Advertisement
U.S. markets close in 4 hours 37 minutes
  • S&P 500

    5,254.51
    +6.02 (+0.11%)
     
  • Dow 30

    39,754.06
    -6.02 (-0.02%)
     
  • Nasdaq

    16,402.74
    +3.22 (+0.02%)
     
  • Russell 2000

    2,126.26
    +11.91 (+0.56%)
     
  • Crude Oil

    82.53
    +1.18 (+1.45%)
     
  • Gold

    2,233.30
    +20.60 (+0.93%)
     
  • Silver

    24.96
    +0.21 (+0.84%)
     
  • EUR/USD

    1.0804
    -0.0026 (-0.24%)
     
  • 10-Yr Bond

    4.1930
    -0.0030 (-0.07%)
     
  • GBP/USD

    1.2636
    -0.0002 (-0.02%)
     
  • USD/JPY

    151.2240
    -0.0220 (-0.01%)
     
  • Bitcoin USD

    71,217.90
    +1,887.71 (+2.72%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,973.75
    +41.77 (+0.53%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Zynga Inc (ZNGA) Q4 Mobile Revenue Up 90% Y2Y

Zynga Inc (NASDAQ:ZNGA) posted impressive fourth-quarter results as its mobile games have continued to rise in popularity.

Zynga Inc (ZNGA)
Zynga Inc (ZNGA)

The company posted revenue of $233.3 million for the period, a 22% increase compared to the year-ago quarter, marking its best quarterly performance in five years. Adjusted earnings came in at a penny per share, in line with analysts’ expectations.

One of Zynga’s best assets during the period was Words With Friends 2, which gave the franchise a 90% hike in its CSR2 mobile revenue compared to the year-ago quarter. The mobile revenue from Zynga Poker also rose 44% year-over-year, and the company’s mobile revenue and bookings increased the most they have in its eight years.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

The company unveiled bookings of $223.8 million for the three months ended Dec. 31, topping the $213.9 million projected by analysts polled by FactSet. The metric helps to indicate future revenue and sales of virtual goods.

Overall, mobile revenue was up 32% year-over-year for Zynga, while mobile bookings surged 18% compared to the year-ago quarter. Its average monthly active users during the period were 86 million, up 37% from 63 million in the year-ago quarter.

Zynga’s total average daily active users rose from 18 million to 22 million year-over-year, while its average daily bookings per average were 11.3 cents, down from the year-ago figure of 12 cents. Payer conversion surged to 2.4% from 2.2%, marking a 9% gain.

ZNGA shares edged 0.8% after the company reported on its quarter Wednesday.

More From InvestorPlace

Compare Brokers

The post Zynga Inc (ZNGA) Q4 Mobile Revenue Up 90% Y2Y appeared first on InvestorPlace.

Advertisement