NAZARANSEQ3 FY23January 24, 2023

Nazara Technologies Limited

4,739words
20turns
0analyst exchanges
0executives
Key numbers — 40 extracted
80%
from time to time by or on behalf of the Company. 2 Strong 9MFY23 Performance: Revenue growth of 80%, EBITDA of INR 820 million, PAT growth of 22% We continue to have an excellent year, with 80% y-o
INR 820 million
ime by or on behalf of the Company. 2 Strong 9MFY23 Performance: Revenue growth of 80%, EBITDA of INR 820 million, PAT growth of 22% We continue to have an excellent year, with 80% y-o-y Revenue growth in 9M FY2
22%
ny. 2 Strong 9MFY23 Performance: Revenue growth of 80%, EBITDA of INR 820 million, PAT growth of 22% We continue to have an excellent year, with 80% y-o-y Revenue growth in 9M FY23, and 22% PAT growt
797 million
nsolidated Revenue 8,017 +80% 4,466 Nitish Mittersain Joint MD and CEO 9MFY22 9MFY23 EBITDA: 797 million EBITDA: 820 million YoY: 3% PAT: 459 million PAT: 558 million YoY: 22% 3 Strategic Overview
820 million
,017 +80% 4,466 Nitish Mittersain Joint MD and CEO 9MFY22 9MFY23 EBITDA: 797 million EBITDA: 820 million YoY: 3% PAT: 459 million PAT: 558 million YoY: 22% 3 Strategic Overview We have built a dive
3%
Nitish Mittersain Joint MD and CEO 9MFY22 9MFY23 EBITDA: 797 million EBITDA: 820 million YoY: 3% PAT: 459 million PAT: 558 million YoY: 22% 3 Strategic Overview We have built a diversified b
459 million
ittersain Joint MD and CEO 9MFY22 9MFY23 EBITDA: 797 million EBITDA: 820 million YoY: 3% PAT: 459 million PAT: 558 million YoY: 22% 3 Strategic Overview We have built a diversified business model with
558 million
and CEO 9MFY22 9MFY23 EBITDA: 797 million EBITDA: 820 million YoY: 3% PAT: 459 million PAT: 558 million YoY: 22% 3 Strategic Overview We have built a diversified business model with presence in five
2%
t (9MFY23) EBITDA by Segment (9MFY23) Revenue by Geography (9MFY23) Freemium Real Money Gaming 2% 5% Ad-Tech 14% 24% Gamified E learning Telco Subscription Telco Subscription Rest of the wo
5%
MFY23) EBITDA by Segment (9MFY23) Revenue by Geography (9MFY23) Freemium Real Money Gaming 2% 5% Ad-Tech 14% 24% Gamified E learning Telco Subscription Telco Subscription Rest of the world
14%
A by Segment (9MFY23) Revenue by Geography (9MFY23) Freemium Real Money Gaming 2% 5% Ad-Tech 14% 24% Gamified E learning Telco Subscription Telco Subscription Rest of the world 5% Freemium
24%
Segment (9MFY23) Revenue by Geography (9MFY23) Freemium Real Money Gaming 2% 5% Ad-Tech 14% 24% Gamified E learning Telco Subscription Telco Subscription Rest of the world 5% Freemium 6%
Guidance — 2 items
Invigorate Core Business
opening
Company estimates 24 2B eSports : Sportskeeda- Leadership position across multiple sports content 25 2B eSports : Sportskeeda- Sustained revenue and EBITDA growth +53% CAGR 356 281 66.4% 48.4% 37.9% 152 101 136 135 +90% CAGR 937 55.2% 589 40.4% 33.0% 259 143 238 309 Q3FY21 Q3FY22 Q3FY23 9MFY21 9MFY22 9MFY23 Figures in Rs.
Note
opening
Nazara has sent intimation in Dec-22 to Dataworkz to acquire additional 22% stake as per SHA New Clients 27 4 Freemium: Nextwave’s WCC Franchise- Cricket Simulation Games with 10 mn MAU 28 4 Freemium: Nextwave: Revenue growth of 38% in 9MFY23 +12% CAGR +21% CAGR 67 187 53 28.3% 51 23.5% 31.3% 128 25.8% 136 13.2% 29.9% Geographical Split (MAU- 9MFY23) 5% Revenue Split (9MFY23) 1% 20% 15 12 21 33 18 56 30% 65% 78% Q3FY21 Q3FY22 Figures in Rs.
Advertisement
Risks & concerns — 1 flagged
9.9% in 9MFY22 due to growth investments which resulted in revenue growth of 98% YoY in 9MFY23 • Sportskeeda revenues grew by 59% in 9MFY23, as US revenues grew ~100% during the same period • Gamified early learning: 26% YoY revenue growth in 9MFY23 • Kiddopia subscriber growth back after multiple quarters of decline (due to Apple IDFA).
Repatriate
Speaking time
Revenues
9
Monthly Price
2
What we provide support for in our companies
1
What we change in our companies
1
Augmented team
1
Organic Growth
1
Repatriate
1
YoY
1
Invigorate Core Business
1
Note
1
Advertisement
Opening remarks
What we change in our companies
- Board of Directors - Financial Reporting - Capital Allocation Framework Infuse “Nazara DNA”: ü Long Term Mindset ü Driving Profitable Growth ü Enhanced Governance 7 We have successfully deployed the playbook to scale our businesses (1/2) FY22
Revenues
142 mn Launched eSports and MMA Sep’20 MAU: 42 mn Acquired by Sep’19 MAU: 24 mn Strong growth in US Sports- NBA, NFL and MLB Dec’22 MAU: 77 mn Global leader in Wrestling Launched NBA and NFL Sep’21 MAU: 57 mn FY20
Monthly Price
$9.99 #2 Grossing Apps Acquired by Sep’19 Subs: 87k Data driven UA spends Among Top 5 grossing Apps Content Updates
Monthly Price
$6.99 FY18 FY19 FY20 FY21 FY22 and beyond FY20 FY21 FY22 and beyond FY20 FY21 FY22 and beyond 8 We have successfully deployed the playbook to scale our businesses (2/2) 9MFY23 Revenues1: 1,182 mn YoY : 55% 9MFY22
Augmented team
Headcount increased to 72 in Sep’22 from 40 in Sep’21 Built presence in EMEA and increased the number of brands the independent trading desk works with Built demand side products business 9MFY23
Revenues
406 mn YoY : 28% Google play allowed to run pilot of real money games in India 1 million registered users for Classic Rummy 9MFY22
Advertisement
← All transcriptsNAZARA stock page →