- Zynga (ZNGA) has released its Q4 report a week ahead of schedule. The company had Q4 bookings of $146.7M (-44% Y/Y), and EPS of -$0.03. That beats a consensus of $141.1M and -$0.03.
- Zynga also announces it's buying leading mobile game developer NaturalMotion (responsible for hit titles such as CSR Racing and Clumsy Ninja) for $527M - $391M in cash and 39.8M shares.
- Also: Zynga is cutting another 314 jobs (15% of its workforce). It expects to record pre-tax charges of $15M-$17M, and achieve $33M-$35M in annual cost savings.
- Zynga expects Q1 bookings of $138M-$148M and EPS of -$0.01 vs. a consensus of $145.6M and -$0.02. It expects 2014 bookings (boosted by NautralMotion) of $760M-$810M and EPS of $0.01-$0.03 vs. a consensus of $629.1M and -$0.04.
- Shares remain halted.
at Nasdaq.com (Nov 17, 2014)