Nazara Technologies Share Price
Nazara Technologies Ltd.
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About Nazara Technologies
Nazara Technologies is an industry-leading interactive gaming, eSports, ad-tech, and gamified early learning platform headquartered in India. It also has a significant presence in other developing and established regions, including Africa and North America. The company owns some of the most well-known intellectual property in the industry, such as WCC and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, Halaplay Technologies Private Limited ("Halaplay"), Openplay Technologies Private ("Openplay") in skill-based, fantasy, and trivia games, and Datawrkz in digital ad tech. In addition, Nazara was an early foray into the Indian market for eSports (through Nodwin) and cricket simulation (through Nextwave).
Subscription, Freemium, eSports, Skill-Based Gaming in India, and Chance-Based Gaming in Kenya, Africa, are all part of Nazara's various business strategies. This business model is predicated on reliance on Indian telecommunications providers. Many telecoms provide their customers with gaming subscriptions that emphasize the provision of simple games. Due to consumers' low propensity to pay, service providers like Nazara were offered sachet pricing for their subscription services. Daily, weekly, and monthly plans were available, and subscribers' payments were collected by telecom companies, who then distributed an average of 50% of the proceeds to the service providers.
Within this framework, the business creates and publishes successful games on the app store and Google Play so that users of mobile devices may get them for free. Users may encounter advertisements while playing these games. The success of Nazara Tech depends on these advertisements. The greater the game's reach, the more money it will make. These games require skill and strategy and provide players the chance to earn real money in a multiplayer setting. Online gaming is what attracts subscribers. With these methods, Nazara Tech generates income. Example: a fantasy sports league
In this setup, casual players tune in to a live broadcast of a professional match being played on an OTT service and listen to a live commentary feed. This is an entirely novel idea. Let's break this down into its parts and get a firm grasp. We're all gathered around the TV or an OTT service like Hotstar to watch the cricket match live. Live streaming rights for a cricket match are purchased from the organizing cricket business or board by companies like Star Sports. Do you want to know about the Nazara Technologies Shares? Click Here to know about today's Nazara Technologies Share Price.
Subscription, Freemium, eSports, Skill-Based Gaming in India, and Chance-Based Gaming in Kenya, Africa, are all part of Nazara's various business strategies. This business model is predicated on reliance on Indian telecommunications providers. Many telecoms provide their customers with gaming subscriptions that emphasize the provision of simple games. Due to consumers' low propensity to pay, service providers like Nazara were offered sachet pricing for their subscription services. Daily, weekly, and monthly plans were available, and subscribers' payments were collected by telecom companies, who then distributed an average of 50% of the proceeds to the service providers.
Within this framework, the business creates and publishes successful games on the app store and Google Play so that users of mobile devices may get them for free. Users may encounter advertisements while playing these games. The success of Nazara Tech depends on these advertisements. The greater the game's reach, the more money it will make. These games require skill and strategy and provide players the chance to earn real money in a multiplayer setting. Online gaming is what attracts subscribers. With these methods, Nazara Tech generates income. Example: a fantasy sports league
In this setup, casual players tune in to a live broadcast of a professional match being played on an OTT service and listen to a live commentary feed. This is an entirely novel idea. Let's break this down into its parts and get a firm grasp. We're all gathered around the TV or an OTT service like Hotstar to watch the cricket match live. Live streaming rights for a cricket match are purchased from the organizing cricket business or board by companies like Star Sports. Do you want to know about the Nazara Technologies Shares? Click Here to know about today's Nazara Technologies Share Price.
Fundamentals of Nazara Technologies Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 3319.95 Cr |
0.00 |
6.00 |
188.01 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
-5.03 % |
-10.40 |
0.00 % |
140.22 |
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As of 29 Mar`23 the Market Cap of Nazara Technologies Ltd. is 3319.95.
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As of 29 Mar`23 the PE is 0.00 and PB is 6.00.
Nazara Technologies - Quaterly Results
Publish Date: 24/01/2023
A decrease in the sales to Rs. 58.00 millions was observed for the quarter ended December 2022. The sales stood at Rs. 63.00 millions during the similar quarter previous year.The Total Profit for the quarter ended December 2022 of Rs. 22.00 millions grew from Rs.-24.00 millions Operating profit Margin for the quarter ended December 2022 improved to 31.00% as compared to -17.00% of corresponding quarter ended December 2021
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 58.00 | 63.00 | -7.94 | 168.00 | 169.00 | -0.59 | 204.00 | 329.00 | -37.99 |
| Other Income | 69.00 | 18.00 | 283.33 | 215.00 | 74.00 | 190.54 | 126.00 | 90.00 | 40.00 |
| PBIDT | 31.00 | -17.00 | -282.35 | -76.00 | -155.00 | -50.97 | -305.00 | 47.00 | -748.94 |
| Interest | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 3.00 | 2.00 | 50.00 |
| PBDT | 31.00 | -17.00 | -282.35 | -77.00 | -155.00 | -50.32 | -308.00 | 45.00 | -784.44 |
| Depreciation | 7.00 | 12.00 | -41.67 | 21.00 | 32.00 | -34.38 | 38.00 | 54.00 | -29.63 |
| PBT | 24.00 | -29.00 | -182.76 | -98.00 | -187.00 | -47.59 | -346.00 | -9.00 | 3744.44 |
| TAX | 2.00 | -5.00 | -140.00 | 21.00 | -36.00 | -158.33 | -8.00 | -17.00 | -52.94 |
| Deferred Tax | 3.00 | -5.00 | -160.00 | 19.00 | -40.00 | -147.50 | -13.00 | -26.00 | -50.00 |
| PAT | 22.00 | -24.00 | -191.67 | -119.00 | -151.00 | -21.19 | -338.00 | 8.00 | -4325.00 |
| Equity | 264.00 | 130.00 | 103.08 | 264.00 | 130.00 | 103.08 | 130.00 | 122.00 | 6.56 |
| PBIDTM(%) | 53.45 | -26.98 | -298.07 | -45.24 | -91.72 | -50.68 | -149.51 | 14.29 | -1146.57 |
Nazara Technologies - Quaterly Results
Publish Date: 24/01/2023
Net sales declined -7.94% to Rs. 58.00 million from Rs. 63.00 millions.The Total Profit for the quarter ended December 2022 of Rs. 22.00 millions grew from Rs.-24.00 millions Operating profit Margin for the quarter ended December 2022 improved to 31.00% as compared to -17.00% of corresponding quarter ended December 2021
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 58.00 | 63.00 | -7.94 | 168.00 | 169.00 | -0.59 | 204.00 | 329.00 | -37.99 |
| Other Income | 69.00 | 18.00 | 283.33 | 215.00 | 74.00 | 190.54 | 126.00 | 90.00 | 40.00 |
| PBIDT | 31.00 | -17.00 | -282.35 | -76.00 | -155.00 | -50.97 | -305.00 | 47.00 | -748.94 |
| Interest | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 3.00 | 2.00 | 50.00 |
| PBDT | 31.00 | -17.00 | -282.35 | -77.00 | -155.00 | -50.32 | -308.00 | 45.00 | -784.44 |
| Depreciation | 7.00 | 12.00 | -41.67 | 21.00 | 32.00 | -34.38 | 38.00 | 54.00 | -29.63 |
| PBT | 24.00 | -29.00 | -182.76 | -98.00 | -187.00 | -47.59 | -346.00 | -9.00 | 3744.44 |
| TAX | 2.00 | -5.00 | -140.00 | 21.00 | -36.00 | -158.33 | -8.00 | -17.00 | -52.94 |
| Deferred Tax | 3.00 | -5.00 | -160.00 | 19.00 | -40.00 | -147.50 | -13.00 | -26.00 | -50.00 |
| PAT | 22.00 | -24.00 | -191.67 | -119.00 | -151.00 | -21.19 | -338.00 | 8.00 | -4325.00 |
| Equity | 264.00 | 130.00 | 103.08 | 264.00 | 130.00 | 103.08 | 130.00 | 122.00 | 6.56 |
| PBIDTM(%) | 53.45 | -26.98 | -298.07 | -45.24 | -91.72 | -50.68 | -149.51 | 14.29 | -1146.57 |
Nazara Technologies - Quaterly Results
Publish Date: 24/01/2023
Net sales declined -7.94% to Rs. 58.00 million from Rs. 63.00 millions.The Total Profit for the quarter ended December 2022 of Rs. 22.00 millions grew from Rs.-24.00 millions Operating profit Margin for the quarter ended December 2022 improved to 31.00% as compared to -17.00% of corresponding quarter ended December 2021
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 58.00 | 63.00 | -7.94 | 168.00 | 169.00 | -0.59 | 204.00 | 329.00 | -37.99 |
| Other Income | 69.00 | 18.00 | 283.33 | 215.00 | 74.00 | 190.54 | 126.00 | 90.00 | 40.00 |
| PBIDT | 31.00 | -17.00 | -282.35 | -76.00 | -155.00 | -50.97 | -305.00 | 47.00 | -748.94 |
| Interest | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 3.00 | 2.00 | 50.00 |
| PBDT | 31.00 | -17.00 | -282.35 | -77.00 | -155.00 | -50.32 | -308.00 | 45.00 | -784.44 |
| Depreciation | 7.00 | 12.00 | -41.67 | 21.00 | 32.00 | -34.38 | 38.00 | 54.00 | -29.63 |
| PBT | 24.00 | -29.00 | -182.76 | -98.00 | -187.00 | -47.59 | -346.00 | -9.00 | 3744.44 |
| TAX | 2.00 | -5.00 | -140.00 | 21.00 | -36.00 | -158.33 | -8.00 | -17.00 | -52.94 |
| Deferred Tax | 3.00 | -5.00 | -160.00 | 19.00 | -40.00 | -147.50 | -13.00 | -26.00 | -50.00 |
| PAT | 22.00 | -24.00 | -191.67 | -119.00 | -151.00 | -21.19 | -338.00 | 8.00 | -4325.00 |
| Equity | 264.00 | 130.00 | 103.08 | 264.00 | 130.00 | 103.08 | 130.00 | 122.00 | 6.56 |
| PBIDTM(%) | 53.45 | -26.98 | -298.07 | -45.24 | -91.72 | -50.68 | -149.51 | 14.29 | -1146.57 |
Nazara Technologies shines on planning to acquire WildWorks
Publish Date: 30/08/2022
Nazara will acquire 100% of the company and its IP from existing shareholders in an all-cash transaction
Nazara Technologies is currently trading at Rs. 644.25, up by 13.55 points or 2.15% from its previous closing of Rs. 630.70 on the BSE.
The scrip opened at Rs. 637.50 and has touched a high and low of Rs. 647.35 and Rs. 637.50 respectively. So far 531 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 1677.20 on 11-Oct-2021 and a 52 week low of Rs. 484.00 on 22-Jun-2022.
Last one week high and low of the scrip stood at Rs. 662.85 and Rs. 621.75 respectively. The current market cap of the company is Rs. 4147.14 crore.
The promoters holding in the company stood at 19.20%, while Institutions and Non-Institutions held 15.65% and 65.15% respectively.
Nazara Technologies is planning to acquire leading U.S. children’s interactive entertainment company WildWorks. Nazara will acquire 100% of the company and its IP from existing shareholders in an all-cash transaction.
WildWorks describes its Animal Jam game as an online playground for kids who love animals and the natural world. Available on iOS and Android mobile devices in addition to Mac and PC computers, the game features world building and multiplayer games in a closely moderated social play space and offers a wealth of free STEAM-oriented educational content that players can access in the app and through the AJ Academy website. Following the Nazara acquisition, WildWorks plans to localize the existing Animal Jam apps for new territories and develop new apps and interactive experiences with the brand.
Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.
Nazara Technologies informs about press release
Publish Date: 30/08/2022
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, Nazara Technologies has informed that it enclosed the Press Release dated August 30, 2022 titled ‘Nazara Announces Acquisition of WildWorks’.
The above information is a part of company’s filings submitted to BSE.
Nazara Technologies informs about analyst meet intimation
Publish Date: 03/11/2022
Nazara Technologies has informed about schedule of Analyst / Institutional Investor meeting under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations 2015.
The above information is a part of company’s filings submitted to BSE.
Nazara Technologies informs about analyst meet
Publish Date: 09/11/2022
Pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations 2015 (Listing Regulations), Nazara Technologies has informed that it enclosed details about the Analyst or Institutional Investor Meeting(s) with the Company to be held on November 11, 2022.
The above information is a part of company’s filings submitted to BSE.
Nazara Technologies informs about analyst meet
Publish Date: 16/11/2022
Nazara Technologies has informed that the Schedule of Analyst or Institutional Investor Meeting(s) with the Company held on November 16, 2022 is enclosed. Further informed that the copy of Presentation for ‘Q2FY23’ has been uploaded on stock exchange (https://www.bseindia.com/xml-data/corpfiling/AttachLive/d2a94fc5-f66a-4a91-9415- 0bea3be2c36e.pdf),(https://archives.nseindia.com/corporate/NAZARA_20102022184857_Intimation ofInvestorPresentation_Q2.pdf) and the Company website (https://www.nazara.com/wpcontent/uploads/2022/10/Intimation-of-Investor-Presentation_Q2.pdf) for information of members / participants and public at large.
The above information is a part of company’s filings submitted to BSE.
Nazara Technologies informs about analyst meet
Publish Date: 30/11/2022
Pursuant to the Regulation 30 of Listing Regulations, Nazara Technologies has informed that it attached the schedule of Analyst or Institutional Investor Meeting(s). The copy of Presentation for ‘Q2FY23’ has been uploaded on stock exchange and the Company website.
The above information is a part of company’s filings submitted to BSE.
Nazara Technologies informs about acquisition
Publish Date: 27/12/2022
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 ('Listing Regulations') - Nazara Technologies has informed about Update on Acquisition of equity shares of Datawrkz Business Solutions.
The above information is a part of company’s filings submitted to BSE.
Nazara Technologies informs about board meeting intimation
Publish Date: 18/01/2023
Nazara Technologies has informed that the meeting of the Board of Directors of the Company is scheduled on 24/01/2023, to consider and approve the Unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter and nine months ended December 31, 2022.
The above information is a part of company’s filings submitted to BSE.
Nazara Technologies informs about analyst meet intimation
Publish Date: 18/01/2023
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Nazara Technologies has informed that the Company has scheduled an earnings call with the Analysts/ Investors on Wednesday, 25 January, 2023 at 09:30 AM IST to discuss the financial results for the quarter and nine month ended December 31, 2022 (Q3& 9MFY2023 Results). It has enclosed the earnings call invite for the same.
The above information is a part of company’s filings submitted to BSE.
Nazara Technologies shines on reporting 31% rise in Q3 consolidated net profit
Publish Date: 25/01/2023
Total consolidated income of the company increased 71.92% at Rs 326.30 crore for Q3FY23
Nazara Technologies is currently trading at Rs. 635.90, up by 24.60 points or 4.02% from its previous closing of Rs. 611.30 on the BSE.
The scrip opened at Rs. 625.20 and has touched a high and low of Rs. 651.00 and Rs. 624.70 respectively. So far 81789 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 1187.98 on 25-Jan-2022 and a 52 week low of Rs. 484.00 on 22-Jun-2022.
Last one week high and low of the scrip stood at Rs. 651.00 and Rs. 573.25 respectively. The current market cap of the company is Rs. 4190.81 crore.
The promoters holding in the company stood at 19.14%, while Institutions and Non-Institutions held 16.46% and 64.41% respectively.
Nazara Technologies has reported results for third quarter ended December 31, 2022 (Q3FY23).
The company has reported net profit at Rs 2.20 crore for the quarter under review as compared to net loss of Rs 2.40 crore for the same quarter in the previous year. Total income of the company increased 56.79% at Rs 12.70 crore for Q3FY23 as compared to Rs 8.10 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 30.99% in its net profit at Rs 22.40 crore for the quarter under review as compared to Rs 17.10 crore for the same quarter in the previous year. Total income of the company increased 71.92% at Rs 326.30 crore for Q3FY23 as compared to Rs 189.80 crore for the corresponding quarter previous year.
Nazara Technologies informs about updates
Publish Date: 25/01/2023
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, Nazara Technologies has informed that there is no deviation or variation in use of proceeds raised through preferential issue. A Nil statement of deviation duly reviewed by Audit Committee is attached herewith as Annexure A.
The above information is a part of company’s filings submitted to BSE.
Nazara Technologies informs about analyst meet
Publish Date: 20/02/2023
Nazara Technologies has informed that it enclosed schedule of Analyst / Institutional Investor meetings to be held on February 22, 2023 as under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations 2015 ('Listing Regulations').
The above information is a part of company’s filings submitted to BSE.
Nazara Technologies informs about institutional investor meeting
Publish Date: 21/02/2023
Pursuant to the Regulation 30 of Listing Regulations, Nazara Technologies has informed that the Company will interact with Analyst or Institutional Investor Meeting(s) ‘Bay Capital Investment Advisors on February 21, 2023 in the form of 1 x 1 Meeting. The copy of Presentation for ‘Q3FY23’ has been uploaded on stock exchange and the company website.
The above information is a part of company’s filings submitted to BSE.
Nazara Technologies soars after its arm makes initial investment in Sportskeeda
Publish Date: 06/03/2023
Sportskeeda Inc. is yet to commence its business operations
Nazara Technologies is currently trading at Rs. 525.85, up by 4.65 points or 0.89% from its previous closing of Rs. 521.20 on the BSE.
The scrip opened at Rs. 526.95 and has touched a high and low of Rs. 534.00 and Rs. 519.85 respectively. So far 76763 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 933.78 on 11-Mar-2022 and a 52 week low of Rs. 484.00 on 22-Jun-2022.
Last one week high and low of the scrip stood at Rs. 535.00 and Rs. 513.10 respectively. The current market cap of the company is Rs. 3478.77 crore.
The promoters holding in the company stood at 19.14%, while Institutions and Non-Institutions held 16.46% and 64.41% respectively.
Nazara Technologies’ material Subsidiary -- Absolute Sports (Absolute) has made initial investment in Sportskeeda Inc., an entity based in Delaware, United States, a wholly owned subsidiary of Absolute, by subscribing to initial capital contribution of 1,00,00,000 shares, for an amount aggregating to $1000 for cash at the rate of $0.0001 each. Sportskeeda Inc. is yet to commence its business operations.
Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.
Nazara Technologies informs about analyst meet
Publish Date: 15/03/2023
Pursuant to the Regulation 30 of Listing Regulations, Nazara Technologies has informed that details of Analyst or Institutional Investor Meeting(s) with the Company. Further informed that the copy of Presentation for ‘Q3FY23’ has been uploaded on stock exchange (https://www.bseindia.com/xml-data/corpfiling/AttachLive/4fcab095-f03d-4fe6-8426- c21643cc228d.pdf),(https://archives.nseindia.com/corporate/NAZARA_24012023181539_Q3FY23Inv estorPresentation.pdf) and the company website (https://www.nazara.com/wpcontent/uploads/2023/01/Q3FY23InvestorPresentation.pdf)
The above information is a part of company’s filings submitted to BSE.
Nazara Technologies informs about updates
Publish Date: 15/03/2023
In reference to intimation dated March 12, 2023 on its step-down subsidiaries Kiddopia Inc. and Mediawrkz Inc. holding cash balances at Silicon Valley Bank (SVB) cumulatively amounting for $7.75mn (INR 64 crores), Nazara Technologies has informed that both the companies i.e., Kiddopia Inc and Mediawrkz Inc have been given unrestricted access to the entire amount of $7.75mn (INR 64 crores) that was held at SVB. From this amount, a sum of $7.25mn (INR 60 crores) has been transferred to bank accounts outside of SVB and the balance amount of $0.5mn (INR 4 crores) remains in SVB accounts for unrestricted operational use.
The above information is a part of company’s filings submitted to BSE.
Nazara Technologies moves higher on the BSE
Publish Date: 23/03/2023
The company’s material subsidiary has signed definitive agreements to acquire 73.27% stake in Pro Football Network LLC
Nazara Technologies is currently trading at Rs. 514.40, up by 7.65 points or 1.51% from its previous closing of Rs. 506.75 on the BSE.
The scrip opened at Rs. 521.60 and has touched a high and low of Rs. 524.00 and Rs. 511.40 respectively. So far 31121 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 897.00 on 23-Mar-2022 and a 52 week low of Rs. 481.95 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 524.00 and Rs. 481.95 respectively. The current market cap of the company is Rs. 3421.86 crore.
The promoters holding in the company stood at 19.14%, while Institutions and Non-Institutions held 16.46% and 64.41% respectively.
Absolute Sports (Sportskeeda), a material subsidiary of Nazara Technologies, has signed definitive agreements, subject to closing conditions, to acquire a 73.27% stake in Pro Football Network LLC (PFN), a premier source of coverage and analysis of the NFL (United States’ most watched sport) and college football. This marks the first acquisition for Absolute Sports in the US Sports Media market as it looks to bolster its existing user base and offerings in the US.
The proposed investment is part of Sportskeeda growth strategy to strengthen the strategic position and presence of Sportskeeda in US digital sports media market. The proposed acquisition will help Sportskeeda in increasing its revenues in digital media space.
The acquisition is proposed by way of combination of both primary infusion in preferred stocks and secondary purchase of common stock from its existing stockholders and subsequent exchange of such common stock into preferred stock, which in aggregate represent up to 73.27% of the capital stock. Further, Sportskeeda Inc, reserves an option to acquire up to 10% and up to 8% additional stock of the Pro Football Network LLC in CY 2024 and CY 2025 respectively.
Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.
Board Meeting
Publish Date: 24/01/2023
Quarterly Results
Board Meeting
Publish Date: 20/10/2022
Quarterly Results
Ex Bonus
Publish Date: 24/06/2022
Bonus issue
Bonus Announcement
Publish Date: 24/06/2022
Bonus issue & Audited Results
Board Meeting
Publish Date: 13/05/2022
Bonus issue & Audited Results
Nazara Technologies planning to acquire WildWorks
Publish Date: 30/08/2022
Nazara will acquire 100% of the company and its IP from existing shareholders in an all-cash transaction
Nazara Technologies is planning to acquire leading U.S. children’s interactive entertainment company WildWorks. Nazara will acquire 100% of the company and its IP from existing shareholders in an all-cash transaction.
WildWorks describes its Animal Jam game as an online playground for kids who love animals and the natural world. Available on iOS and Android mobile devices in addition to Mac and PC computers, the game features world building and multiplayer games in a closely moderated social play space and offers a wealth of free STEAM-oriented educational content that players can access in the app and through the AJ Academy website. Following the Nazara acquisition, WildWorks plans to localize the existing Animal Jam apps for new territories and develop new apps and interactive experiences with the brand.
Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.
Nazara Technologies reports 31% rise in Q3 consolidated net profit
Publish Date: 25/01/2023
Total consolidated income of the company increased 71.92% at Rs 326.30 crore for Q3FY23
Nazara Technologies has reported results for third quarter ended December 31, 2022 (Q3FY23).
The company has reported net profit at Rs 2.20 crore for the quarter under review as compared to net loss of Rs 2.40 crore for the same quarter in the previous year. Total income of the company increased 56.79% at Rs 12.70 crore for Q3FY23 as compared to Rs 8.10 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 30.99% in its net profit at Rs 22.40 crore for the quarter under review as compared to Rs 17.10 crore for the same quarter in the previous year. Total income of the company increased 71.92% at Rs 326.30 crore for Q3FY23 as compared to Rs 189.80 crore for the corresponding quarter previous year.
Nazara Technologies’ arm makes initial investment in Sportskeeda
Publish Date: 06/03/2023
Sportskeeda Inc. is yet to commence its business operations
Nazara Technologies’ material Subsidiary -- Absolute Sports (Absolute) has made initial investment in Sportskeeda Inc., an entity based in Delaware, United States, a wholly owned subsidiary of Absolute, by subscribing to initial capital contribution of 1,00,00,000 shares, for an amount aggregating to $1000 for cash at the rate of $0.0001 each. Sportskeeda Inc. is yet to commence its business operations.
Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.
Nazara Technologies’ arms hold cash balances of Rs 64 crore at Silicon Valley Bank
Publish Date: 14/03/2023
The balances held at SVB by Kiddopia Inc. and Mediawrkz Inc cumulatively account for $7.75 million (around Rs 64 crore)
Nazara Technologies’ two step down subsidiaries -- Kiddopia Inc and Mediawrkz Inc are holding cash balances at Silicon Valley Bank (SVB), which is currently under the receivership of the Federal Deposit Insurance Corporation (FDIC). The balances held at SVB by Kiddopia Inc. and Mediawrkz Inc cumulatively account for $7.75 million (around Rs 64 crore).
Kiddopia Inc is a 100% subsidiary of Paper Boat Apps (owned 51.5% by Nazara) & Mediawrkz Inc is a 100% subsidiary of Datawrkz Business Solutions (owned 33% by Nazara).
Further, Nazara Group (Nazara Technologies and its subsidiaries) continues to maintain healthy reserves of cash and cash equivalents in excess of Rs 600 crore excluding the SVB impacted funds. The situation with SVB remains fluid and the company shall keep all the stakeholders and public at large updated on further developments.
Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.
Nazara Technologies’ arm to acquire 73.27% stake in Pro Football Network LLC
Publish Date: 23/03/2023
This marks the first acquisition for Absolute Sports in the US Sports Media market as it looks to bolster its existing user base and offerings in the US
Absolute Sports (Sportskeeda), a material subsidiary of Nazara Technologies, has signed definitive agreements, subject to closing conditions, to acquire a 73.27% stake in Pro Football Network LLC (PFN), a premier source of coverage and analysis of the NFL (United States’ most watched sport) and college football. This marks the first acquisition for Absolute Sports in the US Sports Media market as it looks to bolster its existing user base and offerings in the US.
The proposed investment is part of Sportskeeda growth strategy to strengthen the strategic position and presence of Sportskeeda in US digital sports media market. The proposed acquisition will help Sportskeeda in increasing its revenues in digital media space.
The acquisition is proposed by way of combination of both primary infusion in preferred stocks and secondary purchase of common stock from its existing stockholders and subsequent exchange of such common stock into preferred stock, which in aggregate represent up to 73.27% of the capital stock. Further, Sportskeeda Inc, reserves an option to acquire up to 10% and up to 8% additional stock of the Pro Football Network LLC in CY 2024 and CY 2025 respectively.
Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.
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