Zynga Inc. (ZNGA – Snapshot Report) released their fourth quarter fiscal 2015 earnings results, posting earnings of $-0.02 and revenue of $182.1 million.
Currently, ZNGA has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.
Zynga:
Beat earnings estimates. The company posted $-0.02 per share, beating our Zacks Consensus Estimate of $-0.04. The company's EPS figure excludes $0.03 from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $182.1 million, beating our estimate of $177 million.
Core Live Mobile Franchises Grew Bookings 63% Year-Over-Year in 2015
“In terms of our financial scorecard, for 2015, we made good progress in our transition to mobile on a bookings level but, due to the lack of significant new releases, we saw an overall decline in our audience. While our total bookings grew 1%, our core live mobile franchises – Slots, Words With Friends and Poker – were up 63% and all of mobile grew 35%. We ended the year with mobile now representing 73% of total bookings up from 60% in Q4 2014. We saw our web business continue to decline with bookings down 32% and audience down 53%. Overall for the year, we managed to support a relatively large slate of new game development and user acquisition while remaining profitable,” said Mark Pincus, CEO and Founder of Zynga.
ZNGA was down $0.18, or 8.45%, to $1.95 as of 4:50 PM ET in after hours trading shortly after its earnings report was released.
Here's a graph that looks at Zynga's quarterly revenue and growth rate since 2010:
Zynga Inc. (ZNGA – Snapshot Report) Quarterly Revenue & Growth Rate | FindTheCompany
Zynga Inc. is the world's largest social game developer with users playing their games including CityVille, FarmVille, FrontierVille, Words With Friends, Mafia Wars, Zynga Poker, Cafe World, and Treasure Isle. Zynga Inc. games are available on a number of global platforms including Facebook, Yahoo, the iPad, the iphone, and android devices. They operate their games as live services, by which they mean that they continue to support and update games after launch and gather daily, metrics-based player feedback that enable them to continually enhance their games by adding new content and features. All of their games are free to play, and they generate revenue through the in-game sale of virtual goods and advertising. Zynga was founded in 2007 and is based in San Francisco, California.
