Nazara Tech posts Rs 82.5 Cr Q1 loss; founder Mittersain steps down as CEO

Gaming firm Nazara Technologies reported revenue decline and net loss of Rs 82.5 Cr in Q1 FY27; founder Nitish Mittersain stepped down as CEO, with Raymond Stauffer taking over. Gaming founders should watch: leadership turnover during losses signals investor pressure for profitability and cost discipline over founder vision—expect more CEO swaps in unprofitable gaming studios.

Source: ET Tech ↗