Nazara Technologies Limited, a gaming and sports media firm, experienced a modest revenue growth of 4.3% in the fiscal year ending March 2024. Despite this, a significant 62% rise in non-operating income contributed to a notable improvement in the company’s net earnings. According to its consolidated financial statements filed with the National Stock Exchange, Nazara’s operational revenue climbed by 4.3%, reaching Rs 1,138 crore in FY24, up from Rs 1,091 crore in FY23.
The firm’s revenue dropped sequentially by 17%, falling to Rs 266 crore in Q4 FY24 from Rs 320 crore in Q3 FY24. E-sports income accounted for 55.5% of total operating revenue, rising 19% to Rs 632 crore in FY24. Meanwhile, revenue from gaming and adtech reached Rs 406 crore and Rs 100 crore, respectively.