Gameberry Labs Reports Strong Financial Growth in FY25

Gameberry Labs has showcased remarkable financial performance in FY25, with operating revenue surging by 28% year-on-year. The company’s profit also rose by 18% to reach Rs 110 crore. According to its consolidated filings with the Registrar of Companies (RoC), Gameberry Labs’ operating revenue increased to Rs 591 crore in FY25 from Rs 461.7 crore in the previous fiscal year.

Overview of Gameberry Labs’ Popular Games

Gameberry Labs operates four well-loved games: Ludo Star, Ludo Titan, Parchisi Star, and BackGammon Friends. Collectively, these games have achieved nearly 150 million downloads, as stated on the company’s website. The majority of their revenue is generated through in-app purchases, which represent over 84% of total revenue, amounting to Rs 499 crore—an impressive 37% increase from the previous year. Advertising revenue contributed the remaining 16%, which saw a slight drop of about 5% to Rs 92 crore in FY25.

Financial Breakdown of Gameberry Labs

The total income for Gameberry Labs reached Rs 591 crore in FY25, including Rs 31.3 crore from interest income. On the expenditure side, platform hosting and payment facilitation fees were the largest cost drivers, making up over 30% of total expenses at Rs 143.37 crore, reflecting a 33% year-on-year increase. Employee benefits expenses climbed by 20% to Rs 135.48 crore, with advertising expenditures soaring by 42% to Rs 96.7 crore in FY25.

Settlement Agreements and Profitability

In FY25, Gameberry Labs paid Rs 64 crore as per a settlement agreement with Moonfrog Labs Private Limited (MLPL) related to a case that was previously pending in the City Civil Court, Bengaluru. The settlement included a one-time payment of Rs 32.8 crore in FY20, with a commitment to pay a specified percentage of monthly net revenue until 2030.

Efficient expense management and the growth of high-margin revenue streams played a significant role in enhancing Gameberry’s profitability. The company’s net profit increased by 18.5% to Rs 110 crore in FY25, up from Rs 92.8 crore in FY24. On a per-unit basis, the company spent Rs 0.79 to generate one rupee of revenue in the fiscal year. Its EBITDA margin was recorded at 14.6%, and the return on capital employed (ROCE) stood at 15.3%.

Current Assets Position and Future Prospects

As of March 2025, Gameberry Labs held current assets amounting to Rs 564 crore, which included cash and bank balances of Rs 114.8 crore. Being a free-to-play gaming company, Gameberry Labs appears to have weathered the storm of the August ban on real money gaming in India. However, secondary effects within the sector may emerge more clearly as financial results for FY26 are released.

With aspirations to expand globally from its inception, Gameberry Labs’ ambition will be put to the test to determine if the company can achieve its goals. With several job openings still listed on its website, there is a strong indication that the firm is making a concerted effort towards this endeavour.