Zynga (ZNGA) Misses Q1 EPS by 3c, Revenue Beats, Cuts Workforce, Q2 Rev. Guidance Beats

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Go back to Zynga (ZNGA) Misses Q1 EPS by 3c, Revenue Beats, Cuts Workforce, Q2 Rev. Guidance Beats

Zynga Announces First Quarter 2015 Financial Results

May 6, 2015 4:04 PM EDT

DELIVERS RESULTS ABOVE GUIDANCE RANGE WITH $167.4M IN BOOKINGS AND $2.1M IN ADJUSTED EBITDA

ANNOUNCES $100M COST REDUCTION PROGRAM

LAUNCHES FIRST MOBILE ACTION STRATEGY GAME, EMPIRES & ALLIES, WORLDWIDE

SAN FRANCISCO, May 6, 2015 (GLOBE NEWSWIRE) -- Zynga Inc. (Nasdaq: ZNGA), a leading social game developer, today announced financial results for the first quarter ended March 31, 2015.

"In Q1, we delivered results above our guidance generating $167 million in bookings and Adjusted EBITDA of $2 million. Our Q1 results reflect the progress we have... More