07.02.2019, 12:27
Technology | Multimedia & Graphics Software | USA
Zynga proclaims ‘turnaround is now complete’ as earnings show strong bookings trend
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Zynga reported fourth-quarter net income of $559,000, less than a penny a share, on revenue of $248.7 million and bookings of $267.3 million. Analysts on average expected a roughly break-even quarter on a GAAP basis, but with revenue of $244.1 million and bookings of $259.6 million, according to FactSet. The company claimed adjusted Ebitda earnings of $37.1 million, lower than the average analyst estimate of $50.8 million, according to FactSet; Zynga did not provide an adjusted per-share earnings figure.
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For the full year, Zynga predicts $1.15 billion in revenue, which would be its first billion-dollar revenue total since 2012 and represent an increase of 27% from 2018. Bookings are expected to be $1.35 billion, up 39% from 2018. Analysts on average were predicting annual adjusted earnings of 19 cents a share on revenue of $1.18 billion and bookings of $1.25 billion, according to FactSet.
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https://www.marketwatch.com/story/zynga-...yptr=yahoo
![[Bild: ZNGAc1dl0526.png]](https://finviz.com/publish/020719/ZNGAc1dl0526.png)
Zynga proclaims ‘turnaround is now complete’ as earnings show strong bookings trend
...
Zynga reported fourth-quarter net income of $559,000, less than a penny a share, on revenue of $248.7 million and bookings of $267.3 million. Analysts on average expected a roughly break-even quarter on a GAAP basis, but with revenue of $244.1 million and bookings of $259.6 million, according to FactSet. The company claimed adjusted Ebitda earnings of $37.1 million, lower than the average analyst estimate of $50.8 million, according to FactSet; Zynga did not provide an adjusted per-share earnings figure.
...
For the full year, Zynga predicts $1.15 billion in revenue, which would be its first billion-dollar revenue total since 2012 and represent an increase of 27% from 2018. Bookings are expected to be $1.35 billion, up 39% from 2018. Analysts on average were predicting annual adjusted earnings of 19 cents a share on revenue of $1.18 billion and bookings of $1.25 billion, according to FactSet.
...
https://www.marketwatch.com/story/zynga-...yptr=yahoo