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Zynga (ZNGA)

- NASDAQ
  • Thu, Apr. 9, 12:45 PM
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  • Thu, Apr. 9, 9:11 AM
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  • Wed, Apr. 8, 5:38 PM
     
    • Top gainers, as of 5:15 p.m.: SALT +8.4%. EPE +7.1%. RNDY +6.4%. APOG +5.6%. EGY +5.1%.
    • Top losers, as of 5:15 p.m.: ZNGA -10.3%. NOAH -3.6%. BBBY -3.5%. AA -3.4%. GPT -3.0%.
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  • Wed, Apr. 8, 4:41 PM
    • The Street isn't pleased with news Don Mattrick is resigning as Zynga's (NASDAQ:ZNGA) CEO to pave the way for founder/chairman Mark Pincus' return.
    • After coming off a halt, shares have fallen to $2.66 AH. $1.2B in cash/investments ($1.31/share) were on the balance sheet at the end of 2014.
    | 16 Comments
  • Wed, Apr. 8, 4:15 PM
    • Following less than 2 years on the job, former Microsoft Xbox chief Don Mattrick is resigning as Zynga's (NASDAQ:ZNGA) CEO, and from the board.
    • Controversial founder/chairman Mark Pincus, who last year stepped down from an operational role at the social/mobile game developer, is now returning as CEO. Pincus, Zynga's biggest shareholder, will earn a $1 salary.
    • Mattrick: "I believe the timing is now right for me to leave as CEO and let Mark lead the company into its next chapter given his passion for the founding vision and his ability to couple our mobile progress with Zynga's unique strengths ... I plan to return to Canada to pursue my next challenge."
    • CFO David Lee states Q1 was "a strong quarter," and that Zynga is "confident" about its guidance. Q1 results arrive on May 7.
    • Zynga remains halted. Om Malik at the time of Mattrick's hiring: "How long will he last? My guess is somewhere between 16 and 24 months. That’s about the time it takes for Pincus to fall out of love with new executive hires."
    | 10 Comments
  • Wed, Apr. 8, 4:03 PM
    • Zynga (NASDAQ:ZNGA) has been halted after the bell. Shares rose 3.4% in regular trading.
    • Update: Zynga announces Don Mattrick is stepping down as CEO, and that Mark Pincus will once more have the job.
    | 16 Comments
  • Tue, Mar. 10, 2:49 PM
    • The push to legalize sports betting has a "tidal wave" of momentum behind it, according to some legal and gaming experts.
    • NBA commissioner Adam Silver publicly supports bringing sports betting off the black market, and other high-level sports execs say they are open to having discussions on the topic.
    • If legalized sports betting were to take off, companies with an edge on the technology front could carve up market share.
    • U.K. firm William Hill (OTC:WIMHF, OTCPK:WIMHY) now brings in 40% of its handle via mobile apps.
    • Though major casino operators such as Wynn Resorts (NASDAQ:WYNN), Caesars Entertainment (NASDAQ:CZR), and MGM Resorts (NYSE:MGM) face some risk of reduced Las Vegas traffic, they also have a branding advantage with potential bettors which can be leveraged.
    • Scientific Games (NASDAQ:SGMS) and Zynga (NASDAQ:ZNGA) appear poised to jump on the sports gambling scene as soon as legalities clear.
    • Even Comcast (NASDAQ:CMCSA) is on the periphery of sports betting through Comcast Ventures' property FanDuel.com.
    | 7 Comments
  • Fri, Mar. 6, 4:52 PM
    • Though the Nasdaq closed down 1.1%, Zynga (NASDAQ:ZNGA) rallied strongly on volume of 25.6M shares, well above a 3-month daily average of 15.3M.
    • The gains come a day after the social/mobile game developer previewed  (with the help of a trailer video) Dawn of Titans, an action strategy game created by its NaturalMotion unit, whose titles have a reputation for featuring high-quality graphics and advanced physics.
    • Zynga: "Our team has designed every element of Dawn of Titans ... to push the edge and create an entertainment experience that we believe supersedes anything found today in the Action Strategy category ... Powering Dawn of Titans is NaturalMotion’s mobile technology and toolset that creates unprecedented visuals, animation and depth-of-gameplay. Echo, Dawn of Titans proprietary engine, enables the game to feature thousands of units on-screen to achieve epic battles and run smoothly on mobile devices."
    • The game will enter a location-specific (geo-lock) beta "in the coming weeks," before launching worldwide later in 2015. It's part of Zynga's plans to significantly grow its mobile lineup in 2015, and in doing so offset ongoing Facebook bookings declines.
    • Friday short-covering may have helped Zynga's cause: 68.9M shares (10% of the float) were shorted as of Feb. 13.
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  • Fri, Feb. 13, 12:45 PM
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  • Fri, Feb. 13, 9:15 AM
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  • Fri, Feb. 13, 8:59 AM
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  • Thu, Feb. 12, 5:36 PM
    • Top gainers, as of 5:15 p.m.: KING +18.5%. CYBR +15.9%. ELLI +11.8%. MTSN +10.1%. JCOM +7.5%.
    • Top losers, as of 5:15 p.m.: MX -39.6%. KN -13.0%. ZNGA -9.8%. MGI -6.8%. NUS -5.0%.
    | 5 Comments
  • Thu, Feb. 12, 4:52 PM
    • "We will deliver a 100 percent mobile-first new product slate featuring new games, with a goal of ending 2015 with more than 75% of our fourth quarter bookings coming from mobile," says CEO Don Mattrick in Zynga's (NASDAQ:ZNGA) Q4 report. Mobile made up 60% of bookings in Q3, up from 55% in Q3 and 37% a year ago.
    • As part of its mobile push, Zynga plans to launch action strategy titles Dawn of Titans and Empires & Allies; NaturalMotion is developing the former. Zynga also plans to launch FarmVille: Harvest Swap, a match-3 game for the core franchise.
    • No explanation is given in Zynga's earnings release for the Q4 bookings shortfall or its light guidance. Though bookings rose thanks in part to the NaturalMotion acquisition, monthly active users fell to 108M from 112M in both Q3 and Q4 2013. Monthly unique payers fell to 1.1M from 1.3M in Q3 and Q4 2013.
    • Zynga has confirmed its Beijing studio closing, and says the move will save it $7M/year. GAAP costs/expenses (boosted by NaturalMotion) rose 18% Y/Y in Q4 to $241.5M, with R&D totaling $105.1M. The cash/investment balance is at $1.1B.
    • Shares are down to $2.39 AH.
    • Zynga's Q4 results/guidance, PR
    | 7 Comments
  • Thu, Feb. 12, 4:07 PM
    • Zynga (NASDAQ:ZNGA): Q4 EPS of $0.00 in-line.
    • Bookings of $182.4M (+24.4% Y/Y) misses by $18.71M.
    • Expects Q1 bookings of $140M-$150M and EPS of -$0.02 to -$0.03, below a consensus of $200.9M and $0.00.
    • Shares -11.3% AH.
    • Press Release
    | 13 Comments
  • Thu, Feb. 12, 12:40 PM
    • Ahead of today's Q4 report, Zynga (ZNGA) states it's shuttering its Beijing office and cutting 71 jobs (~4% of its workforce). The office's launches of a Chinese version of FarmVille (rebranded as FarmVillage) failed to meet expectations in an intensely competitive Chinese gaming market.
    • Zynga has already carried out a string of major job cuts over the last two years amid slumping bookings and active user counts for its core franchises. The company has also begun relying more on 3rd-party IP from the likes of Warner Bros. and the NFL.
    • After rallying over the last week, shares have reversed coursed today. They've traded in a fairly narrow range since Zynga's Nov. 6 Q3 bookings beat.
    | 5 Comments
  • Wed, Feb. 11, 5:35 PM
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Company Description
Zynga Inc provides social game services. The Company develops, markets and operates social gamesas live services played on mobile platforms such as iOS and Android and social networking sites such as Facebook.