UPDATE: Zynga (ZNGA) Reports In-Line Q3 EPS, Offers Guidance

(Updated - November 6, 2014 4:09 PM EST)

Zynga (NASDAQ: ZNGA) reported Q3 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $176.6 million versus the consensus estimate of $171.7 million.

• Average daily bookings per average DAU (ABPU) increased from $0.055 in the third quarter of 2013 to $0.073 in the third quarter of 2014, up 34% year-over-year. On a consecutive quarter basis, ABPU was up 8% from $0.067 in the second quarter of 2014.
• Monthly Unique Payers (MUPs) in the third quarter of 2014 were 1.3 million, compared to 1.6 million in the third quarter of 2013. On a consecutive quarter basis, MUPs were down 19% from 1.7 million in the second quarter of 2014.
• Daily active users (DAUs) in the third quarter of 2014 were 26 million, compared to 30 million in the third quarter of 2013. On a consecutive quarter basis, DAUs were down 9% from 29 million in the second quarter of 2014. Web DAUs and Mobile DAUs were 8 million and 18 million in the third quarter of 2014, respectively.
• Monthly active users (MAUs) in the third quarter of 2014 were 112 million, compared to 133 million in the third quarter of 2013. On a consecutive quarter basis, MAUs were down 14% from 130 million in the second quarter of 2014. Web MAUs and Mobile MAUs were 38 million and 74 million in the third quarter of 2014, respectively.
• Monthly unique users (MUUs) in the third quarter of 2014 were 77 million, compared to 97 million in the third quarter of 2013. On a consecutive quarter basis, MUUs were down 13% from 89 million in the second quarter of 2014.

It sees Q4 revenue of $170-$200 million vs consensus of $191.8 million.

Additional Guidance

• Net loss is projected to be in the range of $51 million to $34 million
• Net loss per share is projected to be in the range of $0.06 and $0.04, based on a share count projected to be approximately 894 million shares
• Bookings are projected to be in the range of $183 million to $213 million
• Adjusted EBITDA is projected to be in the range of $9 million to $29 million
• Non-GAAP earnings (loss) per share is projected to be in the range of ($0.01) to $0.01, based on a share count projected to be in the range of approximately 894 million to 929 million shares

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

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