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The Economic Times

Nazara Technologies posts Rs 82.47 crore Q1 loss as CEO Nitish Mittersain to step down on September 1, 2026

AI Market Summary
Nazara Technologies' Q1 swung to a net loss while revenue fell 14% YoY, signaling weakening fundamentals. The announced CEO transition introduces added execution risk, while the revised plan to acquire 100% of Bluetile Games and BestPlay Systems at a higher cash consideration increases balance-sheet and integration pressure. The news is idiosyncratic to the company and should have limited broader market spillover.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.10%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Nazara Technologies reported a consolidated net loss of Rs 82.47 crore for the first quarter ended June 30, while revenue from operations fell 14 percent year on year to Rs 428.77 crore. Founder and CEO Nitish Mittersain said he will resign from the CEO role effective September 1, 2026, and continue as managing director. The company also revised its acquisition plans to buy 100 per cent of Spanish social gaming platforms Bluetile Games and BestPlay Systems for an aggregate fixed cash consideration of USD 303.02 million (about Rs 2,909 crore).
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