{"id":135095,"date":"2022-10-24T09:18:16","date_gmt":"2022-10-24T13:18:16","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135095"},"modified":"2022-10-24T09:18:18","modified_gmt":"2022-10-24T13:18:18","slug":"nazara-technologies-ltd-q2-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/nazara-technologies-ltd-q2-fy23-earnings-conference-call-insights\/","title":{"rendered":"Nazara Technologies Ltd Q2 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>) Q2 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>[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.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:11:28] Nitin Jain of FairConnect asked about margins dipping below 1Q23 guidance of 12-14%. Nitish Mittersain Joint MD said the guidance was linked to the revenue guidance of 50% for FY23. NAZARA added that as long as it can maintain positive margins, it will maintain a minimum level of 10% and maintain positive cash flow.<\/li>\n<\/ul>\n<ul>\n<li>[00:12:00] Nitin Jain with FairConnect asked about Nodwin margin falling further below 1%. Nitish Mittersain Joint MD answered that in Nodwin NAZARA took significant investments. Also there is seasonality with 1H having lower margins. And in 2Q23, NAZARA spent aggressively in marketing in the gaming accessories business.<\/li>\n<\/ul>\n<ul>\n<li>[00:17:15] Jinesh Joshi from Prabhudas Liladhar asked about the marketing spend of $3 million for Kiddopia in 2Q23 and going forward what would be the subscriber growth. Nitish Mittersain Joint MD said that it expects Kiddopia user base to be stable and should start showing growth in the coming quarters. NAZARA also expects to increase the spend as opportunities arise.<\/li>\n<\/ul>\n<ul>\n<li>[00:27:46] Abhishek Kumar of JM Financial asked about the reason for deceleration in the second half, which is usually a strong period. Nitish Mittersain Joint MD replied that 2Q23 growth has been higher due to festival sales in ecommerce. Overall, excluding Datawrkz and WildWorks, NAZARA would have grown 70% in 2Q23 and 58% in 1H over last year. So there\u2019s no deceleration.<\/li>\n<\/ul>\n<ul>\n<li>[00:32:41] Ankit Dev of JM Financial enquired about the revenue split in Nodwin as to OML and D2C. Manish Agarwal CEO said that the company usually gives media and non-media. NAZARA does not want to give further split as each of splits are still very small in nature.<\/li>\n<\/ul>\n<ul>\n<li>[00:32:56] Ankit Dev of JM Financial also asked about the borrowings of 106 million in balance sheet. Manish Agarwal CEO replied that on the borrowing part, there is a brand scale, which is the gaming accessory business that has a working capital discipline, which is the addition to balance sheet.<\/li>\n<\/ul>\n<ul>\n<li>[00:35:05] Ankit Dev with JM Financial asked about the reason of a steep rise in other income in 2Q23. Manish Agarwal CEO answered that the other income is seeing a spike because of NAZARA\u2019s investment in Rusk Media that came at a higher valuation that\u2019s included in other income.<\/li>\n<\/ul>\n<ul>\n<li>[00:42:41] Aparna Shanker from SBI Mutual asked about the inclusions in media and non-media. Manish Agarwal CEO replied that any money that is collected from OTT, media, and TV platforms is included in media. And in non-media, it includes D2C, white-label events, brand sponsorship from own IP, and running the whole infrastructure for team and everyone.<\/li>\n<\/ul>\n<ul>\n<li>[00:44:35] Raj Joshi of Ace Securities enquired about the reason for impairment loss of around INR76 million. Manish Agarwal CEO clarified that the impairment loss is due to the partial write down on one of the investment it took in the quarter.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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&amp;A Highlights: [00:11:28] Nitin Jain of FairConnect asked [&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 Q2 FY23 Earnings Conference Call Insights #NAZARA #Q2 #FY23 #Earnings #Stocks","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],"tags":[10169,8532],"class_list":["post-135095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","tag-earnings","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":139282,"url":"https:\/\/alphastreet.com\/india\/nazara-technologies-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":135095,"position":0},"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":145756,"url":"https:\/\/alphastreet.com\/india\/nazara-technologies-ltd-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":135095,"position":1},"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":132150,"url":"https:\/\/alphastreet.com\/india\/nazara-technologies-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":135095,"position":2},"title":"Nazara Technologies Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 2, 2022","format":false,"excerpt":"Key highlights from Nazara Technologies Ltd (NAZARA) Q1 FY23 Earnings Concall Q&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,\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":136330,"url":"https:\/\/alphastreet.com\/india\/nazara-technologies-ltd-nazara-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":135095,"position":3},"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":[]},{"id":139187,"url":"https:\/\/alphastreet.com\/india\/nazara-technologies-ltd-nazara-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":135095,"position":4},"title":"Nazara Technologies Ltd (NAZARA) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"January 25, 2023","format":false,"excerpt":"Nazara Technologies Ltd (NSE: NAZARA) Q3 FY23 Earnings Concall dated Jan. 25, 2023 Corporate Participants: Nitish Mittersain\u00a0--\u00a0Founder and Joint Managing Director Anupriya Sinha Das\u00a0--\u00a0Head of Corporate Development Sudhir Kamath\u00a0--\u00a0Chief Operating Officer Analysts: Karan Taurani\u00a0--\u00a0Elara Capital -- Analyst Rahul Jain\u00a0--\u00a0Dolat Capital -- Analyst Abhishek Kumar\u00a0--\u00a0JM Financial -- Analyst Jinesh Joshi\u00a0--\u00a0Prabhudas Lilladher\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":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.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":135095,"position":5},"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":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135095","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=135095"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135095\/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=135095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=135095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=135095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}