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Zynga

5/22/2013, 12:55 AM ET

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Tuesday, May 21, 11:39 AM Piper raises its PT for Zynga (ZNGA +2.4%) to $3.50 from $2.75: the firm says checks indicate core business stability and mobile game traction. Running with Friends remains #5 on the App Store's U.S. free app leaderboard; Draw Something 2 has fallen to #64. Comment! [Tech]
Wednesday, May 15, 9:56 AM Barry Rosenstein's Jana Partners discloses it bought 25.5M Zynga (ZNGA +8.2%) shares in Q1. That's good for a 4.2% stake in the social gaming leader, which is shooting higher on the news. (13F) 2 Comments [Tech, On the Move, Breaking News]
Monday, May 13, 4:10 PM Zynga (ZNGA +7.4%) closes sharply higher in the absence of major news. Enthusiasm about the performance of new mobile titles Draw Something 2 and Running with Friends could be a factor - AppData's stats (I, II) indicate both games continue to fare well in App Store charts. Zynga's short interest has tripled since November, but is still well below where it stood a year ago. 1 Comment [Tech, On the Move]
Friday, May 10, 6:42 PM Mobile game Running with Friends is the first Zynga (ZNGA) title in the endless running genre. Just launched globally following a Canadian soft launch, the game amounts to a collaboration with popular console game developer Eat Sleep Play - this could be a sign of Zynga's efforts to keep R&D spending down as much as anything. Regardless, Zynga is hoping the game can add to the mobile momentum produced by Draw Something 2, as the company bets on "high-engagement" mobile titles to help spark a rebound. 5 Comments [Tech]
Friday, May 3, 1:49 PM Draw Something 2 is looking like a hit for Zynga (ZNGA -0.6%): the sequel to one-time hit/write-down Draw Something, which adds more advanced drawing tools and a "social feed," has quickly shot to the top of the App Store's free iPhone app leaderboard since its late-April launch (it's monetized via in-app purchases). Zynga can use the good news after getting hammered last month due to poor Q2 guidance, as engagement for its Facebook games dives in spite of FarmVille 2's success. Also: Zynga is pitching itself to video advertisers during upfront season, as it tries to bolster an ad business that made up 13% of Q1 revenue. 1 Comment [Tech]
Wednesday, May 1, 6:19 PM Facebook's (FB) ad impressions and prices respectively rose 39% and 3% Y/Y in Q1, Sheryl Sandberg states on the CC; given the success of Sponsored Stories and the FBX Exchange, the price growth seems light (mobile a likely reason). Still, Y/Y ad rev. growth was higher in Q1 than in any 2012 quarter, thanks partly to demand for app install ads (used by 3.8K developers to drive ~25M downloads). Payments revenue rose Q/Q after adjusting for an extra month in Q4, and Facebook claims record gaming activity (good for ZNGA). PC ad revenue was flat Y/Y. Mark Zuckerberg hints Instagram will soon be monetized. (live blogs: I, II) (previous) 3 Comments [Tech]
Tuesday, April 30, 12:58 PM Zynga (ZNGA -1.1%) strikes a deal to publish Game of Thrones Ascent, a a social game based on HBO's hit series that has been developed by startup Disruptor Beam. Zynga has slowly but steadily been adding games and developers to its publishing network, and is hoping the efforts, together with its Zynga.com site and Zynga with Friends social network, will lessen its dependence on home-grown Facebook games, which (with an exception or two) haven't been faring well lately. Comment! [Tech]
Thursday, April 25, 9:12 AM Premarket gainers: MPG +23%. INFN +19%. AKAM +17%. FIO +16%. CLF +8%. YNDX +7%. NXST +7%. NOW +7%. CAB +6%. CAKE +6%.
Losers: XIDE -15%. WHX -14%. INTU -13%. ZNGA -9%. MLNX -8%. AVEO -7%. CTXS -7%. 1 Comment [On the Move]
Wednesday, April 24, 6:20 PM Though Zynga (ZNGA) beat Q1 estimates thanks to strong FarmVille 2 bookings, its quarterly metrics help explain its poor Q2 guidance. Daily active users (DAUs) fell 8% Q/Q and 21% Y/Y in Q1 to 52M, after having fallen 6% Q/Q in Q4. Monthly active users fell 15% Q/Q and 13% Y/Y to 253M, monthly unique payers fell 14% Q/Q and 30% Y/Y to 2.5M, and average daily bookings per DAU fell 2% Q/Q and 11% Y/Y to $0.055. Cost controls are keeping Zynga from witnessing huge cash burn: R&D spend -31% Y/Y, sales/marketing -52%, G&A -41%. Only $2.5M worth of buybacks took place. Can real-money gambling help turn the tide? Shares -9.2% AH. (Q4 data) (PR) 1 Comment [Tech, Earnings, On the Move]
Wednesday, April 24, 5:52 PM After-hours top gainers, as of 5:15 p.m.: AKAM +16%. FIO +12%. AVG +10%. ANGI +8%. BYI +6%.
After-hours top losers: SUPN -14%. CTXS -12%. EQIX -11%. INTU -10%. ZNGA -8%. Comment! [On the Move]
Wednesday, April 24, 4:11 PM Zynga (ZNGA): Q1 EPS of $0.01 beats by $0.05. Bookings of $229.8M (-30% Y/Y) beats by $20M. Expects Q2 bookings of $180M-$190M and EPS of -$0.04 to -$0.03, below a consensus of $236.1M and -$0.01. Shares -13.4% AH. (PR) 5 Comments [Tech, Earnings, On the Move, Breaking News]
Monday, April 15, 10:43 AM Electronic Arts (EA -1.1%) is doing a social gaming about-face: the company is shuttering Facebook titles The Sims Social, SimCity Social, and Pet Society due to declining usage. "For people who have seen other recent shutdowns of social games, perhaps this is not surprising," says EA in a jab at former lawsuit target Zynga (ZNGA -1.2%), which nonetheless can't be upset about this news. The closings come shortly after EA CEO John Riccitiello resigned, and a fresh round of layoffs were carried out. SimCity Social once had 10M monthly users. Comment! [Tech]
Friday, April 5, 4:14 PM Another Friday, another rally for well-shorted Internet stocks. Though Zynga (ZNGA +3.2%) may have benefited from news it's adding John Doerr to its board, most Internet names with large short interests that posted big gains did so in the absence of major news. Groupon (GRPN +5.9%), a frequent participant in such rallies, was among the standouts, as were Yelp (YELP +8.5%), Zillow (Z +3.8%), and OpenTable (OPEN +4.6%). 3 Comments [Tech, On the Move]
Friday, April 5, 9:35 AM Zynga (ZNGA) adds famous Kleiner Perkins VC John Doerr to its board. Doerr, whose firm was a pre-IPO investor in Zynga, also sits on Google's board. (PR) 1 Comment [Tech]
Thursday, April 4, 5:46 PM Hit hard by a torrent of executive defections over the last 9 months, Zynga (ZNGA) is boosting the salaries of many top execs, while also providing huge cash bonus/stock grant incentives tied to the performance of Zynga's games, network, and adjusted EBITDA numbers. On the other hand, CEO/founder Mark Pincus, who still owns a giant chunk of Zynga, is lowering his salary to $1, and won't receive any bonus/equity compensation for 2013. (8-K) 4 Comments [Tech]
Wednesday, April 3, 6:25 PM Jefferies tries to throw some cold water on the euphoric market response to Zynga's (ZNGA +15%) U.K. real-money gambling launch. The firm's arguments: Only 6%-9% of Zynga's revenue comes from the U.K., 81% of Zynga's revenue is still tied to Facebook and 18% to mobile, there's some cannibalization risk for Zynga Poker (ed: Zynga is probably willing to accept this), revenue is shared with Bwin.party, and the timing of a U.S. launch remains a question mark. Needham is more optimistic, arguing the launches and the popularity of What's the Phrase could provide a Q2 lift. 2 Comments [Tech]

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