M League earns ₹560 crore overseas in FY25, turns profitable

M League, an Indian fantasy sports and gaming company, reported ₹560 crore in overseas revenue in FY25, marking its first profitable year. The earnings were driven by expansion into international markets and strategic partnerships. The development underscores how Indian digital companies are increasingly targeting global users and navigating cross-border taxation regimes. Profitability in such a competitive space reflects the sector’s maturation and investor confidence. The case also highlights the interplay of international taxation, compliance, and revenue optimization for Indian companies scaling abroad.