Mumbai: India-based diversified gaming and sports media platform Nazara Technologies has announced that its operating revenue grew by 35 per cent to Rs 4,466 million for the quarter and nine months ended 31 December 2021. In 9MFY21, it had reported Rs 3,308 million.
According to the un-audited standalone and consolidated results shared by the company, it delivered a Profit After Tax (PAT) of Rs 428 million, recording a growth of 355 per cent y-o-y. The EBITDA stood at Rs 797 million, a growth of 141 per cent YoY, while the EBITDA margins were recorded at 17.8 per cent vs 10 per cent for 9MFY21. This value excludes other income, it said.
The esports segment demonstrated 75 per cent growth in revenue as well as 71 per cent growth in EBITDA in the first 9MFY22. According to Nazara, the e-sports segment now contributes the highest revenue in Nazara portfolio with a 48 per cent contribution in 9MFY22 revenue vs 37 per cent in 9MFY21.
Gamified Early Learning grew by 22 per cent in 9MFY22 over 9MFY21 and added a net positive paying subscriber base in Q3. While the skill-based real money gaming grew by 53 per cent in 9MFY22 over 9MFY21 and delivered break-even EBITDA in Q3 as against losses in previous quarters.
“We have witnessed 75 per cent YoY growth in the esports segment for 9MFY22 led by strong growth in revenue across all sub-segments in Nodwin and SportsKeeda," said Group CEO Manish Agarwal. "The addition of original IPs such as NH7 Weekender and expansion of our esports business into the Middle East via our acquisition of Publishme has further accelerated the growth momentum.”
According to Agarwal, Nazara’s strategy of having a diversified portfolio across business segments in gaming continues to provide the company with a stable and strong platform on which we can continue to build future growth and success. “The company continues to remain committed to building multiple growth levers across gamified learning, freemium, esports, and skill-based real money gaming via growth in its current portfolio and the addition of more offerings in the ‘Friends of Nazara’ network through strategic M&A.”
