Gaming and esports media platform Nazara Technologies has reported a consolidated net loss of ₹82.47 crore for the first quarter ended June 30, on the back of a ₹62 crore share of loss from associates and a ₹22 crore impairment loss.The company had posted a consolidated net profit of ₹51.34 crore in the corresponding quarter of the previous fiscal, according to a regulatory filing.Nazara Technologies’ revenue from operations stood at ₹428.77 crore in Q1 FY27, down 14 per cent from ₹498.77 crore in the year-ago period.The company noted that the reported revenue decline was primarily due to the deconsolidation of NODWIN Gaming starting August 2025. On a comparable basis, excluding NODWIN, the consolidated revenue grew by approximately 9 per cent year-on-year, the company said in a statement.Nazara Founder Nitish Mittersain has tendered his resignation as Chief Executive Officer (CEO), effective September 1, 2026. However, he will continue to serve as the Managing Director of the firm.The company’s board has approved the appointment of Raymond Albaladejo Stauffer as the new CEO to succeed Mittersain.“Having led the Company through two distinct phases of its evolution and seen it grow from an entrepreneurial gaming company into a significantly larger and increasingly global gaming platform, I believe this is the right time to strengthen its leadership structure with a dedicated CEO who brings deep international operating experience to lead day-to-day execution across the Group,” Mittersain said.Stauffer, a former Google executive, was the founder of Bluetile Games and Bestplay Systems.In March 2026, Nazara announced that its UK-based subsidiary would acquire a 50 per cent controlling stake in Spanish social gaming platforms Bluetile Games and BestPlay Systems for $100.3 million (about ₹918 crore).Nazara's board has now revised the terms for the acquisition of Bluetile Games and BestPlay Systems.The company will now acquire 100 per cent of the share capital of both entities for an aggregate fixed cash consideration of $303.02 million (about ₹2,909 crore).Furthermore, the board cleared an additional investment of up to ₹9.9 crore in its subsidiary, Funky Monkeys Play Center, to increase its stake to 68.1 per cent.It also approved an unsecured loan of up to ₹24 crore for its wholly-owned subsidiary, Smaaash Entertainment.Published on August 4, 2026