Nazara Technologies is a mobile gaming and sports media startup that reported a 6.06 percent decrease in operational revenue to Rs 250 crore in the first quarter of FY25. The startup provides an online gaming and e-sports platform. The company’s major source of income is from subscription, freemium, and competitive gaming-based models. Nazara Technologies focuses on developing multiplayer and casual sports genre mobile games.
Entrackr mentioned in a report that the firm has shown a strong financial record in the first quarter of FY25. The company reported a 38 percent increase in profit to Rs 23.62 crore in the same duration. The operating revenue for this financial year crossed 52.73% through e-sports followed by the gaming segment which accounts for 37.11 percent and the remaining 10.26 percent came from ad tech. The company has secured over 128 million USD across multiple funding rounds since its inception, including $12.1 million raised during the post-IPO round. The startup also received Rs 25.57 crore through interest and gains on financial assets which made the overall revenue for this quarter stand at Rs 275.65 crore.
Nazara Technologies offers an online sports media and gaming platform to provide the best gaming experience. The company currently operates three sectors including gaming, esports, and advertising. The web servers, content, and events take up to 35.17 percent of the total expenses. However, 21.28 percent of the total expenditure accounts for the employee benefits followed by marketing which accounts for 17 percent of total expense. The total expenditure of the firm saw a 15.44 percent decline to Rs 241 crore in the first quarter of FY25. The startup reported an increase in its profit to Rs 23 crore for Q1 of this financial year.
The gaming company focuses on improving its business model while offering innovative solutions, which positions it well in the global e-sports market. The company plans to control losses by minimizing operating expenses and employee benefits. According to the kredible, the firm has acquired around 14 startups to date including Fusebox Gaming, Paper Boat Apps, and assets of DeltiasGaming. Nazara Technologies plans to invest around 100 million USD in merging and acquisition for the next two years. It faces competition from other gaming platforms including Mobile Premier League, Kongregate, and the Athletic.
Conclusion:
Nazara announced a 6.06 percent decrease in operational revenue to Rs 250 crore in Q1 FY25. This e-sports and gaming startup offers multiplayer and casual sports genre mobile games. These gaming services and ad tech are the primary sources of income for the company. The startup had a 38 percent increase in its profit to Rs 23.62 crore in the first quarter of FY25. The total expenses of the company showed a 15.44 percent decrease and crossed Rs 241 crore in the same period. The company plans to control its expenditure on employee benefits to decrease its losses. The web servers, events, and content account for 35.17 percent of the overall expenses.
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