Zynga (ZNGA) Misses Q4 Revenue

Zynga (NASDAQ: ZNGA) reported Q4 EPS of ($0.05), $0.14 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $616 million versus the consensus estimate of $677.73 million.

“In an unprecedented year, our talented and resilient teams finished Q4 strong, delivering our highest quarterly revenue and bookings in Zynga’s history. Our execution throughout 2020 added meaningful scale to our live services platform and strengthened our position as one of the leading mobile game publishers in the world,” said Frank Gibeau, Chief Executive Officer of Zynga. “Our live services portfolio is off to a tremendous start in 2021 led by our Forever Franchises, momentum in Harry Potter: Puzzles & Spells and two new top downloaded hyper-casual games from Rollic. Zynga’s multi-year strategy of growing our live services, launching new games and investing in exciting growth opportunities has us well positioned for growth in 2021 and beyond.”

GUIDANCE:

Zynga sees FY2021 revenue of $2.6 million, versus the consensus of $2.75 million.

Zynga sees FY2021 revenue of $635 million, versus the consensus of $656.6 million.

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

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