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Free Research Report as Zynga’s Subscriber Base Growth Boosted Q3 Results

LONDON, UK / ACCESSWIRE / December 21, 2017 / Active-Investors.com has just released a free earnings report on Zynga Inc. (NASDAQ: ZNGA). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ZNGA . The Company posted its financial results on November 07, 2017, for the third quarter of the fiscal year 2017. The San Francisco, California-based Company’s revenues rose 23% y-o-y, while its booking grew 9% during the reported quarter. Register today and get access to over 1000 Free Research Reports by joining our site below:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Zynga most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

During Q3 FY17, Zynga reported total revenues of $224.60 million, which came in above the $182.42 million recorded at the end of Q3 FY16. The Company’s quarterly total revenue numbers topped Wall Street’s expectations of $209.8 million. Furthermore, online game revenue rose to $175.25 million in Q3 FY17 from $134.25 million in Q3 FY16. The Company’s advertising and other revenues grew to $49.34 million in Q3 FY17 from $48.17 million in Q3 FY16.

The developer of ‘FarmVille’ and other online games reported a net income of $18.09 million, or $0.02 per diluted common share, in Q3 FY17 versus a net loss of $41.74 million, or $0.05 per diluted common share, in the prior year’s same quarter; The reported earnings per share (EPS) was in-line with market analysts’ expectations of $0.02 per diluted share.

Operating Metrics

For Q3 FY17, Zynga’s cost of revenue was $65.91 million compared to $62.68 million in Q3 FY16. The Company spent $60.97 million on research and development (R&D) in Q3 FY17, lower than the $73.91 million recorded in Q3 FY16. The Company’s sales and marketing (S&M) costs increased to $53.94 million in Q3 FY17 from $49.80 million in Q3 FY16. Furthermore, Zynga’s general and administrative (G&A) expenses were $23.83 million in Q3 FY17 versus $21.66 million in the last year’s comparable quarter.

Zynga reported income from operations of $19.95 million in Q3 FY17 versus a loss from operations of $46.30 million in the year ago corresponding quarter. Moreover, the Company’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) came in at $44.59 million for the reported quarter compared to $3.58 million in Q3 FY16.

Segment Performance

During Q3 FY17, Zynga’s Mobile segment’s revenues came in at $194.39 million, up 33% from $145.91 million in the previous year’s same quarter. Mobile bookings were $186.54 million during Q3 FY17, up 15% from $162.32 million in Q3 FY16. Moreover, average mobile DAUs grew 19% to 19 million y-o-y in Q3 FY17.

The Company’s Advertising segment’s revenues were $46.35 million for the reported quarter compared to $47.00 million in Q3 FY16. Advertising bookings were $45.58 million during Q3 FY17 versus $48.59 million in Q3 FY16.

Cash Flow and Balance Sheet

During the three months ended September 30, 2017, Zynga generated $35.09 million of cash from operations versus $21.03 million in the previous year’s comparable period. Free cash flow increased to $32.35 million in Q3 FY17 from $18.36 million in Q3 FY16. Furthermore, the Company had cash and cash equivalents of $517.26 million as on September 30, 2017, versus $852.47 million as on December 31, 2016.

Stock Performance Snapshot

December 20, 2017 - At Wednesday’s closing bell, Zynga’s stock slightly dropped 0.25%, ending the trading session at $3.96.

Volume traded for the day: 4.47 million shares.

Stock performance in the last three-month – up 2.33%; previous six-month period – up 9.39%; past twelve-month period – up 47.21%; and year-to-date – up 54.09%

After yesterday’s close, Zynga’s market cap was at $3.41 billion.

The stock is part of the Technology sector, categorized under the Multimedia & Graphics Software industry.


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