Zynga (ZNGA) Tops Q4 Views on All-Around User Growth, Record Bookings; Issues FY12 Outlook
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Zynga (Nasdaq: ZNGA) shares have been swinging following its fourth-quarter earnings report, issued after the market closed Tuesday. Initially down 5 percent, shares rebounded to a slight gain, and are back in negative territory as investors work to disseminate information.
Revenue rose 60 percent from $195.8 million during the same quarter last year to $311.24 million.
Zynga reported a loss of $435 million in the quarter, or $1.22 per share. Adjusting for certain one-time items, Zynga reported non-GAAP net income of $37.15 million, or 5 cents per share.
The Street was expecting EPS of 3 cents on revenue of $311.2 million.
Daily active users rose 13 percent to 54 million, monthly active users popped 23 percent to 240 million, and monthly unique users rose 38 percent to 153 million.
Bookings rose 26 percent to a record $306.5 million in the quarter.
"We are seeing social games and more broadly play become one of the most popular pastimes on web and mobile," founder and CEO Mark Pincus stated. "Zynga set new records in the year in terms of audience size, revenues and bookings."
Looking ahead, Zynga sees fiscal 2012 non-GAAP EPS of 24 cents to 28 cents. The Street is currently expecting FY12 adj-EPS just under 24 cents.
Shares are down about 4 percent late Tuesday.
Revenue rose 60 percent from $195.8 million during the same quarter last year to $311.24 million.
Zynga reported a loss of $435 million in the quarter, or $1.22 per share. Adjusting for certain one-time items, Zynga reported non-GAAP net income of $37.15 million, or 5 cents per share.
The Street was expecting EPS of 3 cents on revenue of $311.2 million.
Daily active users rose 13 percent to 54 million, monthly active users popped 23 percent to 240 million, and monthly unique users rose 38 percent to 153 million.
Bookings rose 26 percent to a record $306.5 million in the quarter.
"We are seeing social games and more broadly play become one of the most popular pastimes on web and mobile," founder and CEO Mark Pincus stated. "Zynga set new records in the year in terms of audience size, revenues and bookings."
Looking ahead, Zynga sees fiscal 2012 non-GAAP EPS of 24 cents to 28 cents. The Street is currently expecting FY12 adj-EPS just under 24 cents.
Shares are down about 4 percent late Tuesday.
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