Zynga Publicizes First Quarter 2022 Financial Outcomes

Zynga Inc. (NASDAQ: ZNGA) in the present day launched monetary outcomes for the primary quarter ended March 31, 2022.

“We started off 2022 with a strong quarterly performance, achieving our highest ever Q1 advertising revenue and bookings led by our hyper-casual portfolio,” stated Frank Gibeau, CEO of Zynga. “Through continued execution across all aspects of our multi-year growth strategy including live services, new game development and investments in our advertising platform, new markets and technologies, we are strengthening our position as a leading mobile-first, free-to-play live services company.”

First Quarter 2022 Financial Summary

  • Revenue & Bookings: In Q1, we achieved income of $691 million, up 2% year-over-year, and quarterly bookings of $695 million, down 3% year-over-year. Online sport or consumer pay income was $538 million, down 3% year-over-year, and consumer pay bookings have been $528 million, down 11% year-over-year. Advertising & different income was a Q1 report of $154 million, up 24% year-over-year, and promoting & different bookings reached its highest Q1 efficiency of $167 million, up 35% year-over-year.
  • Audience Metrics: Average cellular every day energetic customers (DAUs) have been 40 million, up 3% year-over-year, and common cellular month-to-month energetic customers (MAUs) have been 209 million, up 27% year-over-year. Mobile common bookings per cellular DAU (ABPU) of $0.190 have been down 6% year-over-year.
  • Costs & Expenses: Cost of income was $252 million or 36% of income, in comparison with 38% of income within the year-ago quarter. Non-GAAP value of income was $185 million or 27% of bookings, down from 29% of bookings within the year-ago quarter. GAAP working bills have been $424 million, representing 61% of income and an enchancment from 62% within the year-ago quarter. Non-GAAP working bills of $364 million represented 52% of bookings, versus 49% within the year-ago quarter.
  • Profitability & Cash Flow: Net loss was $25 million, in contrast to a web lack of $23 million within the year-ago quarter, and Adjusted EBITDA was $144 million, up $21 million year-over-year. We had an working money outflow of $203 million versus a money outflow of $164 million within the prior yr quarter. In the quarter, we accomplished the remaining earn out funds associated to the acquisitions of Small Giant Games and Rollic, totaling $265 million.

Due to the pending transaction with Take-Two Interactive Software, Inc. (“Take-Two”) introduced on January 10, 2022, Zynga will not be internet hosting a convention name or offering ahead steerage in reference to the launch of its quarterly outcomes.

Additional data concerning the pending transaction with Take-Two is offered in a registration assertion on Form S-4 filed by Take-Two with the U.S. Securities and Exchange Commission (the “SEC”) in reference to the transaction, which features a joint proxy assertion/prospectus of Zynga and Take-Two, and all different related paperwork filed with the SEC. The registration assertion was declared efficient on April 7, 2022 and the definitive joint proxy assertion/prospectus was despatched to Zynga and Take-Two stockholders. 

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