Gameberry Labs Revenue Rises 20.3% to Rs 711 Crore in FY26

Sheetal Shah
October 20, 2026

Gameberry Labs, the company behind popular mobile board games Ludo Star and Parchisi Star, reported a 20.3% year-on-year increase in operating revenue to Rs 711 crore in FY26, compared with Rs 591 crore in FY25. Its net profit also increased by around 17% during the fiscal year, following 28% revenue growth in FY25.

According to the company’s consolidated financial statements sourced from the Registrar of Companies (RoC), Gameberry Labs continued to grow its revenue from in-app purchases and advertising during FY26.

Founded in 2017, Gameberry Labs operates mobile board games such as Ludo Star, Ludo Titan, Parchisi Star and Backgammon Friends. The company follows a free-to-play model, monetising its games through in-app purchases and advertising.

In-App Purchases Drive Gameberry Labs Revenue

In-app purchases remained Gameberry Labs’ largest revenue source, contributing Rs 603 crore, or nearly 85% of its operating revenue, in FY26. Revenue from this segment increased 20.8% from Rs 499 crore in FY25.

Advertising revenue rose 17.4% year-on-year to Rs 108 crore from Rs 92 crore in the previous fiscal year.

Over 99% of the company’s revenue came from overseas markets, which contributed Rs 706 crore. India accounted for only a fraction of its total revenue.

Including Rs 39 crore in other income from interest on bank deposits and net gains on the fair value of investments, Gameberry Labs’ total income increased to Rs 750 crore in FY26 from Rs 622.3 crore in FY25.

Employee Costs and Platform Charges Increase

Gameberry Labs’ total expenditure increased 23.2% to Rs 578 crore in FY26 from Rs 469 crore in FY25.

Employee benefit expenses remained the company’s largest expense category, rising over 31% year-on-year to Rs 177.66 crore from Rs 135.5 crore. This included Rs 7.86 crore in employee stock ownership plan (ESOP) expenses.

Platform hosting and payment facilitation charges increased 62.6% to Rs 175 crore, accounting for over 30% of the company’s overall costs. Advertising expenses also rose 20.4% to Rs 116.4 crore during the fiscal year.

Other expenses, including legal and professional fees, technical costs, royalty and miscellaneous costs, amounted to Rs 35 crore.

Gameberry Labs Pays Rs 73.7 Crore in Moonfrog Settlement

During FY26, Gameberry Labs paid Rs 73.7 crore under a settlement agreement with Moonfrog Labs Private Limited (MLPL) in connection with a case previously pending before the City Civil Court in Bengaluru.

The agreement included a one-time payment of Rs 32.8 crore in FY20, along with a commitment to pay a fixed percentage of its monthly net revenue until 2030.

The settlement payment forms part of the company’s financial commitments as it continues to expand its mobile gaming business.

Net Profit Rises to Rs 129 Crore in FY26

Despite higher expenditure, Gameberry Labs’ profit after tax increased to Rs 129 crore in FY26 from Rs 110 crore in FY25, representing growth of around 17%.

Its EBITDA rose 8.8% to Rs 140.48 crore from Rs 129.16 crore in the previous fiscal year.

However, the company’s EBITDA margin and return on capital employed (ROCE) contracted to 19.8% and 21.1%, respectively, in FY26.

On a unit basis, Gameberry Labs spent around Rs 0.81 to generate Re 1 of operating revenue, compared with Rs 0.79 in FY25.

Cash Balances Decline in March 2026

As of March 2026, Gameberry Labs’ current assets stood at Rs 487 crore, down from Rs 564 crore a year earlier.

Its cash and bank balances declined sharply to Rs 12 crore from Rs 119 crore in FY25.

The company’s FY26 performance reflects continued revenue and profit growth alongside rising operating costs, higher platform charges and a settlement-related payment commitment extending until 2030. The decline in ROCE to 21.1% and the reduction in cash and bank balances are also notable developments in its financial performance.

FAQs

1. What was Gameberry Labs’ revenue in FY26?

Gameberry Labs reported operating revenue of Rs 711 crore in FY26, up 20.3% from Rs 591 crore in FY25.

2. Which games does Gameberry Labs operate?

Gameberry Labs operates mobile board games including Ludo Star, Ludo Titan, Parchisi Star and Backgammon Friends.

3. What was Gameberry Labs’ net profit in FY26?

The company reported a profit after tax of Rs 129 crore in FY26, compared with Rs 110 crore in FY25.

4. How much revenue did Gameberry Labs generate from in-app purchases?

In-app purchases contributed Rs 603 crore, or nearly 85% of operating revenue, in FY26.

5. Why did Gameberry Labs pay Rs 73.7 crore to Moonfrog Labs?

Gameberry Labs paid Rs 73.7 crore under a settlement agreement with Moonfrog Labs Private Limited concerning a case previously pending before the City Civil Court in Bengaluru. The agreement included a one-time payment of Rs 32.8 crore in FY20 and a commitment to pay a fixed percentage of monthly net revenue until 2030.