Nazara Raises Bluetile Bestplay Consideration To ₹2,909 Crore Cash Deal

Q1 FY27 Consolidated Results YoY: Revenue at 429 Cr vs 499 Cr, down 14.0%. EBITDA at 33.5 Cr vs 124.7 Cr, down 73.2%; includes further impairment of 21.8 Cr, while Other Income fell to 8.8 Cr vs 77.1 Cr. EBITDA Margin at 7.8% vs 25.0%, contraction of 1720bps. PAT swung to a loss of 79.9 Cr vs profit of 53.5 Cr, reflecting the impairment and 62.4 Cr share of associate losses. Gaming revenue grew 14.1%, while eSports revenue declined 82.0%; Ad tech revenue grew 18.9%. Board approved revised Bluetile and Bestplay terms for 100% ownership at closing, with fixed cash consideration of 2909 Cr vs the original 918 Cr and no earn-out. Context: resolves the pending approval and brings full ownership forward to closing. Nazara appointed a new CEO from September 2026, while Nitish Mittersain continues as Managing Director.