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Last $2.42 USD
Change Today -0.01 / -0.41%
Volume 12.7M
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

zynga inc - cl a (ZNGA) Key Developments

Zynga Settles Shareholder Lawsuit for $23 Million

Zynga has ended litigation which accused the 'FarmVille' creators of defrauding shareholders about its business prospects pre and post IPO in 2011. The company announced that it reached the settlement in lieu of $23 million, which was reached through mediation. The company said that the incident would not affect the company financially as its insurers would fund the entire payout. The lawsuit was led by shareholder David Fee who accused the gaming company of hiding declining user activity, and the impact of changes in Facebook's platform on its games. The company was also accused of inflating its 2012 revenue forecast.

Zynga, Inc. Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015

Zynga, Inc. announced unaudited consolidated earnings and operating results for the second quarter and six months June 30, 2015. For the quarter, the company reported total revenue of $199,918,000 against $153,232,000 a year ago. Loss from operations was $27,681,000 against $66,217,000 a year ago. Loss before income taxes was $25,877,000 against $64,545,000 a year ago. Net loss was $26,868,000 or $0.03 per basic and diluted share against $62,533,000 or $0.07 per basic and diluted share a year ago. Net cash provided by operating activities was $4,202,000 against $17,806,000 a year ago. Acquisition of property and equipment was $3,127,000 against $3,415,000 a year ago. Adjusted EBITDA was $963,000 against $14,491,000 a year ago. Non-GAAP net loss was $7,578,000 or $0.01 per diluted share against non-GAAP net income of $2,808,000 or $0.00 per diluted share a year ago. Free cash flow was $1,075,000 against $13,955,000 a year ago. For the six months, the company reported total revenue of $383,211,000 against $321,252,000 a year ago. Loss from operations was $81,750,000 against $136,474,000 a year ago. Loss before income taxes was $70,793,000 against $132,807,000 a year ago. Net loss was $73,364,000 or $0.08 per basic and diluted share against $123,716,000 or $0.14 per basic and diluted share a year ago. Net cash flow used in operating activities was $42,800,000 against $6,440,000 a year ago. Acquisition of property and equipment was $5,239,000 against $4,649,000 a year ago. Adjusted EBITDA was $3,056,000 against $28,337,000 a year ago. Non-GAAP net loss was $14,291,000 or $0.02 per diluted share against $3,450,000 or $0.00 per diluted share a year ago. Negative free cash flow was $48,039,000 against $11,089,000 a year ago. For the second quarter, the company's average daily bookings per average DAU (ABPU) increased from $0.071 in the second quarter of 2014 to $0.091 in the second quarter of 2015, up 29% year-over-year. Average monthly unique payers (MUPs) were 1.0 million, compared to 1.4 million a year ago. Average daily active users (DAUs) were 21 million, compared to 27 million a year ago. Web DAUs and Mobile DAUs were 4 million and 17 million in the second quarter of 2015, respectively. Average monthly active users (MAUs) were 83 million, compared to 121 million a year ago. Web MAUs and Mobile MAUs were 19 million and 64 million in the second quarter of 2015, respectively. Average monthly unique users (MUUs) were 62 million compared to 82 million a year ago. For the third quarter of 2014, the company expects revenue to be in the range of $175 million to $190 million, net loss to be in the range of $31 million to $23 million, adjusted EBITDA is projected to be in the range of $17 million to $7 million, non-GAAP net loss projected to be in the range of $20 million to $12 million, net loss per share to be $0.03, non-GAAP net loss per share is projected to be in the range of $0.02 to $0.01.

Zynga, Inc. to Report Q2, 2015 Results on Aug 06, 2015

Zynga, Inc. announced that they will report Q2, 2015 results at 4:00 PM, US Eastern Standard Time on Aug 06, 2015

Zynga, Inc., Q2 2015 Earnings Call, Aug 06, 2015

Zynga, Inc., Q2 2015 Earnings Call, Aug 06, 2015

Zynga Inc. Enters into the First Amendment to its Amended and Restated Revolving Credit Agreement

Effective on July 1, 2015, Zynga Inc. entered into the first amendment to its amended and restated revolving credit agreement, dated as of the effective date, among the company, the lenders party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent. The first amendment amended the company's amended and restated revolving credit agreement, dated as of June 20, 2013, among the company, the lenders party thereto and the administrative agent. The first amendment modified the definition of change in control in the credit agreement so that directors appointed or approved by the incumbent directors in connection with an actual or threatened proxy contest will be treated as continuing directors for purposes of determining whether a change in control has occurred as a result of continuing directors ceasing to hold a majority of the seats on the board of directors. No other material terms of the credit agreement changed in connection with the first amendment.

 

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ZNGA

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Valuation ZNGA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.9x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.6x
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