ZNGA
$6.22
Zynga Inc Cl A
$.02
.32%
Earnings Details
3rd Quarter September 2019
Wednesday, October 30, 2019 4:05:00 PM
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Summary

Zynga Inc Cl A Misses

Zynga Inc Cl A (ZNGA) reported breakeven results for the 3rd Quarter September 2019 on revenue of $345.3 million. The consensus earnings estimate was $0.05 per share on revenue of $385.2 million. The Earnings Whisper number was $0.06 per share. Revenue grew 48.0% on a year-over-year basis.

The company said in its earnings slides it expects fourth quarter non-GAAP revenue of approximately $415.0 million. The current consensus revenue estimate is $390.1 million for the quarter ending December 31, 2019.

Zynga Inc provides social game services. The Company develops, markets and operates social games as live services played on mobile platforms such as iOS and Android and social networking sites such as Facebook.

Results
Reported Earnings
$0.00
Earnings Whisper
$0.06
Consensus Estimate
$0.05
Reported Revenue
$345.3 Mil
Revenue Estimate
$385.2 Mil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Zynga Announces Third Quarter 2019 Financial Results

Reports Highest Quarterly Revenue and Bookings in Zynga History

Generated Operating Cash Flow of $69 Million, up 67% year-over-year

Raises Full Year Outlook – One of the Fastest Growing Public Gaming Companies in 2019

SAN FRANCISCO--(BUSINESS WIRE)--Zynga Inc. (Nasdaq: ZNGA) today released its financial results for its third quarter ended September 30, 2019 by posting management’s Q3 2019 Quarterly Earnings Letter to its Investor Relations website. Please see the attached Quarterly Earnings Letter or visit http://investor.zynga.com/financial-information/quarterly-results to access the letter.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191030005158/en/

“In Q3, we achieved our best quarterly revenue and bookings in Zynga history. Our performance was driven by strong momentum across our live services, in particular record quarters from Empires & Puzzles and Merge Dragons!. Also, our recently launched titles, Game of Thrones® Slots Casino and Merge Magic!, are off to great starts. With our raised guidance, Zynga is one of the fastest growing public gaming companies in 2019,” said Frank Gibeau, Chief Executive Officer of Zynga.

Zynga management will also host a conference call at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) today to discuss the company’s results. Questions may be asked on the call and Zynga will respond to as many questions as possible.

The conference call can be accessed at http://investor.zynga.com – a replay of which will be available through the website after the call – or via the below conference dial-in number:

  • Toll-Free Dial-In Number: (800) 537-0745
  • International Dial-In Number: (253) 237-1142
  • Conference ID: 7568396

About Zynga Inc.

Zynga is a global leader in interactive entertainment with a mission to connect the world through games. To date, more than one billion people have played Zynga’s franchises including CSR Racing™, Empires & Puzzles™, Merge Dragons!™, Words With Friends™ and Zynga Poker™. Zynga’s games are available in more than 150 countries and are playable across social platforms and mobile devices worldwide. Founded in 2007, the company is headquartered in San Francisco with locations in the U.S., Canada, U.K., Ireland, India, Turkey and Finland. For more information, visit www.zynga.com or follow Zynga on Twitter and Facebook.

Editor’s Note

To download Zynga’s B-roll footage and key art for its games, please visit: https://bit.ly/2IOcaej

Investor Relations:
Rebecca Lau
Investors@zynga.com

Press:
Sarah Ross
Sarah@zynga.com

Source: Zynga Inc.