A23’s Scale and Profits Decrease in FY22

  • Real money and daily fantasy gaming companies experienced rapid growth in FY21 due to the pandemic.
  • However, their profits (except Gameskraft’s) decreased in the fiscal year ending March 2022.
  • Data compiled by Fintrackr shows that Dream11 and Gameberry saw a decline in their profits while Games24X7 slipped into losses in FY22.
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