NODWIN Gaming has announced the sale of its entire stake in the Evolution Championship Series, widely known as EVO, to RTS. The move is described as part of a strategic portfolio realignment aimed at strengthening the company’s focus on emerging gaming markets.
EVO is regarded as one of the most recognised fighting game tournaments globally, with a history of over two decades. The platform has grown from a community-driven competition into a large-scale international esports event that brings together players, publishers and fans from across the world.
The decision to transfer ownership comes as EVO enters a new phase of global expansion that requires significant capital and long-term investment. RTS, which has been associated with EVO as a long-standing partner, is expected to lead this next stage of growth.
Under the revised structure, NODWIN Gaming will continue to support EVO’s expansion across emerging markets through regional expertise and operational capabilities. However, ownership and primary investment responsibility will now rest with RTS.
Strategic Realignment
The transaction is seen as a step towards sharpening NODWIN Gaming’s strategic priorities. By exiting its stake in EVO, the company aims to direct greater attention towards building esports ecosystems in high-growth regions, particularly across the Global South.
Company leadership has indicated that the shift allows for better allocation of capital and resources in markets witnessing rapid gaming adoption. The move is aligned with NODWIN’s broader objective of investing in local intellectual properties and strengthening regional communities.
Akshat Rathee, Co-Founder and Managing Director of NODWIN Gaming, stated that EVO holds significant value within the fighting game community and that RTS is well positioned to guide its next stage of development. He added that the company remains committed to supporting EVO’s presence in emerging markets through collaboration.
Further announcements regarding EVO’s strategy in these markets are expected in the coming months, as both companies outline future plans for regional engagement and event expansion.
Financial Performance
The stake sale also reflects a focus on financial discipline. NODWIN Gaming reported that it has returned to an EBITDA-positive position as of the third quarter of 2025. The company stated that this milestone has been achieved while maintaining revenue growth momentum.
For the first nine months of FY26, revenue stood at Rs 530.3 crore, equivalent to approximately 58.5 million US dollars, marking a 58 percent year-on-year increase. The figures indicate steady growth despite the strategic reshuffle of assets.
The esports sector continues to evolve rapidly, with global tournaments expanding into new geographies and attracting diversified investments. For NODWIN Gaming, the sale of its EVO stake signals a renewed focus on emerging regions where gaming participation and digital infrastructure are expanding at a fast pace.
While RTS assumes a greater leadership role in EVO’s global journey, NODWIN is expected to remain involved in regional initiatives, reflecting an ongoing partnership rather than a complete exit from the platform’s growth story.
