Nazara Technologies Ltd News

Nazara Tech Q3 results: PAT dips 54% to Rs 13.6 cr, revenue rises 67%

Gaming and e-sports platform Nazara Technologies has reported a 53.6 per cent decline to Rs 13.68 crore in consolidated net profit for the October-December quarter of FY25. It had posted a profit of Rs 29.52 crore in the year-ago period, according to a regulatory filing. Revenue from operations for Q3 FY25 was Rs 534.7 crore, a 66.8 per cent climb, from Rs 320.4 crore in Q3 FY24. Sequentially, profit fell 15.7 per cent, while revenue rose 67.6 per cent. Nazara's core gaming segment revenues grew by 53 per cent, driven by acquisitions including Fusebox Games as well as strong performance by existing games such as Animal Jam, a company statement said. "The recent licensing agreements and upcoming integrations of popular entertainment IPs are further set to enhance user growth and engagement going forward. Kiddopia's collaboration with Mattel's Barbie and Moonbug's Little Angel will strengthen engagement among young audiences, while partnerships with well-known franchises including B

Plutus, Axana to buy another 26% in Nazara Technologies via open offer

With the transaction, the promoter holding of the company will change, with Sacheti and Plutus Wealth Management becoming the main promoters

NODWIN Gaming gets Rs 64 cr investment from parent Nazara Technologies

Company was valued at Rs 3,441 cr in Nov; has IP rights for events in esports, gaming, music

Nazara Tech gains 4% as board approves five investments worth Rs 195 crore

On Monday, after market hours, Nazara Technologies unveiled a series of strategic investments aimed at solidifying its position in the gaming and entertainment ecosystems

Nazara Technologies' board approves five investments worth Rs 196 cr

Gaming and sports media firm Nazara Technologies' board has approved five investments worth Rs 196 crore, including 100 per cent acquisition of stake in Sportskeeda owner firm Absolute Sports, the company said in a regulatory filing on Monday. Of the total Rs 196 crore, Nazara will invest Rs 148 crore in existing subsidiaries, including Sportskeeda, Nodwin Gaming, and Datawrkz, to increase its ownership in them and support their growth. The company will invest Rs 69 crore to purchase shares arising from exercise of ESOPs from the Sportskeeda management to increase its stake to 100 per cent in the company, making it a wholly owned subsidiary. Nazara Technologies board approved investment of Rs 64 crore in its subsidiary Nodwin Gaming. The investment will be done through subscription of optionally convertible preference shares. The funds will support Nodwin's expansion, enhance its intellectual properties (IPs), and strengthen its footprint in emerging markets, according to the ...

Nazara Tech raises Rs 855 cr via preferential issue to fuel expansion

In a regulatory filing on November 27, Nazara's board approved the allotment of 8,959,728 shares at an issue price of Rs 954.27 a share

Nazara Tech up 4% as arm acquires UK's growth marketing agency for Rs 52-cr

The acquisition will enable Datawrkz's growth across Europe and North America, positioning it as a scaled player in the global digital advertising market

Delta Corp, Nazara: Should you bet on online gaming shares ahead of Diwali?

Amid festivities, family and friends also indulge in games and fun activities. With changing lifestyle, online gaming, too, gained traction. Here's a tech check on online gaming stocks ahead of Diwali

Nazara Tech up 4%, hits 52-wk high on Rs 982-cr investment in 'PokerBaazi'

The uptick in Nazara Technologies share price came after the company announced that it has invested Rs 982 crore in Moonshine Technology, which owns and operates online poker platform PokerBaazi

Nazara Technologies up 6% on acquiring 15.86% stake in STAN for Rs 18.4 cr

The shares of Nazara Technologies surged after the company announced that it has acquired a 15.86 per cent stake in STAN for Rs 18.4 crore (or $2.2 million) in an all-cash secondary transaction.

Nazara Tech partners with Telangana govt for AI centre of excellence

Gaming and e-sports company Nazara Technologies has inked a pact with the government of Telangana to establish an AI centre of excellence (AI CoE) focused on gaming and digital entertainment, a release said on Thursday. The 'Nazara AI CoE' will focus on research, development, and innovation in areas such as gaming, interactive media, gamified learning, and other digital content, leveraging cutting-edge technologies like AI, VR/AR (virtual and augmented reality), blockchain, and Web 3.0. "Nazara Technologies has signed a landmark Memorandum of Understanding (MoU) with the Government of Telangana," the release by Nazara said. With the strategic partnership in place, Nazara aims to establish an AI centre of excellence focusing on gaming and digital entertainment, underlining the company's strengths in AI-driven gaming and digital entertainment space, and Telangana as a global hub for AI innovation. "Telangana's proactive approach in fostering industry growth through public-private ...

Nazara Technologies shares surge 4% after signing MoU with Telangana Govt

Nazara Technologies share price moved up after the company joined hands with the Telangana state government to open an artificial intelligence (AI) centre of excellence (CoE)