{"id":132150,"date":"2022-08-02T08:25:32","date_gmt":"2022-08-02T12:25:32","guid":{"rendered":"https:\/\/44.250.171.167\/?p=132150"},"modified":"2022-10-06T04:54:55","modified_gmt":"2022-10-06T08:54:55","slug":"nazara-technologies-ltd-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/nazara-technologies-ltd-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Nazara Technologies Ltd Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Nazara Technologies Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/NAZARA\/\">NAZARA<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Nitin Jain of FairView Investment asked how the company is thinking about margins for FY23 and beyond. Manish Agarwal CEO said that NAZARA is looking at aggressive revenue growth and is never going to be loss making, and has no intent to maximize EBITDA; believes 12-13% is good for the company. This stance NAZARA will continue to maintain over a period of time.<\/li>\n<\/ul>\n<ul>\n<li>Mukul Garg from Motilal Oswal enquired that on Kiddopia, how the company thinks about the volume growth. Manish Agarwal CEO said that on the subscriber base, since the base is lower it will continue to grow.<\/li>\n<\/ul>\n<ul>\n<li>Mukul Garg from Motilal Oswal also asked about profitability going forward in Kiddopia. Manish Agarwal CEO replied that in the coming quarters, the company is talking about 900,000 to 1 billion performance. Therefore, the company will see improved margins in 2Q23 from Kiddopia.<\/li>\n<\/ul>\n<ul>\n<li>Jinesh Joshi with Prabhudas Lilladher enquired about Nodwin and the EBITDA initiatives taken in that segment. Manish Agarwal CEO said that NAZARA has expanded Nodwin besides having large IP-based tournaments into gaming accessories business and creating on-demand content and scripted reality shows.<\/li>\n<\/ul>\n<ul>\n<li>Jinesh Joshi with Prabhudas Lilladher also asked about driver of lower contribution to media rights in 1Q23 vs. 1Q22. Manish Agarwal CEO answered that NAZARA\u2019s own IP businesses are more in 2H not in 1H, which is where the media contributions will be different. NAZARA is working to a year round IPs which can have a media partnership like Pro Master Series.<\/li>\n<\/ul>\n<ul>\n<li>Jinesh Joshi of Prabhudas Lilladher asked that on Kidopia how the company has fared on the market share side, considering the fact that the changes have been around for quite some time. Manish Agarwal CEO replied that the company has maintained number 2 rank in the App Store Kids category. NAZARA added that all in the market is in the same boat.<\/li>\n<\/ul>\n<ul>\n<li>Mansi Desai with Dalal &amp; Broacha asked that on Kiddopia, what kind of response the company is getting from new subscriber additions. Manish Agarwal CEO replied that NAZARA has not seen great results of brand campaign. The company added that its marketing budget is going to directly be attributable to performance.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Nazara Technologies Ltd (NAZARA) Q1 FY23 Earnings Concall Q&amp;A Highlights: Nitin Jain of FairView Investment asked how the company is thinking about margins for FY23 and beyond. Manish Agarwal CEO said that NAZARA is looking at aggressive revenue growth and is never going to be loss making, and has no intent to [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Nazara Technologies Ltd Q1 FY23 Earnings Conference Call Insights #NAZARA #Q1 #FY23","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,8],"tags":[8532],"class_list":["post-132150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-technology"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":135095,"url":"https:\/\/alphastreet.com\/india\/nazara-technologies-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":132150,"position":0},"title":"Nazara Technologies Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 24, 2022","format":false,"excerpt":"Key highlights from Nazara Technologies Ltd (NAZARA) Q2 FY23 Earnings Concall Management Update: [00:07:48] NAZARA said that at Sportskeeda, it continues to grow its U.S revenues, that grew 2.6 times in 2Q23, driven by higher video revenues and strengthening offering in eSports as well as core sports. Q&A Highlights: [00:11:28]\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128096,"url":"https:\/\/alphastreet.com\/india\/nazara-technologies-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":132150,"position":1},"title":"Nazara Technologies Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"March 3, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=SoeFoTGICZI Key highlights from Nazara Technologies Ltd (NAZARA) Q3 FY22 Earnings Concall Q&A Highlights: Nitin Jain from FairView Investment asked if the company is seeing the margins dipping in 4Q. Manish Agarwal, CEO said the company would like to continue to work from a revenue growth point of view and\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":145756,"url":"https:\/\/alphastreet.com\/india\/nazara-technologies-ltd-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":132150,"position":2},"title":"Nazara Technologies Ltd Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"May 11, 2023","format":false,"excerpt":"Key highlights from Nazara Technologies Ltd (NAZARA) Q4 FY23 Earnings Concall Management Update: [00:01:43] NAZARA achieved a milestone in FY23 with revenues surpassing INR 1,000 crores for the first time and EBITDA of INR109.7 crores. [00:08:14] NAZARA said Tamil Nadu's ban on online games of chance has a short-term negative\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139282,"url":"https:\/\/alphastreet.com\/india\/nazara-technologies-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":132150,"position":3},"title":"Nazara Technologies Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"January 26, 2023","format":false,"excerpt":"Key highlights from Nazara Technologies Ltd (NAZARA) Q3 FY23 Earnings Concall Management Update: [00:02:54] NAZARA said Kiddopia came back on a growth path with subscribers growing by 3.7% in 3Q23, while revenue grew by 21% aided by the price hike taken in the earlier quarter. Q&A Highlights: [00:12:27] Abhishek Kumar\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":156192,"url":"https:\/\/alphastreet.com\/india\/nazara-technologies-ltd-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":132150,"position":4},"title":"Nazara Technologies Ltd Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"November 14, 2023","format":false,"excerpt":"Key highlights from Nazara Technologies Ltd (NAZARA) Q2 FY24 Earnings Concall Financial Performance Revenue increased 13% year-on-year to INR297.2 crores. EBITDA grew 30% year-on-year to INR 27.9 crores. PAT increased 53% year-on-year to INR 24.2 crores. Gaming segment revenue grew 43% and EBITDA 14% year-on-year in Q2. eSports segment revenue\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":136330,"url":"https:\/\/alphastreet.com\/india\/nazara-technologies-ltd-nazara-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":132150,"position":5},"title":"Nazara Technologies Ltd (NAZARA) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"October 20, 2022","format":false,"excerpt":"Nazara Technologies Ltd (NSE: NAZARA) Q2 FY23 Earnings Concall dated Oct. 20, 2022 Corporate Participants: Nitish Mittersain\u00a0--\u00a0Founder and Joint Managing Director Sudhir Kamath\u00a0--\u00a0Chief Operating Officer Manish Agarwal\u00a0--\u00a0Chief Executive Officer Anupriya Sinha Das\u00a0--\u00a0Head of Corporate Development Analysts: Abhisek Banerjee\u00a0--\u00a0Analyst Nitin Jain\u00a0--\u00a0FairConnect Business Advisors Pvt Ltd. -- Analyst Jinesh Joshi\u00a0--\u00a0Prabhudas Lilladher Pvt\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=132150"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=132150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=132150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=132150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}