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ponedjeljak, 09.09.2019.

Zynga was raising its 2019 forecast for revenue and bookings

Zynga Inc on Wednesday forecast bookings well above Wall Street expectations after beating first-quarter estimates, powered by demand for its games such as “CSR Racing 2”, as well as acquired franchises like “Empires & Puzzles”. The company, once known for its Facebook-based desktop games such as “Farmville”, has been focusing on mobile-centric games and on acquisitions of smaller studios such as Gram Games, Small Giant Games and the card and board games studio of Peak Games to power growth.

Zynga also said it was raising its 2019 forecast for revenue and bookings, also bolstered by a strong slate for the second half of the year with games such as “Harry Potter” and “Game of Thrones”. Analysts had expected revenues of $240 million and bookings of $359 million, with earnings per share of 5 cents. Zynga blew past the revenue and bookings numbers. But the company had to pay a big bonus to the acquired companies, Gram Games and Small Giant Games, that pushed it into a deeper loss than previously expected. If you want to Buy Facebook Zynga Poker Chips, I think 5mmo.com is your best choice, after all, the site has been officially certified,so it's very safe.

However, Zynga also posted a net loss of $129 million, a significant increase from its prior guidance of $59 million. During a call with investors on Wednesday, Zynga CEO Frank Gibeau touted the emergence of 5G networks, saying it will "enable higher performance games and new innovative forms of distribution," while the increase of cross-platform play across devices will also expand Zynga’s audience.

Looking ahead to Q2, Zynga is forecasting revenue of $280m and a net loss of $70m, in part due to an additional $80m in that pesky deferred revenue. Zynga is also toying with the idea of introducing subscription services that would deliver extra content for some of its games. President of publishing Bernard Kim told Variety that Zynga would likely trial the concept with one of its ‘forever franchises’ like Words with Friends.

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