Nazara Technologies Q1 Review - Result Beat, Profitability Sees Sharp Uptick: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Nazara Technologies Ltd. reported revenue growth of 6.3% QoQ (our estimate: 12.3%). The miss was led by slower traction in Gamified learning business (up 2.9% QoQ versus estimate of 59.0%) and Nodwin business (up 4.3% QoQ versus estimate of 22.2%). The performance of other businesses of Nazara Technologies was better than estimates: Telco: 0.4% / Freemium: 33.9% / Sportskeeda: 26.0% / real-money gaming: 8.5%. (QoQ growth). Operating profit margin improved to 12.9% (our estimate: 10.7%) due to better profitability across business segments. Although Gamified Early Learning’s growth was soft but that resulted in improved margins to 36.3% from 12.6% on account of lower upfront advertising spends due to Apple’s privacy policy changes impacting attribution. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Nazara Technologies Q1 Review - Result Beat, Profitability Sees Sharp Uptick: Dolat Capital

Nazara Technologies Q1 Review - Result Beat, Profitability Sees Sharp Uptick: Dolat Capital

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