Categories Earnings, Research Summary, Technology
Nazara Technologies Limited Q3FY23 Earnings Summary
With operations in emerging and matured international markets, including Africa and North America, Nazara Technologies is the top gaming and sports media platform with an Indian base. It offers services in the interactive gaming, eSports, and game – based learning ecosystems.
Financial Results:
From ₹ 186 crores in Q3FY22 to ₹ 315 crores in Q3FY23, operating revenue increased by about 70%. Additionally, revenue from other sources more than quadrupled, rising to 11.5 crores from ₹ 4 crores in Q3FY22.
In Q3FY23, the esports vertical generated 49% of the revenue, followed by the game – based e-learning and ad-tech vertical at 24% and 14%, respectively.
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