Aakhir Revenue Kyun Gira? Aur Profit Kaise Bhaga?
Dekho, Q3 mein ₹406 crore ka revenue 24.1% kam hua hai mainly NODWIN Esports ke deconsolidation ke karan. Yeh ek structural change hai. Lekin company ne apna focus high-margin, IP-based gaming par shift kiya hai, jiske kaaran EBITDA 29.4% badhkar ₹67.8 crore ho gaya hai. Is move se EBITDA margins 16.7% tak pahunch gaye hain.
9 Mahine Ka Performance Dekho!
Agar hum 9 mahine ki baat karein, toh Nazara ka performance bohot strong raha hai. Revenue 29.7% badhkar ₹1,431.2 crore ho gaya, aur EBITDA toh 73% chha gaya, ₹177.2 crore par pahunch gaya. EBITDA margins bhi 12.4% tak aaye hain.
Kahan Se Aa Rahi Hai Growth?
- Gaming Segment: Iska toh kamaal hi hai! Q3 mein revenue 66% badhkar ₹257 crore ho gaya, aur EBITDA 87% jump karke ₹64.2 crore ho gaya. Margin 25% hai. 9 months mein toh revenue 119% aur EBITDA 172% badha hai!
- Mobile Gaming: Yahan bhi acha chal raha hai, Q3 revenue 48% badha hai.
- Adtech: Revenue 22% gira, but EBITDA 26% badha. Matlb, company low-margin services se hatkar high-margin tech offerings pe focus kar rahi hai.
Kahan Hai Thoda Dikkatt?
Ek toh NODWIN Esports ko hatane se revenue mein kami dikh rahi hai. Dusra, Moonshine (PokerBaazi) mein ₹30 crore ka operating loss hua hai, jisne NODWIN se mile profit share ko offset kar diya. Aur haan, Sportskeeda ka traffic Google algorithm update ke karan thoda kam ho gaya hai, jiske liye cost adjustments kiye ja rahe hain.
Future Ka Plan Kya Hai?
Nazara ek global gaming company banna chahti hai, jo scalable IP aur franchises par based ho. Woh AI integrate kar rahe hain aur strategic acquisitions (M&A) bhi dekh rahe hain. Company ke paas ₹700 crore ki acchi khaasi net cash position hai, jise growth aur acquisitions ke liye use kiya jayega. Fusebox games (jisme Big Boss jaisi shows hain), Kiddopia, Curve ke naye PC/console games, aur WildWorks ke upcoming games se future growth ki umeed hai.
Risks toh hain, jaise execution, new ventures ko integrate karna, aur Google updates jaisi external cheezein. Dekhte hain company kaise apni strategy follow karti hai.