Nazara Tech Q1 Review - KPIs Stabilise In Kiddopia; Concerns Subside: Prabhudas Lilladher

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Nazara Technologies Ltd. reported decent set of numbers with a topline beat of 7.9% and an Ebitda margin of 13.5% which was partially impacted by continued investments to fund growth initiatives of Nodwin. Nonetheless, key highlight was stabilisation in unit economics (lifetime value/ consumer acquisition cost of two times) of Kiddopia after taking a price hike of 13% in June. We believe further headroom exists as Kiddopia’s monthly subscription plan of $8.99 is still at a discount to other players. Further, even on Esports front performance was encouraging with 11.7% sequential growth in top-line despite seasonality effect (typically more events accrue in H2). However, scaling in Freemium business remains sub-par while real money gaming segment is under the web of regulatory uncertainty restricting further investments, albeit temporarily..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Nazara Tech Q1 Review - KPIs Stabilise In Kiddopia; Concerns Subside: Prabhudas Lilladher

Nazara Tech Q1 Review - KPIs Stabilise In Kiddopia; Concerns Subside: Prabhudas Lilladher

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