Home / Uncategorized / Nazara Technologies Announces 30% Revenue Growth for H1GY22 | Pocket Gamer.biz

Nazara Technologies Announces 30% Revenue Growth for H1GY22 | Pocket Gamer.biz

The Indian game company Nazara Technologies has published its half-year figures for the six months to September 30, 2021.

The company’s operating income reached approximately $ 34.8 million, an increase of 30 percent over the previous year.

Nazara’s EBITDA increased 700 percent year over year to a total of approximately $ 6.6 million.

The company said its after-tax profit (PAT) was nearly $ 2.8 million, compared to a previous year’s loss of $ 1.1 million.

Strong execution platform

Compared to 12 months ago, the company’s eSports activity generated $ 13.7 million, up 62 percent year over year.

Nazara’s gamified learning activities grew 35 percent year over year, totaling approximately $ 14 million.

The remainder of the company’s revenue came from its telecommunications subscriptions, real money gaming, and “freemium” services.

“We built a strong execution platform in the first half of the year and expect revenue growth to accelerate further in the second half due to strong tailwinds,” said Manish Agarwal, Nazara CEO.

“We expect our consolidated sales in FY22 to grow between 35 and 40 percent year-on-year with an EBITDA margin profile of 13 to 15 percent. The growth should be supported by organic and inorganic activities.”

Nazara recently raised $ 42 million from marquee investors to fund growth initiatives and acquisitions, including acquisitions in the free-to-play and esports sectors.

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