Zynga (ZNGA) - NASDAQ
  • Wed, Feb. 10, 4:06 PM
    • Zynga (NASDAQ:ZNGA): Q4 EPS of $0.00 in-line.
    • Revenue of $182.1M (-0.1% Y/Y) beats by $3.43M.
    • Shares -4%.
    • Press Release
    | Wed, Feb. 10, 4:06 PM | 11 Comments
  • Tue, Feb. 9, 5:35 PM
  • Tue, Jan. 5, 5:08 PM
    • Zynga (NASDAQ:ZNGA) has made up today's losses, up 0.8% after hours, as it announces a partnership with Rubicon Project (NYSE:RUBI) making Zynga's premium ad inventory available to programmatic buyers.
    • The deal is a first for the game maker, who had made its guaranteed and reserved inventory available only through manual sales channels before.
    • Those units -- which include gamified and native ads -- wil be made available to programmatic buyers through Rubicon Project's Guaranteed Orders market, along with the rest of Zynga's inventory.
    • The two companies will formally unveil the plan at the Consumer Electronics Show on Thursday.
    • RUBI gained 0.3% today and is flat in after-hours trade.
    | Tue, Jan. 5, 5:08 PM | 5 Comments
  • Nov. 4, 2015, 9:24 PM
    • Zynga (NASDAQ:ZNGA) gained 4.1% today after its Q3 beat, though the news came with word that it was losing its CFO and stalling two game releases into 2016, to go along with declines in its user base.
    • It's the delays (of CSR2 and Dawn of Titans) that drew the attention of analysts reacting to the earnings. Most took the opportunity to reiterate neutral ratings and a number of $3 price targets (17.6% upside from today's close of $2.55).
    • Stephen Ju of Credit Suisse was among the more bearish, reiterating an Underperform rating and $2.93 target. "For 4Q15, it announced an incremental slots game – otherwise, booking results were consistent with recent results with advertising outperformance concurrent with deterioration in its Web and select mobile franchises."
    • "While we do agree that incremental time in development can be a good decision if it results in a meaningfully better product," wrote Cowen's Doug Creutz, "repeated delays are a sign that a company does not have a good handle on its pipeline."
    • Dean Prissman of Morgan Stanley was more sanguine: "Ultimately, while the delayed release slate will push out estimates, the reasoning behind the delay, and the goal to produce a hit game makes long term financial sense."
    • Previously: More from Zynga's Q3: Challenges as users decline, lessons from social games (Nov. 03 2015)
    • Previously: Zynga +2% after Q3 beat; changing CFOs, delaying two games into 2016 (Nov. 03 2015)
    | Nov. 4, 2015, 9:24 PM | 5 Comments
  • Nov. 3, 2015, 4:53 PM
    • Zynga (ZNGA +2.5%) is up 1.2% after hours now following news-packed Q3 results that included financial beats, a departing CFO and the delay of two games into 2016 along with a $200M buyback program.
    • While the company saw success with the help of cost cuts, users present a challenge as the company shifts from its older Facebook base to a more mobile mix.
    • “We are seeing some initial benefits from the cost-cutting that we did in May,” CEO Mark Pincus tells VentureBeat. “We have significantly lower operating expenses.”
    • Average daily active users of 19M were down 21% Y/Y; average monthly active users of 75M were down 27%; and average daily bookings per average DAUs were $0.10 (up 27% Y/Y and up 10% sequentially).
    • Of DAUs, average mobile were 16M users and Web DAUs were 3M. Of the MAUs, average mobile were 61M (down 6%) and Web were 14M (down 63%).
    • Social casino games have done well, Pincus notes. “We are positioned to grow the audience more next year."
    • On the delays of CSR2 and Dawn of Titans, Pincus says the company learned lessons from launching Empires & Allies, and he'd like more social features ready at launch rather than after. "The No. 1 learning we had from Empires & Allies was the power of social ... In Dawn of Titans, we see a big upside in what we can deliver to players through social ease of use and integration of social into gameplay.”
    • Conference call/Q&A to come at 5 p.m. ET.
    | Nov. 3, 2015, 4:53 PM | 6 Comments
  • Nov. 3, 2015, 4:18 PM
    • Zynga (NASDAQ:ZNGA) is up 2% after hours in the wake of posting newsy Q3 results that beat on top and bottom lines, though it is slowing a pair of high-profile launches to boost quality.
    • The company also said its CFO David Lee has resigned effective immediately, and leaving the company Dec. 11. It's named Chief Accounting Officer Michelle Quejado as its interim CFO, and beginning a search for a permanent CFO.
    • It's set a $200M share repurchase program as well.
    • Total bookings were $176M (flat Y/Y), and EBITDA was $12M vs. an expected -$4.9M, boosted by Wizard of Oz Slots, Words With Friends and Empires & Allies. Mobile bookings were up 26% Y/Y and have grown to 69% of total bookings.
    • The company is delaying the launch of Dawn of Titans and CSR2 into 2016.
    • It's guiding to Q4 revenue of $170M-$185M, light of consensus of $203.8M, and projects a net loss per share of -$0.08 to -$0.06 vs. an expected break-even.
    • Conference call/Q&A to come at 5 p.m. ET.
    | Nov. 3, 2015, 4:18 PM | 4 Comments
  • Nov. 3, 2015, 4:05 PM
    • Zynga (NASDAQ:ZNGA): Q3 EPS of $0.00 beats by $0.01.
    • Revenue of $176M (+0.3% Y/Y) beats by $6.06M.
    • Shares -6%.
    | Nov. 3, 2015, 4:05 PM | 7 Comments
  • Nov. 3, 2015, 9:50 AM
    • Activision Blizzard (NASDAQ:ATVI) is off 2.8% in the wake of last night's surprise announcement that it was buying Candy Crush Saga regents King Digital (KING +14.1%) for $5.9B.
    • Cowen's Doug Creutz reiterated his Outperform rating on Activision, calling the deal "an absolute steal for Activision" that "immediately vaults them to being one of the top mobile gaming companies in the world." He has a $35 price target on the stock; just over 4% upside from today's trading of $33.60.
    • Meanwhile, Jim Cramer says "If [Activision chief Bobby Kotick] says this is a good deal, it's a good deal."
    • With the deal, King may have "solved" its dilemma of how to keep converting players into payers, as the company never quite got beyond the dependence on a single franchise (however lucrative).
    • King's mobile and social game rivals are trading up on the acquisition news as well; Glu Mobile (NASDAQ:GLUU) is up 5.2% in early going, while Zynga (NASDAQ:ZNGA) is up 2.5%. Majesco Entertainment (NASDAQ:COOL) is up 6.3%.
    | Nov. 3, 2015, 9:50 AM | 18 Comments
  • Nov. 3, 2015, 9:14 AM
    | Nov. 3, 2015, 9:14 AM
  • Nov. 2, 2015, 5:35 PM
  • Aug. 7, 2015, 4:49 PM
    • Zynga (NASDAQ:ZNGA) finished up 7.8% today, on triple average volume, as Wall Street reactions to its Q2 earnings trickled in.
    • Earlier, the stock saw strong volume in premarket trading after Benchmark upgraded it to Buy. Wedbush reiterated its own Buy rating, while Robert w. Baird reiterated its Hold rating.
    • Bank of America's Justin Post noted that Zynga's bookings seem to be "somewhat stabilizing," but pointed to active user base as a concern. He said Zynga's below-consensus guidance is somewhat conservative given the company's labor-cost savings initiatives, and said there's room for "stock enthusiasm" heading into 2016 if the company can produce hits.
    • Morgan Stanley also pointed to the importance of Q4, which is taking the brunt of the release slate after what will be a soft Q3. Metrics in geo-lock for Dawn of Titans (hitting worldwide in Q4) were encouraging as users averaged twice the sessions played vs. Empires and Allies.
    • Previously: Zynga up 2.9% as Benchmark upgrades to Buy (Aug. 07 2015)
    • Previously: Zynga off 1.6% after hours, issues light Q3 guidance (Aug. 06 2015)
    | Aug. 7, 2015, 4:49 PM | 3 Comments
  • Aug. 7, 2015, 9:29 AM
    • Zynga (NASDAQ:ZNGA) is up 2.9% on strong volume premarket, as Benchmark upgrades to Buy, from Hold.
    • The company posted some surprising bookings gains, but analyst attention was starting to focus on declining user numbers, including daily average users that slipped 23%.
    • "Zynga is basically a stock option," says Sean Udall of Quantum Trading Strategies. "It's a $2.50 stock ... It's like a cheap stock option with quite a bit of time value."
    • 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).
    • Udall called Zynga's MAU number "relatively disturbing," but says they can't be counted out.
    • "Just a quick, back of the napkin look, they've got about $1.2 billion in net cash on the balance sheet," he said. "If they could ever get hits going and revenues going and a couple big, they have a ton of balance sheet power to put behind the idea. This is a company that could come back. They wouldn't need one hit, they need a franchise that grows or a string of hits."
    | Aug. 7, 2015, 9:29 AM | 4 Comments
  • Aug. 6, 2015, 4:19 PM
    • Zynga (NASDAQ: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.
    • Conference call to come at 5 p.m. ET
    | Aug. 6, 2015, 4:19 PM | 7 Comments
  • Aug. 6, 2015, 4:06 PM
    • Zynga (NASDAQ:ZNGA): Q2 EPS of -$0.01 beats by $0.01.
    • Revenue of $174.46M (-0.4% Y/Y) beats by $17.62M.
    • Shares -6.69%.
    | Aug. 6, 2015, 4:06 PM | 5 Comments
  • Jul. 31, 2015, 10:48 AM
    • Zynga (NASDAQ:ZNGA) has moved up 3.2% in the wake of a Fortune report that says four different groups of investors have looked at a takeover bid over the past year -- bids that fell apart after founder Mark Pincus came back to a leadership role in April.
    • Two plans involved stripping out costs in a "cash extraction" strategy, Fortune says, involving selling real estate holdings that amount to at least $228M, and growing through acquisitions to boost profit.
    • “There is no good reason why it’s still public,” says BTIG's Richard Greenfield. “They don’t need the public’s capital to run their business.”
    • The company has $1.1B in cash and draws nearly $700M in revenue, but has a market cap of just $2.3B.
    • Pincus has addressed some issues that the takeover plans focused on, including data center shutdowns and (particularly) layoffs of a bloated staff (cutting 364 of 2,000 workers). He may be pursuing a route counter to a private sale, however: making big bets on building mega-hit games.
    | Jul. 31, 2015, 10:48 AM | 6 Comments
  • Jul. 1, 2015, 5:36 PM
    | Jul. 1, 2015, 5:36 PM | 8 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