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Nazara Technolo.Q1 FY27Entertainment
Home/Stocks/Nazara Technolo./Q1 FY27

Nazara Technolo. Q1 FY27 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹360Market Cap: ₹13.6K CrSector: Entertainment

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

Yes

Order

N/A

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 3
  • →Curve Games expects new releases in next three quarters of FY27, including Sovereign Tower and Dragon Shelter, anticipated to boost revenue.
  • →Upcoming game releases currently forecast no in-app purchases; revenues primarily from unit sales.
  • →Fusebox projected to sustain high 20%+ growth due to strong performance in Love Island and new game launches (Big Brother scale-up and The Traitors launch).
  • →Sportskeeda revenue expected to improve sequentially from Q2 FY27 onwards, driven by diversification of traffic and new distribution channels.
  • →Bluetile aims for revenue growth dependent on pipeline game performances; higher user base and revenue baseline offer flexibility to scale revenue further.
  • →Increased user acquisition spend with strong LTV/CAC guardrails indicates potential for scalable profitable revenue growth.
  • →Overall gaming segment revenue grew 14% YoY in Q1 FY27, reflecting positive momentum.

Margin guidance

Category 3
  • →Curve Games expects margin improvement as new titles release over next three quarters FY27, with margin rising from 27% EBITDA in Q1 FY27 towards previous ~40% levels.
  • →No in-app purchases are currently planned for upcoming titles (Badlands Crew, Dragon Shelter); revenues expected mainly from unit sales.
  • →Fusebox shows optimism for sustained 20%+ growth driven by base game Love Island and new game launches (Big Brother scale-up, Traitors).
  • →Sportskeeda is stabilizing revenues and costs; expecting revenue growth in Q2-Q4 with U.S. sports season activity.
  • →Bluetile aims for higher revenues with flexibility to adjust EBITDA margins; Q1 FY27 margin at 11% vs. 17.6% last year, improvement expected with new game performance and feature launches.
  • →User acquisition (UA) investments are increasing to build revenue baseline; EBITDA margins deferred but expected to normalize/higher as revenue scales.
  • →No specific consolidated Nazara revenue or margin guidance provided at this time.

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Fundraise plans

Yes
- For the $214 million Bluetile and BestPlay acquisition payout due by April 1, 2027, Nazara has multiple funding options: - Utilizing Bluetile's existing cash balance (~$20 million) and cash flows from Nazara and Bluetile until the payment date. - Taking on some debt. - Potential equity raise including preferential allotment. - Possible stake sales. - The company has a well-thought-out financing plan for this transaction but specifics are not disclosed. - No clear indication of additional general new fundraising beyond this acquisition-related plan was shared. - The management did not provide any revenue or margin guidance indicating new large-scale fundraising activities at Nazara Group level. - Cash flow generation and financing structure for Bluetile acquisition remain the primary focus regarding fundraising in the near future. (Reference: Pages 8-9 of the transcript)

Order book

The transcript provided from Nazara Technologies Limited's Q1 FY27 earnings call does not explicitly mention current or expected order book or pending orders details. There is no direct reference to order backlog or pending contract values within the discussed segments. The discussion mainly centers on: - Game releases and their reception (e.g., Badlands Crew, Dragon Shelter, Sovereign Tower) - Revenue and EBITDA performance across business verticals - Acquisition and transaction details related to Bluetile and BestPlay - Growth outlooks and performance of subsidiaries like Fusebox, Sportskeeda, NODWIN - Investments in user acquisition, technology product growth, and new title pipelines Hence, no specific information on current or expected orderbook or pending orders is available in the provided transcript content.

Capex plans

Yes
  • →Nazara is investing approximately INR 50 crore in offline gaming businesses, including SMAAASH and Funky Monkeys.
  • →SMAAASH 2.0 product market fit is underway with a planned launch at Lower Parel, Mumbai in Q4 FY27 (Jan-Mar 2027).
  • →Funky Monkeys is expanding centers funded through internal accruals, some debt, and additional capital infusion by Nazara.
  • →The company is making strategic investments in scaling user acquisition for gaming businesses like Curve Games, Bluetile, and BestPlay to grow revenue baseline and user base.
  • →The Bluetile & BestPlay acquisition has a $214 million payout due by April 1, 2027, with multiple financing options including debt, equity, stake sales, and cash flow leverage.
  • →Investments in new game titles at Curve Games are ongoing, with several releases expected in FY27 to enhance margins and revenue.
  • →AdTech business is investing in product-related growth, such as Vizibl DSP, hiring salespeople, and market expansion.

How does Nazara Technolo. rank vs peers in Entertainment?

Pro feature
1Nazara Technolo.
Rev 3Mar 3
2Entertainment Company A
Rev 1Mar 2
3Entertainment Company B
Rev 2Mar 1
4Entertainment Company C
Rev 2Mar 3

See full Entertainment sector rankings

How does Nazara Technolo. rank in Entertainment?

Compare Nazara Technolo. against every Entertainment company (Q1 FY27) on revenue, margins and earnings-call signals.

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Read the full Q1 FY27 earnings insight — Nazara Technolo.

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Entertainment peers

Prime Focus · Q2 FY17PVR Inox · Q1 FY27Zee Entertainmen · Q1 FY27Netflix, Inc. · Q4 FY26Formula One Group · Q4 FY26
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What Nazara Technolo.'s management said in earlier quarters

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