Nazara delivers strong revenue growth in Q1FY22, up 45% YoY to Rs. 1,312 mn, EBITDA increases to Rs. 301 mn
Nazara Technologies Limited an India based, diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America, announced its un-audited Standalone and Consolidated results for the quarter ended 30th June 2021.
As of June 30, 2021, Nazara has diverse business segments with revenue generation happening across gamified learning, Esports, freemium and telco subscription.
Key Consolidated Financial Highlights for the financial year 2021 are as follows:
- Operating Revenues grew by 45% YoY to Rs. 1,312 million
- EBITDA* stood at to Rs. 301 million vs a loss of Rs. 134 million Q1FY21
- EBITDA* margins stood at 23% v/s -15% for Q1FY21
- Delivered a PAT of Rs. 135 million vs a loss of Rs. 217 million in Q1FY21; PAT margin of 10
*EBITDA excludes other income
The Consolidated Revenue Mix across business segments stood as follows
- The high growth segments of Gamified Early Learnings, eSports and Freemium have grown by 46%, 100% and 35% YoY to Rs. 521 million, Rs. 532 million and Rs. 58 million respectively.
Commenting on the performance, Mr. Manish Agarwal, Group CEO, said “The Q1 FY22 results revenue growth and especially enhanced ebitda margins demonstrate intrinsic strength & profitability of the underlying businesses across all of three growth segments. However, we will continue to prioritize strategic growth over margin optimization to ensure that we continue to achieve and maintain leadership in segments we operate. Nazara continues to see strong consumer and partner interest across each of our segments and business KPIs across segments continue to remain healthy in this quarter which will further help in reinforcing leadership position of the Company across esports, gamified learning and cricket simulation mobile game.”
The recent acquisition of a majority stake in Publishme will further amplify our presence in MENA region. The acquisition will focus to build local execution capabilities cutting across key growth segments of freemium, gamified learning and esports.”
SANDSOFT GAMES ANNOUNCES SECOND ‘PRESS START’ INTERNSHIP PROGRAM
Sandsoft Games – the mobile-first game developer, publisher and investor powered by AAA talent, is thrilled to announce the launch of the second season of its pioneering internship program, Press Start. Available to local residents with an interest in getting into the games industry, the full-time internships aim to foster and nurture exceptional talent for the gaming industry in Saudi Arabia.
Following the success of the first Press Start initiative which began in December 2022, aspiring games industry professionals are once again invited to embark on the journey of creating a playable mobile game within a span of six months. Aligned with Vision 2030, the Press Start initiative has been engineered to nurture diverse local talent and provide a boost to the regional games industry. The Press Start cohort will receive support from Sandsoft’s leading industry experts in various areas, allowing them to specialize in one of three disciplines: design, art, or coding.
Successful applicants will work from Sandsoft’s flagship Riyadh Studio, with access to cutting-edge equipment and resources. Press Start is overseen by a team of esteemed games industry veterans who have contributed to renowned gaming franchises like Candy Crush Saga, FIFA, World of Tanks, Need For Speed and more, including Sandsoft’s Head of Studio in Riyadh, Yahsir Qureshi.
Yahsir Qureshi commented:
“Riyadh is a city full of exceptional, diverse talent and love of gaming. It’s our job to identify this talent and help nurture future leaders who will shape the legacy of the KSA and global games industries. The tremendous success of our original Press Start program has been immensely rewarding for both the participants and Sandsoft Games as a whole, with a number of interns expected to join us as full time team members. Initiatives such as Press Start play a significant role in boosting employment prospects in the region and we can’t wait to welcome a new cohort to our Riyadh studio.”
Basem Alasmar, Game Designer at Sandsoft Games and member of the inaugural Press Start program, continued:
“When I first saw the program on LinkedIn, I was immediately drawn to the idea and the challenge it presented. Working in a gaming company has always been a dream of mine, so I was naturally intrigued. What captivated me even more were the experienced individuals at Sandsoft Games and the impressive game titles they had worked on. Their expertise and track record truly impressed me. This program continues to inspire me to strive for greatness, pushing me to create amazing things, learn extensively, and enhance my skills in my chosen field.”
Press Start is open to Saudi Individuals of any age and educational background who have a demonstrable interest in game development and are available to work in Riyadh. Applications are open until July 7, 2023, at 23:59 AST.
THE PLAYER HUNT SEASON 3
~India’s First Ever Poker Reality Show~
~ Embraces contestants from across the country ~
The Player Hunt Season 3, India’s first ever poker reality show is all set to begin its journey with its list of contestants from across the country along with the co-host Ranvijay Singha who recently shared, “With immense pleasure, I am pleased to let you all know that Player Hunt is all set with enthusiastic, courageous and experienced poker player hailing from different parts of the country. I can’t wait for this journey to begin and leave the audiences as well as the contestants with lots of memories as well as learnings from the show.”
Hailing from Mumbai, Pankti Chheda is a sports enthusiast as well as a former national level athlete, focused on playing poker and representing India in WSOP in 2025. She is not just an athlete but an avid traveller as well.
With a dream of setting a record for the longest live stream of poker, Krishan Pal Singh Dhangar is a common man from Agra, who values education, family and hobbies that challenge his mind. He shares, “Poker is something that is extremelt close to my heart and has changed my life for good. Being a part of Player Hunt season 3, I hope to get an opportunity to be able to promote this sport PAN India.”
Born and brought up at Pali Hill Bombay, Sahib Singh Lamba, an MBA and an Engineer, is the youngest Hon. General Secretary at Khar Gymkhana in Mumbai. He shares, “I have been playing poker for over 15 years and it has become a part of my life. I am aware and unpredictable and can read situations and people. Courage, wisdom & compassion will make me win the Player Hunt Season 3!” Sahib also starred in a recent Netflix series titled, “In Real Love”.
Implusive and spontaneous, Raaquib Merchant, is the owner of his own hockey league and is vocal abort promoting the national sport of India. He’s also a foodie who also loves to talk about making money and starting businesses. Poker has helped him hang out with friends and enjoy life.
A professional poker player, Pooja Doshi owns a fashion boutique and shares her journey of playing poker stating, “The beginnings of my poker journey were quite interesting. My partner wanted to pursue poker as a career to support us. Within a couple of days even I realized the potentiality of the sport and started to learn the game as well. The journey has seen me gradually grow as a player.” She is also a follower of the teachings of Osho.
A full time poker professional, Aditya Sarin, is a psychology student who also has been practicing card magic and cardistry since childhood. He suffers from a rare medical condition which restricted him from attending school in his childhood which led him to he develop a love for cards and poker at the age of 8. His love for poker has only gotten stronger ever since. In his own words he shares, “I am always up to learn something new. With proper guidance from the experts. I will surely win this season.”
Sanket Deshmukh is a college dropout who plays snooker professionally. He started his poker journey at the age of 20. He further shares, “ I was a poker dealer, that’s why I know all the rules and regulations thoroughly. I have raw sense of humour.”
Anubhav Krishna Srivastava, an artist, who is well known for his performance in the popular TV show Pavitra Rishta is also an interesting Poker player. He shares, “Poker has taught him patience & perseverance.” He finds The Player Hunt very interesting and is here as he wanted to try something new and interesting. He also says “Watch out for some mind blowing action and be ready to face me”.
With a list of varied & professional contestants, the Player Hunt Season 3 makes us all look forward to the exciting journey of all contestants loaded with action, drama and entertainment.
PAGCOR WARNS PUBLIC AGAINST US-BASED ILLEGAL GAMING WEBSITE
The Philippine Amusement and Gaming Corporation (PAGCOR) reiterates its call to the public – both local and foreign nationals – to be extra vigilant when engaging in online gaming activities as illegal online gaming sites continue to proliferate.
The renewed call from the country’s gaming regulator came on the heels of news reports that a certain website — www.starspangled200.org – which was printed on close to 800,000 registered vehicle plates in Maryland, USA to promote the state’s history, was used by fraudsters as a link to an illegal gambling website allegedly operating in the Philippines.
According to PAGCOR Chairman and CEO Alejandro Tengco, the URL www.starspangled200.org printed on these Maryland plates which redirects to https://www.globeinternational.info/ has been used as an illegal gambling platform that not only violates players’ rights but also places the Philippines in a bad light.
“PAGCOR has nothing to do with the said websites, as well as the gaming activities happening therein. As the country’s gaming regulator, PAGCOR does not condone illegal online gambling. Engaging or betting on illegal gambling activities is not only a criminal act; it also takes away from the government billions of pesos in revenues which can be used to fund priority programs that will benefit a greater number of Filipinos. Hence, we have been continuously working with various government and law enforcement agencies to ensure that our gaming policies are in place and the online gaming platforms that we regulate are safe and credible,” he said.
“We have referred this matter to our Security and Monitoring Cluster for investigation. The website was also referred to the appropriate government agency for immediate action.” Tengco added.
Tengco strongly calls for gaming aficionados to only take part in its licensed online-based gaming platforms for a truly enjoyable and safe gaming experience.
The list of registered and legitimate websites can be found through this link: https://www.pagcor.ph/regulatory/index.php.
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