July 26, 2017 3:37 PM ET

Software

Company Overview of Zynga Inc.

Company Overview

Zynga Inc. develops, markets, and operates social games as live services played on the Internet, social networking sites, and mobile platforms in the United States and internationally. It offers its online social games primarily under the Slots, Words With Friends, Zynga Poker, and FarmVille franchises. The company’s games are accessible on mobile platforms, Facebook, and other social networks, as well as Zynga.com. It also provides advertising services to advertising agencies and brokers. The company was formerly known as Zynga Game Network Inc. and changed its name to Zynga Inc. in November 2010. Zynga Inc. was founded in 2007 and is headquartered in San Francisco, California.

699 Eighth Street

San Francisco, CA 94103

United States

Founded in 2007

1,681 Employees

Phone:

855-449-9642

Key Executives for Zynga Inc.

Chief Executive Officer and Director
Age: 48
Total Annual Compensation: $1.6M
Founder and Executive Chairman
Age: 51
Total Annual Compensation: $1.0
Chief Financial Officer
Age: 50
Total Annual Compensation: $215.8K
Chief Operating Officer
Age: 50
Total Annual Compensation: $748.1K
President of Publishing
Age: 41
Total Annual Compensation: $553.2K
Compensation as of Fiscal Year 2016.

Zynga Inc. Key Developments

Mgm Television and Zynga Team Up to Develop New Game Show Based on the Iconic, Pop Culture Hit

MGM Television and Zynga announced a collaboration to develop a new television game show based on Words With Friends, the world's most popular mobile word game. The show will also incorporate aspects from Zynga larger portfolio of With Friends word and puzzle games. Since launching in 2009, Words With Friends has been installed more than 200 million times and is one of the App Stores Top 10 free games of all time. An estimated 55 million Words With Friends matches are played around the world at any given moment and more than 75 million words are played every day.

Zynga Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Second Quarter of 2017

Zynga Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported, total revenue of $194,284,000, loss from operations of $8,980,000, loss before income taxes of $6,607,000, net cash used in operating activities of $4,719,000, acquisition of property and equipment of $2,285,000, adjusted EBITDA of $16,675,000, compared to total revenue of $186,721,000, loss from operations of $26,883,000, loss before income taxes of $24,078,000, net cash used in operating activities of $3,305,000, acquisition of property and equipment of $2,654,000, adjusted EBITDA of $16,035,000, for the same period a year ago. Basic and diluted net loss per share attributable to common stockholders was $0.01 million against $0.03 million a year ago. The second quarter of 2017, the company expects to report revenue of $200 million, net loss of $6 million, adjusted EBITDA, which includes the impact of changes in deferred revenue, of $19 million and change in deferred revenue of $5 million. Gross margins should be comparable to those in first quarter.

Zynga Seeks Acquisitions

Zynga Inc. (NasdaqGS:ZNGA) is seeking tuck-in acquisition opportunities.

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