Zynga (ZNGA) PT Lowered to $12 at Wedbush

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Zynga (ZNGA) Announces 20M Share Offering by Selling Stockholders

November 9, 2021 4:10 PM EST

Zynga (NASDAQ: ZNGA) announces 20,009,528 share offering by selling stockholders.

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Zynga (ZNGA) Stock Up 10% on Beat-and-Raise, Analyst Sees Robust Pipeline Into FY22

November 9, 2021 8:48 AM EST

Zynga (NASDAQ: ZNGA) stock price is up about 10% in pre-open Tuesday after the company reported higher-than-expected Q3 results and raised guidance.

Zynga reported Q3 revenue of $706 million to easily beat the analyst consensus estimate of $666.66 million. Zynga also reported best-ever Q3 total bookings of $668 million, up 6% year-over-year.

For this quarter, Zynga is calling for sales of $675 million and bookings of $715 million. The company is also projecting a net loss... More