Zynga Inc Cl A Misses
Zynga Inc Cl A (ZNGA) reported 4th Quarter December 2018 earnings of $0.02 per share on revenue of $248.7 million. The consensus earnings estimate was $0.04 per share on revenue of $260.4 million. The Earnings Whisper number was $0.05 per share. Revenue grew 6.6% on a year-over-year basis.
The company said it expects first quarter revenue of approximately $240.0 million and 2019 revenue of approximately $1.15 billion. The current consensus estimate is revenue of $242.2 million for the quarter ending March 31, 2019 and revenue of $1.07 billion for the year 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.
Zynga Announces Fourth Quarter and Full Year 2018 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)-- Zynga Inc. (Nasdaq: ZNGA) today released its financial results for the fourth quarter and full year ended December 31, 2018 by posting management’s Q4 2018 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/20190206005709/en/
Zynga management will also host a Q&A session at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today to discuss the Company’s fourth quarter and full year 2018 performance. Questions may be asked on the call, and Zynga will respond to as many questions as possible.
The live Q&A session 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: 4876899
About Zynga Inc.
Since its founding in 2007, Zynga's mission has been to connect the world through games. To date, more than 1 billion people have played Zynga's games across web and mobile, including FarmVille, Zynga Poker, Words With Friends, Hit it Rich! Slots and CSR Racing. Zynga's games are available on a number of global platforms including Apple iOS, Google Android and Facebook. The company is headquartered in San Francisco, Calif., and has additional offices in the U.S., Canada, U.K., Ireland, India, Turkey and Finland. Learn more about Zynga at https://www.zynga.com or follow us on Twitter and Facebook.
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Carmen Pearson Argueta