The increase in profitability is mostly due to strong success in the esports sector, despite a decline in gaming revenues and persistent losses in the ad-tech business
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Absolute Sports trying to deepen its presence in the gaming and esports media publishing sector in the US region
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NODWIN Pte will initially increase its existing stake in Freaks 4U Gaming to 57 per cent and the remaining 43 per cent held by the founders Michael Haenisch, Matthias Remmert and Jens Enders will be swapped at a later time at its option
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However, for the entire year 2024, revenue grew by 4.3 per cent to Rs 1,138.3 crore, compared to Rs 1,091.0 crore in FY23. PAT (from continuing operations) increased by 41.2 per cent to Rs 89.5 crore in FY24 as against Rs 63.4 crore in FY23
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