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.
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.
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.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.