- Zynga (ZNGA) has slipped 1.6% after hours as the company guided to the low side of Q3 expectations, while revenues came in 11% higher than consensus.
- Total bookings were $174M. Mobile bookings of $115M were up 30% Y/Y and now represent 66% of overall bookings.
- GAAP revenue by segment: Online game, $162.2M (up 23.8%); Advertising and other, $37.8M (up 69.6%).
- Its mobile slot-machine games -- Wizard of Oz Slots and Hit It Rich! Slots -- have grown 274% Y/Y (32% sequentially), and the company will launch a Willy Wonka slots game after a multiyear agreement with Warner Bros.
- Average DAUs of 21M were down 23% from the prior year; Average MAUs of 83M were down 32%; and average daily bookings per average DAUs were $0.091 (up 29% Y/Y, up 21% from Q1).
- Cash and marketable securities were $1.1B.
- The company guided to Q3 revenue of $175M-$190M (vs. $186M expected) and a (non-GAAP) EPS of -$0.02 to -$0.01, vs. an expectation of break-even. It said adjusted EBITDA should be -$17M to -$7M, vs. an expected +$7.5M.
- Zynga also appointed Frank Gibeau, "one of the top strategists in mobile gaming," to its board.
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Conference call to come at 5 p.m. ET
- Press release