Yes, I agree, it is a holding company.
Game studios and publishers abroad have a steady pipeline of games.
I wouldn’t hold Animal Jam against them, it was pandemic time and people flocked online. Now it’s back to work for everyone. My problem with Nazara is that it’s not strong in any one sector – games, publishing or another. There is no core anymore.
There is future potential but that potential right now lies with Korean and US gaming studios (Krafton, Mimecraft)
Disclosure – was invested in 2021, not since. Made a a good small profit then.