Zynga quarterly performance improves

News on 4 Aug 2017

San Francisco-based games developer Zynga appears to have emerged from its recent doldrums, reporting a vibrant Q2-2017 performance that includes best quarterly in the past four years, and continued record breaking numbers from mobile revenues.

* Overall revenues up 15 percent y-o-y at $209.2 million and comfortably ahead of predictions;

* Mobile revenue rose 30 percent, and sales 33 percent, accounting for 86 percent of Zynga revenues during the quarter;

* Net income overall came in at $5.1 million, a dramatic reversal of last year’s $4.4 million loss, with overall sales up 20 percent at $209.2 million;

* Group EBITDA up 61 percent year-on-year at $29.9 million;

CEO Frank Gibeau applauded the improvements, especially in mobile, revealing that Zynga’s mobile audience has grown 28 percent year-on-year this quarterand is now at 19 million daily average users.

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