Zynga Inc Cl A Misses
Zynga Inc Cl A (ZNGA) reported a 1st Quarter March 2019 loss of $0.12 per share on revenue of $265.4 million. The consensus earnings estimate was $0.05 per share on revenue of $327.1 million. The Earnings Whisper number was $0.05 per share. Revenue grew 27.5% on a year-over-year basis.
The company said in its earnings slides it expects second quarter revenue of approximately $280.0 million. The current consensus revenue estimate is $326.7 million for the quarter ending June 30, 2019. The company also said it now expects 2019 revenue of approximately $1.20 billion. The company's previous guidance was revenue of approximately $1.15 billion and the current consensus estimate is revenue of $1.36 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 First Quarter 2019 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)-- Zynga Inc. (Nasdaq: ZNGA) today released its financial results for its first quarter ended March 31, 2019 by posting management’s Q1 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/20190501005859/en/
Zynga management will also host a conference call at 2:00 p.m. Pacific Time (5:00 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: 2073894
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.
To download Zynga’s B-roll footage and key art for its games, please visit: https://bit.ly/2IOcaej
View source version on businesswire.com: https://www.businesswire.com/news/home/20190501005859/en/
Source: Zynga Inc.