Nazara Technologies Limited
4,088words
19turns
0analyst exchanges
0executives
Key numbers — 40 extracted
75%
21%
INR 1,000 crore
INR 1,091.0 crore
INR 100 crore
INR 109.7 crore
94.6 crore
109.7 crore
16%
50.7 crore
61.4 crore
28%
Risks & concerns — 1 flagged
Growth (QoQ) -2.2% -0.6% 3.7% 0.2% Prices still low compared to peers Monthly Subscription $12.99 $14.99 $9.99 Kiddopia ABC Mouse LingoK ids Note: 1 Metrics for iOS ▪ ▪ Subscriber Growth: Held on to subscriber growth of Q3 and grew further, despite negative impact of seasonality (Q3 is the festive season in US and Q4 typically sees a pull-back) EBITDA margin improved to 18.4% in Q4 vs.
— Revenues
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Speaking time
9
4
2
1
1
1
1
Opening remarks
Company-wise call-outs
• • Gamified Early Learning: Kiddopia is back on growth track (12% revenue and EBITDA growth in Q4FY23) • Skill based RMG: Classic Rummy saw 11% revenue growth and 20% EBITDA growth in Q4FY23 owing to operational improvements • Nodwin revenue grew by 57% in Q4FY23 driven by growth in multiple IPs (Playground, Dgtl etc.) as well as strong growth in gaming accessories business Sportskeeda revenues grew by 41% in Q4FY23, as US revenues grew ~53% during the same period • • Datawrkz grew by 33% in Q4FY231 * Business performance comparison based on 3M financials for Q4FY23 and Q4FY22. Consolidation in Nazara post 13-Apr-2022. 5 Strong performance: All growth engines fired well in FY23 Consolidated Revenue (INR Crore) +75% 1,091.0 153.2 YoY Growth*: 53% 621.7 303.9 317.8 FY22 531.5
Company-wise call-outs
• Gamified Early Learning: Kiddopia is back on growth track (8% revenue growth in FY23) • Freemium: WCC witnessed 72% EBITDA growth in FY23 driven by ad optimization and cost control • Skill based RMG: Classic Rummy saw 33% revenue growth and 79% EBITDA growth owing to operational improvements • Nodwin revenue grew by 84% in FY23 driven by growth in multiple IPs (Playground, PUBG IPs in South Asia, Dgtl etc.) as well as strong growth in gaming accessories business Sportskeeda revenues grew by 55% in FY23, as US revenues grew ~89% during the same period • • Datawrkz grew by 53% in FY23*. The company added 42 new clients in FY23 * Business performance comparison based on 12M financials for FY23 and FY22. Consolidation in Nazara post 13-Apr-2022. 6 Strategic Overview A diversified business with multiple growth engines Gaming eSports YoY Growth: 28% EBITDA Margin: 18% YoY Growth: 75% EBITDA Margin: 8% Adtech YoY Growth: 53%* EBITDA Margin: 9% Revenue by Segment (FY23) Adtech 14% Gaming 37%
Revenues
122.4 Cr Mar’23 MAU: 71 mn Mar’22 MAU: 68 mn Launched NBA and NFL Global leader in Wrestling Strong growth in US Sports- NBA, NFL and MLB 3.8x in 3 years FY23
Revenues
58.2 Cr Sep’19 Subs: 87k Acquired by Jan-2020 Data driven UA spends Among Top 5 grossing Apps Content Updates Monthly Price hike FY18 FY19 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 10 Demonstrated ability to scale businesses within the Nazara Group (2/2) FY23 Revenues1: 153.2 Cr YoY : 53% FY22
Augmented team
Headcount increased to 76 in Mar’23 from 50 in Mar’22 Built presence in EMEA and increased the number of brands the independent trading desk works with Built demand side products business FY23
Revenues
53.0 Cr YoY : 33% Google play allowed to run pilot of real money games in India 1 million registered users for Classic Rummy FY22
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