May 31, 2016 4:38 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, North America, Asia, and the European Union. 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,...

699 Eighth Street

San Francisco, CA 94103

United States

Founded in 2007

1,669 Employees

Phone:

855-449-9642

Key Executives for Zynga, Inc.

Founder, Executive Chairman and Member of Product Committee
Age: 49
Total Annual Compensation: $1.0
Interim Chief Financial Officer, Chief Accounting Officer, Vice President and Corporate Controller
Age: 48
Total Annual Compensation: $227.8K
Senior Vice President, General Counsel and Secretary
Age: 43
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2015.

Zynga, Inc. Key Developments

Zynga, Inc. Announces Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2016; Provides Earnings Guidance for the Second Quarter of 2016

Zynga, Inc. announced unaudited consolidated earnings and operating results for the first quarter ended March 31, 2016. For the quarter, the company reported total revenue was $186.72 million against $183.29 million a year ago. Loss from operations was $26.88 million against $54.07 million a year ago. Loss before income taxes was $24.08 million against $44.92 million a year ago. Net loss was $26.56 million against $46.5 million a year ago. Diluted loss per share was $0.03 against $0.05 a year ago. Net cash used in operating activities was $3.305 million against $47.002 million a year ago. Acquisition of property and equipment was $2.65 million against $2.112 million a year ago. Adjusted EBITDA was $10.94 million against $2.09 million a year ago. Non-GAAP net income was $1.55 million against loss of $6.713 million a year ago. Non-GAAP diluted earnings per share were $0.0 against loss of $0.01 a year ago. Net cash used in operating activities was $3.3 million against $47 million a year ago. Acquisition of property and equipment was $2.65 million against $2.112 million a year ago. There were 3 key factors that drove the outperformance. First, in live game services, teams executed well with core mobile franchises driving performance in the quarter. Bookings are up 54% from last year and up 5% sequentially. Second, mobile momentum continued with mobile bookings now representing 76% of total bookings and mobile audience up 7% sequentially. Third, disciplined cost control remains a focus. This past quarter, gross margins benefited from migration to AWS, and operating margins were further boosted, as operating expenses decreased as a percentage of bookings. For the quarter, the company reported average daily active users was 19 against 25 a year ago. Average monthly active user was 68 against 100 a year ago. Average daily bookings per average DAU was $0.103 against $0.076 a year ago. Average monthly unique users was 56 against 71 a year ago. Average monthly unique payers was 1.0 against 1.1 a year ago. For the second quarter of 2016, the company expected revenue in a range of $170,000,000 - $180,000,000; net loss in a range of $26,000,000 - $20,000,000; interest loss of $1,000,000, depreciation and amortization of $11,000,000, Adjusted EBITDA in a range of $0 - $5,000,000, non-GAAP net loss in a range of $5,000,000 - $2,000,000, net loss per share in a range of $0.03 - $0.02, and non-GAAP loss per share in a range of $0.01 - $0.00. The sequential decline in EBITDA is expected to be driven by the decrease in bookings as planning to hold non-GAAP operating expenses roughly flat.

Zynga, Inc. to Report Q1, 2016 Results on May 04, 2016

Zynga, Inc. announced that they will report Q1, 2016 results at 4:00 PM, US Eastern Standard Time on May 04, 2016

Zynga, Inc., Q1 2016 Earnings Call, May 04, 2016

Zynga, Inc., Q1 2016 Earnings Call, May 04, 2016

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