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Zynga (ZNGA)

  • 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, 4:08 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, 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%.
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  • 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, 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.
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  • 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.
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  • 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.
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  • 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. 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.
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  • 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, 12:53 PM
    Zynga (ZNGA +4.9%) and Groupon (GRPN +1.6%) continue their recent rallies, possibly aided by favorable Jim Cramer mentions (video) during last night's episode of Mad Money. Cramer likes the accolades new Zynga CEO Don Mattrick is receiving from tech/media titans. "[Reid] Hoffman and [Jeffrey] Katzenberg? Both praising this guy? If this were really the Titanic of gaming, believe me these guys wouldn't be making these terrific comments." Regarding Groupon, Cramer suggests (like Wunderlich and Deutsche) the company is transforming itself in the post-Andrew Mason era (much of the groundwork was arguably laid when Mason was around). Zynga is up 23% over the last 3 trading days. (yesterday)
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  • Jul. 2, 2013, 12:45 PM
    Midday top 10 gainers: CLNT +25%. MTSL +16%. SGOC +13%. CLFD +13%. LPTH +12%. NOAH +12%. TXTR +10%. PTEK +10%. NYNY +9%. ZNGA +9%.
    Midday top 10 Losers: ACHN -24%. HDSN -24%. ZEP -16%. LINE -15%. SINO -13%. LNCO -12%. PBMD -12%. UQM -12%. RBY -11%. WBMD -10%.
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  • Jul. 2, 2013, 10:24 AM
    Zynga (ZNGA +10.3%) is matching yesterday's gains as investors give a thumbs-up to the hiring of Don Mattrick as CEO. Jim Cramer: "[$1.6B] in cash for a [$2.4B] market cap with a new ceo - that seems pretty hopeful. I am mindful about how well GRPN did after sacking Mason." The WSJ reports ~95% of Mattrick's compensation will be in stock. Fast Company reports Microsoft's (MSFT) pending reorg and the fact Mattrick "would not be getting a bigger role" spurred his departure. It also points out Mattrick was "the force behind The Sims" at Electronic Arts, and championed the Kinect at Microsoft. A Microsoft exec: "Don has this really ambitious vision ... Then he’s just relentless, dogged about pushing people beyond their comfort zones."
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  • Jul. 2, 2013, 9:12 AM
    Premarket gainers: CLNT +35%. ZNGA +10%.
    Losers: HDSN -32%. ACHN -20%. LINE -11%. LNCO -10%. FMS -9%. LDK -7%. DVA -7%. BRY -6%.
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  • Jul. 1, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: TRP +8%. XRTX +6%. ZNGA +6%. TSPT +4%. NWS +3%.
    After-hours top losers: ACHN -22%. FMS -7%. GSE -2%. THO -2%. TEO -1%.
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  • Jul. 1, 2013, 4:15 PM
    Zynga (ZNGA) makes it official: Microsoft (MSFT) Xbox division chief and former Electronic Arts studios head Don Mattrick is the company's new CEO, effective July 8. Mark Pincus will remain both chairman and chief product officer. Pincus: "Don is unique in the game business ... He can execute in multiple domains hardware, software and network, and he's been the person responsible for game franchises like 'Need for Speed,' 'FIFA' and 'The Sims.' Shares +2.9% AH after rising 10.4% in regular trading. (previous)
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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.