Nazara Technologies Charts New Course: Focus Shifts to IPs and AI After Major Investment Write-downs

Overview

Nazara Technologies reported a Q2 FY26 loss of INR 34 Cr, largely due to INR 1,200 Cr in investment write-offs. This was driven by India's real-money gaming ban impacting PokerBaazi and a European slowdown affecting Freaks4U. The company is now pivoting to a strategy centered on durable intellectual properties (IPs), leveraging Artificial Intelligence for game development, and building a unified gaming platform to drive future growth.