Zynga Inc. develops, markets, and operates online social games as live services played on the Internet, social networking sites, and mobile platforms in the United States, Asia, and Europe. The company offers its online social games under the FarmVille, Words With Friends, Zynga Poker, Hit It Rich! Slots, CSR Racing, FarmVille 2: Country Escape, NFL Showdown, New Zynga Poker, New Words With Friends, Wizard of Oz Slots, Looney Tunes Dash!, CSR Classics, and Clumsy Ninja names. Its games are accessible on Facebook and other social networks, mobile platforms, and Zynga.com. The company was formerly known as Zynga Game Network Inc. and changed its name to Zynga Inc. in November 2010. Zynga Inc. ...
699 Eighth Street
San Francisco, CA 94103
Founded in 2007
Zynga, Inc. Joins Forces with Rubicon Project for Exclusive Launch of Premium Programmatic Direct Advertising
Jan 5 16
Rubicon Project and Zynga announced that for the first time ever marketers will be able to access Zynga’s premium guaranteed and reserved inventory via programmatic buying. The relationship marks a first for Zynga as it makes its most premium guaranteed inventory, which was previously only available via manual sales channels, available to programmatic buyers globally through Rubicon Project’s Guaranteed Orders marketplace. The inventory includes highly sought after ad units that combine unique and compelling creative content, including gamified and native ads with deep first party data insights across the high value placements including first look, limited interruption and sponsorship placements coveted by buyers. Automated guaranteed allows buyers to access premium reserved publisher inventory in addition to unique high impact and custom publisher solutions such as sponsorships, rising stars, in-game and native placements. Rubicon Project’s Guaranteed Orders platform will streamline the purchase, execution and development of gaming experiences with minimal new creative assets required from the client or brand.
Zynga, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Fourth Quarter Ending December 2015
Nov 3 15
Zynga, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company's total revenue was $195,737,000 compared to $176,611,000 a year ago. Loss from operations was $9,180,000 compared to $59,329,000 a year ago. Loss before income taxes was $6,329,000 compared to $57,841,000 a year ago. Net income was $3,052,000 compared to net loss of $57,058,000 a year ago. The increase in net income was primarily due to lower costs and expenses (primarily headcount-related costs, third party consulting costs, depreciation and amortization expense and restructuring expense) as well as a tax benefit recorded in the third quarter of 2015 related to purchasing accounting associated with acquisition of Rising Tide Games. Diluted net income per share was $0.00 compared to loss per share of $0.06 a year ago. Net cash used in operating activities was $5,112,000 compared to $2,416,000 a year ago. Acquisition of property and equipment was $1,608,000 compared to $2,429,000 a year ago. Adjusted EBITDA was $12,415,000 compared to $2,163,000 a year ago. The increase in adjusted EBITDA was primarily due to lower headcount-related costs and third party consulting costs. Non-GAAP net income was $3,681,000 compared to net loss of $6,681,000 a year ago. The change in non-GAAP net income was primarily due to lower headcount-related costs, lower third party consulting costs and lower depreciation expense due to the consolidation of data center facilities. Diluted non-GAAP net income per share was $0.00 compared to loss per share of $0.01 a year ago.
For the nine months, the company's total revenue was $578,948,000 compared to $497,863,000 a year ago. Loss from operations was $90,930,000 compared to $195,803,000 a year ago. Loss before income taxes was $77,122,000 compared to $190,648,000 a year ago. Net loss was $70,312,000 compared to $180,774,000 a year ago. Diluted net loss per share was $0.08 compared to $0.21 a year ago. Net cash used in operating activities was $47,912,000 compared to $8,856,000 a year ago. Acquisition of property and equipment was $6,847,000 compared to $7,078,000 a year ago. Adjusted EBITDA was $15,471,000 compared to $30,500,000 a year ago. Non-GAAP net loss was $10,610,000 compared to $10,131,000 a year ago. Diluted non-GAAP net loss per share was $0.01 compared to $0.01 a year ago.
The company's outlook for the fourth quarter of 2015, revenue is projected to be in the range of $170 million to $185 million, net loss is projected to be in the range of $75 million to $53 million, net loss per share is projected to be in the range of $0.08 to $0.06 based on a share count projected to be approximately 933 million shares, adjusted EBITDA is projected to be in the range of negative $5 million to $5 million and non-GAAP net loss per share is projected to be in the range of $0.01 to $0.00, based on a share count projected to be approximately 933 million shares. The company also expects interest expense, net of $1,000,000 and depreciation and amortization of $12,000,000.
Zynga, Inc. Announces Executive Changes
Nov 3 15
Zynga, Inc. announced that David Lee is resigning as CFO effective immediately and departing the company on December 11, 2015. Until a new CFO is appointed, Michelle Quejado, Zynga's Chief Accounting Officer, will serve as interim CFO effective immediately. Prior to joining Zynga, Quejado held various financial roles at Lam Research Corporation between 1999 and 2015, most recently serving as its Assistant Corporate Controller.