Zynga’s M&A activity that has seen it pick up studios behind titles such as Empires & Puzzles and Merge Dragons has helped the firm achieve its best-ever revenue and bookings for the Q2 financial period. For the quarter ending June 31st 2019, the Californian-based publisher increased revenue by 41 per cent year-on-year to $306 million. Bookings meanwhile grew by 61 per cent to $376 million. Overall, Zynga still saw a net loss of $56 million due to the acquisitions of Small Giant Games and Gram Games, though this was $14 million better than its guidance.
After EA Mobile boss Frank Gibeau took over the role of CEO in March 2016, the company has gone through nothing but an upward trajectory. An aggressive M&A approach has seen the company grow its portfolio to include Small Giant Games’ Empires & Puzzles, Gram Games’ Merge Dragons and Natural Motion’s CSR Racing 2. If you are in lack of Zynga Poker Chips, visit our site 5mmo.com, a reliable and cheap online in-game currency store.
In fact, Zynga makes it abundantly clear that in addition to organic growth, it envisions continued acquisitions powering part of its multi-year growth strategy. In that same letter, management commented on the possibility to “invest in emerging markets, technologies and platforms” as well as “opportunities to further enhance our growth through acquisitions.”
Looking ahead to Q3, Zynga anticipates $325 million in revenue, $380 million in bookings, and $250 million in net income, including a $305 million one-time gain on the sale of the company's San Francisco headquarters. And thanks to its better-than-expected performance, Zynga is raising its full-year guidance to $1.24 billion in revenue, up 37% year-over-year and up $40 million from the previous guidance. Bookings guidance is for $1.5 billion, up 55% year-over-year and 50 million above the original guidance.
Post je objavljen 09.09.2019. u 02:49 sati.