Zynga Announces Second Quarter 2015 Financial Results
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UPDATE: Benchmark Upgrades Zynga (ZNGA) to Buy
August 7, 2015 8:02 AM EDT(Updated - August 7, 2015 8:27 AM EDT)
Benchmark upgraded Zynga (NASDAQ: ZNGA) from Hold to Buy with a price target of $2.93. The change follows Q2 results. Analyst Mike Hickey said he was encouraged by its cost reduction program and pipeline, among other positives.
"While the... More
Zynga (ZNGA) Adds EA's Gibeau as Director
August 6, 2015 4:05 PM EDTZynga (NASDAQ: ZNGA) announced that Frank Gibeau, former Executive Vice President at Electronic Arts Inc. (Nasdaq: EA), has joined the company's Board of Directors. Gibeau is an entertainment and gaming industry veteran who has spent nearly 25 years developing and publishing mainstream mobile, PC and console gaming franchises.
"Zynga has the products, the people and the powerful plan needed to make its mission to connect the world through games a reality," said Frank Gibeau. "Mark's uncompromising passion for Zynga and commitment to social games is unparalleled. I... More
Zynga (ZNGA) Tops Q2 EPS by 1c; Issues Light Q3 Outlook
August 6, 2015 4:04 PM EDTZynga (NASDAQ: ZNGA) reported Q2 EPS of ($0.01), $0.01 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $199.9 million versus the consensus estimate of $156.84 million.
Financial Results
Bookings of $174 million; above high end of the guidance rangeAdjusted EBITDA of $1 million; above the high end of the guidance rangeMobile bookings now represent 66% of... More