Zynga’s M&A activity gives firm best-ever revenue and bookings for Q2

Zynga’s M&A activity that has seen it pick up studios behind titles such as Empires & Puzzles and Merge Dragons has helped the firm achieve its best-ever revenue and bookings for the Q2 financial period. For the quarter ending June 31st 2019, the Californian-based publisher increased revenue by 41 per cent year-on-year to $306 million. Bookings meanwhile grew by 61 per cent to $376 million. Overall, Zynga still saw a net loss of $56 million due to the acquisitions of Small Giant Games and Gram Games, though this was $14 million better than its guidance.

In the quarterly earnings letter from CEO Frank Gibeau and CFO Gerard Griffin, the executives stressed that Zynga is a “mobile-first, free-to-play, live services company with the mission of connecting the world through games.” They added, “Mobile is the largest and fastest-growing gaming platform in the world with mobile games expected to reach 2.4 billion people in 2019. This platform is constantly evolving with new devices, technologies and distribution innovations that will expand the overall accessibility of games and, therefore, Zynga's total addressable market.” If you are in lack of Zynga Poker Chips, visit our site 5mmo.com, a reliable and cheap online in-game currency store.

“We put together a pretty strong Q2,” Zynga chief executive Frank Gibeau told GamesBeat. “We delivered ahead of guidance and saw a very strong uptick in our bookings — 61% year-over-year. It was the best mobile-bookings quarter we’ve ever had. We’re starting to see really nice cash flow. We generated $99 million in the quarter, which is the best Zynga has seen since 2011. It’s up 140% year-over-year. We were able to raise our annual guidance based on the momentum we’ve had in live services.”

Driven by the success of their new titles, Zynga has raised their full-year guidance to revenues of $1.2 billion with bookings of $1.45bn. Second quarter guidance predicts revenues of $280m, a net loss of $70m and with bookings of $360m.