Nazara Technologies, one of India’s leading online gaming and esports firms, posted a massive 95% year-on-year (YoY) jump in revenue for the quarter ending March 31, 2025. The company clocked ₹520.2 crore in operating revenue in Q4 FY25, up from ₹266 crore in Q4 FY24, led by a booming esports and gaming vertical.
- Operating Revenue: ₹520.2 crore (up 95% YoY)
- Net Profit: ₹4 crore (up from ₹0.18 crore in Q4 FY24)
- Total Expenses: ₹528 crore (up 85% YoY)
- Ad & Marketing Spend: ₹151 crore (3x jump)
- Employee Costs: ₹79.9 crore (up 81% YoY)
Nazara’s esports division continued to be its biggest revenue contributor in Q4, backed by high-performing IPs and tournament platforms.
Its gaming segment recorded 72% YoY growth, hitting ₹156.4 crore in Q4 FY25. The company also saw positive momentum in its adtech vertical, driven by its performance marketing stack.
On May 20, Nazara announced the acquisition of UK-based Curve Games for ₹247 crore — its largest international acquisition to date. Curve is known for publishing indie PC and console titles and will help Nazara accelerate its global footprint beyond mobile gaming.
This strategic move aligns with Nazara’s vision of becoming a global gaming powerhouse, expanding its capabilities across PC, console, and cross-platform game publishing.
- Surging interest in esports in India with growing youth participation
- Diversification across gaming platforms — mobile, PC, console
- Strong momentum from its gamified learning, adtech, and real-money gaming segments
- Active investment strategy — Nazara has made over a dozen acquisitions in the last 5 years, focusing on scaling IPs and tech stacks
While top-line growth was strong, operating expenses jumped 85%, primarily due to:
- A 3x spike in advertising and promotional spend, indicating heavy customer acquisition efforts
- Nearly 81% rise in employee benefits, suggesting active hiring across divisions
Nazara Technologies’ Q4 performance signals the company’s commitment to scale fast, both in India and globally. With fresh acquisitions and a focus on esports and cross-platform publishing, the firm is positioning itself to be a top-tier gaming powerhouse from India with a global footprint.
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