Zynga (ZNGA) Tops Q1 EPS by 1c; Guides Wide Q2 Loss

Zynga (NASDAQ: ZNGA) reported Q1 EPS of $0.00, $0.01 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $187 million versus the consensus estimate of $162.19 million.

MUUs, MUPs and payer conversion exclude certain games as our systems are unable to distinguish whether a player of these games is also a player of other Zynga games. We exclude players of these games to avoid potential duplication.

• For the first quarter of 2015, NaturalMotion legacy games (CSR Racing, CSR Classics and Clumsy Ninja) are excluded from MUUs, MUPs and payer conversion.
• For the fourth quarter of 2015, NaturalMotion legacy games (CSR Racing, CSR Classics and Clumsy Ninja) and Rising Tide games (Black Diamond Casino) are excluded from MUUs, MUPs and payer conversion.
• For the first quarter of 2016, Rising Ride games (Black Diamond Casino and Vegas Diamond Slots) and Zindagi legacy games (Yummy Gummy and Crazy Kitchen) are excluded from MUUs, MUPs and payer conversion.

GUIDANCE:

Zynga sees Q2 2016 EPS of ($0.03)-($0.02). Zynga sees Q2 2016 revenue of $170-180 million. The Street sees Q2 loss of $0.00 and revenue of $170.4 million.

For earnings history and earnings-related data on Zynga (ZNGA) click here.

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