Buoyed by strong growth in its esports and early learning businesses in India and the US, Nazara Technologies aims to clock a revenue of Rs 450-470 crore this fiscal year, a top company executive said.
Nazara Technologies CEO Manish Agarwal said the company has been delivering on its stated strategy to grow and dominate in e-sports, virtual sports, and early learning verticals. He added that the company has become India’s largest non-real money gaming company with global distribution pipelines.
“We are aggressively expanding coverage and building capacity of our distribution network across new-age sports fans in emerging markets and early learner’s segment in developed markets, targeting higher revenue generation from demographic segments like digital natives,” he said.
This will be done by offering an enhanced interactive experience, whilst also improving cash flows through strong unit economics, he added.
He noted that the company has seen its network grow from 50 million monthly active users (MAUs) to 100 million MAUs, and expects this to further grow to 130 million by the end of this fiscal.
The COVID-19 pandemic saw lockdowns being imposed across various parts of the world. While most businesses saw their operations being disrupted, sectors like edtech, gaming, and content streaming services have seen massive growth, both in usage and new user addition.