• Capital raise deployment: The ₹500 crore preferential issue and existing balance-sheet cash of over ₹700 crore will fund ongoing investments and the acquisition of AI-first companies BlueTile and BestPlay, which generated nearly ₹1,400 crore in revenue and ₹250 crore in EBITDA in CY25.
• Geographic revenue mix: International markets account for over 90% of total revenue—with the US contributing nearly 60%—a trend expected to continue over the next two to three years alongside active investments in India's 500-million-consumer gaming ecosystem.
• Kiddopia segment recovery: After previous user acquisition headwinds, the US-focused Kiddopia business saw subscriber growth return in Q3 alongside higher ARPU and reduced customer acquisition costs.
• Operating margin targets: Management is targeting an expansion of margins from roughly 13% in Q3 to 20% or higher over the next two years, while keeping future fundraises cash-flow and value accretive per share.