Gameberry Labs posts ₹129 Cr profit on ₹711 Cr revenue in FY26
The Bengaluru Ludo-game maker grew sales and profit, but its cash pile shrank sharply during the year.
The 30-second read
- Gameberry Labs' FY26 operating revenue was ₹711 Cr, up about 20% from ₹591 Cr. Net profit was ₹129 Cr, up about 17% from ₹110 Cr.
- Over 99% of revenue, ₹706 Cr, came from overseas. In-app purchases made up nearly 85% of the total.
- Costs rose faster than sales, and cash and bank balances fell to ₹12 Cr from ₹119 Cr.
Gameberry Labs, the Bengaluru-based maker of free mobile board games such as Ludo Star and Ludo Titan, reported FY26 operating revenue of ₹711 Cr. That is up about 20% from ₹591 Cr in FY25. Net profit (PAT) rose about 17% to ₹129 Cr from ₹110 Cr. Entrackr and The Economic Times both reported the figures, which come from consolidated accounts filed with the Registrar of Companies.
Entrackr first reported the revenue split. In-app purchases brought in ₹603 Cr, nearly 85% of operating revenue and up 20.8% from ₹499 Cr. Advertising added ₹108 Cr, up 17.4% from ₹92 Cr. Total income was ₹750 Cr, against ₹622.3 Cr a year earlier, and included ₹39 Cr of other income. Overseas markets gave over 99% of revenue, or ₹706 Cr. The Economic Times first reported that Saudi Arabia, the US and Spain are its main markets abroad.
Costs grew faster than sales. Total expenditure rose 23.2% to ₹578 Cr from ₹469 Cr. Entrackr first reported that employee benefit expenses climbed over 31% to ₹177.66 Cr, including ₹7.86 Cr of ESOP cost. Platform hosting and payment charges rose 62.6% to ₹175 Cr. The firm also paid ₹73.7 Cr in FY26 under a settlement with Moonfrog Labs, and will keep paying a fixed share of monthly net revenue until 2030, per Entrackr.
As a result, EBITDA grew a slower 8.8% to ₹140.48 Cr from ₹129.16 Cr, with a margin of 19.8%. Cash and bank balances fell to ₹12 Cr from ₹119 Cr, and ROCE contracted to 21.1%, Entrackr reported. The company was founded in 2017. It grew revenue 28% in FY25 and won the Bootstrap Champ category at the ET Startup Awards 2023.
Why it matters
Gameberry shows an Indian gaming startup can earn a profit by selling to players abroad, with over 99% of revenue from overseas. Rising costs and a thin cash balance are the things to watch next.
The data
| Item | FY26 | FY25 |
|---|---|---|
| Operating revenue | 711 | 591 |
| Net profit (PAT) | 129 | 110 |
| In-app purchase revenue | 603 | 499 |
| Advertising revenue | 108 | 92 |
| Total expenditure | 578 | 469 |
| EBITDA | 140.48 | 129.16 |