Apparently they're not including new releases such as Draw Something 2 in their guidance. Therefore the dismal guidance is just for the current games they have and not for the games that are released during the quarter. Draw Something 2 will be globally launched tonight, so you can track that to see how the revenue outlook will really be
A drop in the number of people playing Zynga games does not worry me, as long as the number of paying players increases. If you think about it, lot of people living in Banana Republic countries are playing free games, but they cannot afford to spend 2-3 dollars per month on games, buying credits, lives, fake money, make belief gifts.
So as long as the number of paying players increases, and if the online gaming revenue stream is marginally decent, I predict a good future for Zynga.
With all this drop in pps, I am still well in the money, so I will hold for another 2-3 quarters. We will talk in 6 to 9 months
Add to that, the growth of online gaming, which has to be difficult to predict. I also believe ZNGA has other announcements to make during the next three months. We are just getting started. Looking for good things from DS2, sweaterpup.
Huh? What are you talking about arbour? Unlike you I'm actually contributing information to this board. Instead of your childish I told you so rants, I was actually listening to the conference call and just writing what was being said. It's called information and facts - you should try looking those words up in the dictionary. And FYI you do realize that the price is only down 12 cents from today's open right? It's pretty pathetic that you're throwing around I told you so rants and acting like your a big time investor because the stock is down less that 3 per cent. But hey enjoy your 3 per cent "victory" - I'm pretty sure the people that bought under 3 dollars are still laughing their #$%$ off at you.
Comic book guy, I thought you were going boating in the tub? Here's the difference between blowing smoke and actually doing; I'm going running with the dog. That means no more posts from me for the next few hours. Meanwhile, isn't it rush hour? Shouldn't you be out practicing crossing the street against the light??? Go on. Let's see how many times you can cross each minute in an hour. Make me proud comic book guy.