Zynga (ZNGA) Misses Q1 EPS, Revs; Raises Outlook

Zynga (NASDAQ: ZNGA) reported Q1 EPS of ($0.14), $0.19 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $265 million versus the consensus estimate of $326.8 million.

GUIDANCE:

Zynga sees FY2019 revenue of $1.2 billion, versus the consensus of $1.36 billion.

"Given the strong momentum of our live services, we are raising our full year 2019 guidance to $1.2 billion in revenue, up 32% year-over-year and an increase of $50 million versus our prior guidance. We have also raised our bookings guidance to $1.45 billion, up 50% year-over-year and an increase of $100 million versus our prior guidance. We expect a net increase in deferred revenue of $250 million, up $188 million or 301% year-over-year. "

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

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