Shares of Nazara Technologies Ltd. gained the most since Jan. 12 after the company reported strong growth in third-quarter profit.
The diversified gaming and sports media platform reported upbeat profits across all business verticals in the third-quarter of fiscal 2023.
“The business continues to scale profitably, as has been our stated goal to deliver long-term compounding across our five key business verticals,” Chief Executive Officer Nitish Mittersain said in a press release.
“Our diversified business across multiple geographies allows us to have various levers of growth and mitigate industry headwinds affecting any one segment,” Mittersain said.