Zynga ZNGA was reported Q2 2019 financial results yeaterday (on July 31).
Zynga management also hosted a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Wednesday, July 31, to discuss the company’s results.
Like the first quarter, Q2 topline performance is estimated to be driven by mobile live services, anchored by the company’s five forever franchises (CSR Racing, Empires & Puzzles, Merge Dragons!, Words With Friends and Zynga Poker). Growth in bookings is expected to be primarily driven by full quarter contributions from Small Giant Games and Gram Games as well as strength in Words with Friends and CSR2.
Zynga delivered revenue of $217 million in the second quarter of 2018. To put it another way, it beat is internal revenue guidance for the quarter by $9.0 million. The company posted a loss of $0.9 million in the quarter. Similarly, it beat its internal loss guidance by $14.1 million.
Zynga’s average daily active users (DAUs) were 22 million in first-quarter 2019, down 1 million year over year. Additionally, the company’s average monthly active users (MAUs) were 72 million, down 10 million year over year.
The consensus EPS Estimate is $0.05 and the consensus Revenue Estimate is $293.18M (+25.3% Y/Y). Over the last 2 years, Zynga has beaten EPS estimates 0% of the time and has beaten revenue estimates 100% of the time. Over the last 3 months, EPS estimates have seen 7 upward revisions and 2 downward. Revenue estimates have seen 7 upward revisions and 2 downward.
Zynga is a global leader in interactive entertainment with a mission to connect the world through games. To date, more than one billion people have played Zynga’s franchises including CSR Racing™, Empires & Puzzles™, Merge Dragons!™, Words With Friends™ and Zynga Poker™. Zynga’s games are available in more than 150 countries and are playable across social platforms and mobile devices worldwide. Founded in 2007, the company is headquartered in San Francisco with locations in the U.S., Canada, U.K., Ireland, India, Turkey and Finland.
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