Zynga Inc. just released its Q2 2016 earnings results, posting earnings of -$0.03 per share and revenue of $182 million.
Currently, Zynga has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Zynga:
1. Met earnings estimates. The company posted earnings of -$0.03 per share (Excluding $0.02 from non-recurring items), meeting our Zacks Consensus Estimate of -$0.03.
2. Beat revenue estimates. The company saw revenue figures of $182 million, beating our estimate of $169.5 million.
3. “We are continuing to make great progress in our turnaround. Our Q2 bookings and Adjusted EBITDA were both above the high end of our guidance range, with bookings at $175 million and Adjusted EBITDA at $12 million. In Q2, we launched 4 new games, including the successful release of NaturalMotion's highly anticipated CSR2,” said CEO Frank Gibeau.
4. Zynga also saw a 7% sequential decline in mobile daily active users (DAU) largely driven by older games. On mobile, it now has 15 million DAU, which represents 82% of the company’s total DAU.”
5. ZNGA was down $0.27, or 9.09%, to $2.70 as of 4:46 p.m. EDT in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Zynga’s latest earnings performance:
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.
Check back later for our full analysis on Zynga’s latest quarterly earnings report!
If you want information on how to trade during earnings season, check out the Zacks Market Edge Podcast below.
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Zynga Inc. just released its Q2 2016 earnings results, posting earnings of -$0.03 per share and revenue of $182 million.
Currently, Zynga has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Zynga:
1. Met earnings estimates. The company posted earnings of -$0.03 per share (Excluding $0.02 from non-recurring items), meeting our Zacks Consensus Estimate of -$0.03.
2. Beat revenue estimates. The company saw revenue figures of $182 million, beating our estimate of $169.5 million.
3. “We are continuing to make great progress in our turnaround. Our Q2 bookings and Adjusted EBITDA were both above the high end of our guidance range, with bookings at $175 million and Adjusted EBITDA at $12 million. In Q2, we launched 4 new games, including the successful release of NaturalMotion's highly anticipated CSR2,” said CEO Frank Gibeau.
4. Zynga also saw a 7% sequential decline in mobile daily active users (DAU) largely driven by older games. On mobile, it now has 15 million DAU, which represents 82% of the company’s total DAU.”
5. ZNGA was down $0.27, or 9.09%, to $2.70 as of 4:46 p.m. EDT in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Zynga’s latest earnings performance:
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.
Check back later for our full analysis on Zynga’s latest quarterly earnings report!
If you want information on how to trade during earnings season, check out the Zacks Market Edge Podcast below.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>