net new subscriber addition is 4% quarter on quarter which used to be 5-6% month on month and that it is purely driven by marketing spends and our ability to spend on performance.”
India must implement a policy framework around data protection for esports: FEAI
“As the immediate three-point agenda, we must firstly work towards maintaining the centrality of players and consolidating a talent pool in the country under a professional structure,” said Rajani Navani, Founder, JetSynthesys.
Nazara Technologies Q1 results: Co posts net profit at Rs 14 cr
Its revenue during April-June 2021 jumped 45 per cent to Rs 131.2 crore, compared with Rs 90.5 crore in the year-ago period.
India’s esports industry set to quadruple in size by 2025: EY report
India’s esports industry is set to quadruple in size to Rs 1,100 crore by 2025 from Rs 250 crore at present—clocking a compounded annual growth rate of 46%, according to an EY report.
Rakesh Jhunjhunwala-backed Nazara gets 'sell' rating from CLSA. Here's why
CLSA said Nazara, as India’s first listed gaming company, carries a hefty scarcity premium of three times to its India coverage and 10-75 per cent to global gaming peers.
Nazara Technologies clocks 84% jump in revenue in FY21
The gaming company expressed confidence that it will continue to drive profitable growth.
Nazara eyes Rs 470 crore revenue in FY21, sees strong growth in e-sports, early learning biz
Speaking to , Nazara Technologies CEO Manish Agarwal said the company has been delivering on its stated strategy to grow and dominate in e-sports, virtual sports and early learning verticals.
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