The fiscal year ended in March 2019 was a period of changes for Nazara Games where the company saw a shift in its customer base that consumes online games and media. The company generated operating revenues of Rs 167 crore in FY19, which dropped a mere 2% from Rs 170.54 in FY18. Breaking down revenues further, the company generated a majority of its revenues from subscription income and game downloads which decreased by 38% to Rs 94 crore in FY19 from Rs 151.7 crore in FY18. A big game-changer was the revenue generated through its esports events, which increased 13.7X from Rs 3.6 crore in FY18 to Rs 49.2 crore in FY19. Notably, Nazara had ventured in the prolific esports space through its acquisition of Nodwin Gaming. It helped the company cash in the growth of esports games in India driven by the success of PUBG Mobile and Fortnite. Income through freemium content also added Rs 24 crore to the company’s coffers, which grew by 58% from Rs 15.2 crore in FY19. Nazara managed t...
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