• Jul. 26, 2013, 1:04 PM

    Zynga's (ZNGA -15.3%) decision not to pursue real-money gambling in the U.S. probably has more to do with a fear of rubbing shoulders with heavyweights such as Wynn Resorts (WYNN -0.4%) and MGM Resorts (MGM +0.2%) with their deep pockets than concerns a major market doesn't exist for online gambling, according to early analysis. The other interesting angle is Zynga could be positioning itself for a strategic partnership with a company that already has the requisite gaming licenses.

    | Jul. 26, 2013, 1:04 PM | 9 Comments
  • Jul. 26, 2013, 12:45 PM
    Midday top 10 gainers: GENT +52%. USU +41%. INPH +40%. PBIB +31%. MKTY.PK +29%. ETRM +21%. CREG +18%. ZHNE +17%. BCOV +17%. URRE +15%.
    Midday top 10 Losers: HTCH -30%. EXPE -25%. SWI -22%. HXM -20%. IPCI -20%. COBR -19%. TSYS -18%. GAI -17%. AIMC -17%. ZNGA -16%.
    | Jul. 26, 2013, 12:45 PM | 1 Comment
  • Jul. 26, 2013, 11:26 AM

    Wedbush is out defending Zynga (ZNGA -17.7%) in the midst of a rather nasty post-earnings sell-off triggered by the company's decision not to pursue real money gaming in the U.S. A company-wide review by CEO Don Mattrick "will result in a further streamlining of operations [and] will help the company to better focus on its more immediate revenue opportunities," analyst Michael Pachter says, maintaining an Overweight rating and a $4.25 PT. Meanwhile, Canaccord's Michael Graham is "optimistically cautious" based on Mattrick's willingness to "roll up his sleeves" and the company's "cash cushion." (Previous: Needham removes Buy on ZNGA)

    | Jul. 26, 2013, 11:26 AM | 6 Comments
  • Jul. 26, 2013, 9:11 AM
    Premarket gainers: ETRM +29%. ATVI +14%. KNDI +11%. PSO +8%. SBUX +7%. GILD +5%.
     Losers: EXPE -23%. SWI -21%. IPCI -17%. ZNGA -17%. VRTX -9%. CRUS -6%.
    | Jul. 26, 2013, 9:11 AM
  • Jul. 26, 2013, 8:19 AM

    Needham's Sean McGowan removes his Buy on Zynga (ZNGA) after last night's earnings and news the company won't pursue real money gaming in the U.S. "The company has eliminated much of the potential upside for the stock, while weakness in Poker could indicate that once 'untouchable' pillars of the company are weakening." New CEO Don Mattrick is obviously in the process of remaking the company and warns to expect "increased volatility." Shares -17.7% premarket.

    | Jul. 26, 2013, 8:19 AM
  • Jul. 25, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: LOGM +9%. SBUX +6%. RENN +6%. GILD +5%. CLF +3%.
    After-hours top losers: TPX -13%. ZNGA -13%. OUTR -9%. VRTX -9%. GPN -8%.
    | Jul. 25, 2013, 5:30 PM
  • Jul. 25, 2013, 4:20 PM

    More on Zynga (ZNGA) Q2 earnings: Q3 EPS guidance of -$0.09 to -$0.05 (consensus is -$0.02) on bookings of $125M-$150M. From Q2: Daily active users of 39M is off 45% Y/Y, off 24% Q/Q. Average daily bookings per average DAU of $0.053, up 14% Y/Y. Monthly unique payers of 1.9M off 53% Y/Y. "Biggest opportunity is to focus on free to play social games ... Zynga is making the focused choice not to pursue a license for real money gaming in the U.S." Shares -6.9% AH. CC at 5 ET. (PR)

    | Jul. 25, 2013, 4:20 PM | 14 Comments
  • Jul. 25, 2013, 4:08 PM
    Zynga (ZNGA): Q2 EPS of -$0.01 beats by $0.03. Revenue of $188M beats by $2.5M. Shares +3.7% AH. (PR)
    | Jul. 25, 2013, 4:08 PM | 10 Comments
  • Jul. 25, 2013, 9:15 AM
    Premarket gainers: FB +31%. BIDU +18%. TQNT +14%. TRIP +14%. LOGI +13%. OKE +10%. MEET +9%. CDTI +9%. BSX +9%. IMAX +8%. SPR +7%. FFIV +7%. UA +7%. YNDX +6%. ZNGA +6%. RENN +5%.
    Losers: SQNM -36%. CROX -24%. PHM -7%. SI -7%. WDC -5%.
    | Jul. 25, 2013, 9:15 AM
  • Jul. 24, 2013, 6:57 PM

    It "just isn't true" that teens are leaving Facebook (FB), says Mark Zuckerberg during the Q2 call, citing company data and countering reports of teen fatigue. He adds "people on average are spending more time on Facebook than ever before," and that the company's main ad priority is to grow its advertiser count, rather than its ad count.  Gaming revenue was up an adjusted 11% Y/Y (good for ZNGA ... if it can halt share losses). Though capex fell in Q2, it's expected to grow 50% Y/Y in 2013. Time spent on Facebook averaged 20B/day in June, or 17 minutes/MAU. Ad prices +13% Y/Y, and spending by e-commerce firms rose significantly. Zuck again suggests Facebook is in no rush to monetize Instagram. FB +16.9% AH. (Q2: I, II) (live blogs: I, II)

    | Jul. 24, 2013, 6:57 PM | 15 Comments
  • Jul. 24, 2013, 5:31 PM

    Zynga (ZNGA) +2.1% AH, LinkedIn (LNKD) +1.7%, and YELP +1.5% after Facebook blows away Q2 estimates courtesy of a 75% Q/Q increase in mobile ad sales. Facebook's Payments & Other revenue (relevant to Zynga) rose slightly Q/Q and 11% Y/Y in the face of a shift in gaming activity towards mobile (where Facebook doesn't get a 30% cut). The mobile ad growth comes as LinkedIn begins rolling out Sponsored Updates, a news feed ad product very similar to Facebook's popular Sponsored Stories. Zynga reports tomorrow, Yelp on July 31, and LinkedIn on Aug. 1.

    | Jul. 24, 2013, 5:31 PM | 1 Comment
  • Jul. 19, 2013, 6:14 PM
    Is the second time a charm? A month after shuttering Empires & Allies, its first action strategy game, Zynga (ZNGA) is launching Dojo Mojo, an action strategy title the company hopes will stand out through a multiplayer mode (enabled via in-app purchases). Zynga's embrace of the genre, which comes amidst huge layoffs, is part of its effort to bolster declining Facebook gaming revenues by launching more "mid-core" titles. Q2 results arrive on July 25.
    | Jul. 19, 2013, 6:14 PM
  • Jul. 10, 2013, 8:33 AM

    Shares of Zynga (ZNGA) will be in focus today as the company unveils its new real-money gambling apps destined for the U.K. at an event in Spain. The games will be the first to be launched under a new strategic partnership with Facebook and should give a sneak peek at what online gambling apps from Las Vegas casinos (CZR, WYNN, MGM) could look like if Internet gambling in the U.S. is approved under a national framework. ZNGA +2.1% premarket.

    | Jul. 10, 2013, 8:33 AM
  • Jul. 8, 2013, 9:51 AM

    New Zynga (ZNGA -1.2%) CEO Don Mattrick tried to buy the company for Microsoft back in 2010, Bloomberg reports. The goal of such an acquisition, which (given Zynga's current valuation) might have yielded another huge write-down for Microsoft, would have been to provide social games for Xbox Live. Quartz observes Mattrick is due to make $95M-$105M over the next 5 years in cash and equity, and (like other Zynga execs) would be immediately entitled to 25%-50% of outstanding equity awards in the event of a sale.

    | Jul. 8, 2013, 9:51 AM | 2 Comments
  • Jul. 5, 2013, 6:05 PM
    Candy Crush Saga developer King now claims more Facebook monthly active users than Zynga (ZNGA), per AppData's latest stats. King is believed to have 150.2M MAUs, Zynga 149.9M, and #3 Microsoft (thanks to Live, Bing, and Skype) 71.8M. King, which is profitable and reportedly prepping an IPO, already had an edge in total daily active users for its games. About half the company's users are on mobile.
    | Jul. 5, 2013, 6:05 PM
  • Jul. 3, 2013, 5:01 PM

    Some Zynga (ZNGA) commentary: 1) Farhad Manjoo sees Zynga's strategy - expanding into mobile, real-money, and "mid-core" gaming while retaining a devoted Facebook base - resembling Don Mattrick's efforts to turn the Xbox into a living room hub. 2) Mitali Pattnaik remains pessimistic, citing a culture that "ended up building a company of cut-throat mercenaries, focused more on distribution than on their products," and which she thinks has undermined Zynga's mobile efforts. 3) Evelyn Rusli wonders just how much power Mattrick will have, given Mark Pincus remains chairman/chief product officer and will "jointly run a new executive committee with Mattrick to oversee some of the larger strategy decisions." (previous)

    | Jul. 3, 2013, 5:01 PM | 2 Comments
Company Description
Zynga, Inc. operates as an online social game services company. It engages in the developing, marketing and operating of online social games as live services played over the Internet and on social networking sites and mobile platforms. The company provides its online social games under the Zynga... More
Sector: Technology
Industry: Internet Information Providers
Country: United States