Zynga reported its fourth quarter financial performance today after the bell, including revenue of $192.5 million and earnings per share of $0.00. Investors had expected the company to earn $0.00 on revenue of $201.11 million. The company’s flat earnings per share is based on adjusted profit. Using normally accepted accounting methods, Zynga lost $45.13 million, or $0.05 per share. In… Read More
Zynga reported its fourth quarter financial performance today after the bell, including revenue of $192.5 million and earnings per share of $0.00. Investors had expected the company to earn $0.00 on revenue of $201.11 million. The firm also reported bookings in the quarter of $182.4 million.
The company’s flat earnings per share is based on adjusted profit. Using normally accepted… Read More
Prepare to feel old: Words With Friends just turned five.
To celebrate the milestone, Zynga is rolling out the game’s biggest update yet: a whole new app that comes with a dictionary, stat-tracking features and an offline mode.
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The biggest addition to the game, a new single-player mode called Solo Play, was also one of the most requested from users, according to the company. Solo Play allows players to play games with an opponent and while offline. The new single player mode adjusts to your skill level so offline games will always be challenging Read more…
Three former Zynga developers have raised $2.5 million to build out their new gaming studio, JuiceBox Games, on the back of the release of their first gaming title HonorBound. With 3 million downloads and counting, JuiceBox’s first game is already generating revenue for the company. The game is ranked 94 on the list of top-grossing apps with a daily revenue estimate of $14,726 and… Read More
Zynga is announcing a new addition to its board of directors — Regina E. Dugan, vice president of engineering and head of the Advanced Technology and Projects group at Google.
In a memo sent to the company’s employees, CEO Don Mattrick said Dugan will be “a true catalyst for creative thinking at Zynga.” As highlighted at the recent Google I/O developer conference… Read More
YoVillians rejoice; your kingdom is saved. Players of the social virtual world game will be excited to hear that their play can continue as YoVille, which was acquired by Zynga a few years ago, will not be shuttered as planned. Instead, it is now the wholly owned property of London, ON-based Big Viking Games, and will be transferred completely (with all game history and profile details intact) to… Read More
Zynga founder Mark Pincus is leaving his role as chief product officer at the mobile gaming company and relinquishing his last link to the company’s day-to-day operations.
The news came as Zynga announced mixed first-quarter earnings. The company reported a loss of $0.01 per share, in line with expectations, and revenue of $161 million that beat estimates.
Zynga shares rose 5% in after-hours trading.
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Along with the company’s earnings release, Zynga announced that founder Marc Pincus would be stepping down from any operational duties and ceding his chief product officer title today. The company said that Pincus, who started the social gaming company in 2007, will remain Chairman of the Board. Read More
This afternoon following the bell, Zynga reported its calendar first-quarter financial performance including revenue of $168 million, bookings (non-GAAP) of $161 million, and earnings per share of -$0.01 (non-GAAP). Analysts had expected the company to report top line of $164 million, and a single cent per-share loss. That revenue figure is a decline of 36 percent from the year-ago quarter. The… Read More
Today after the bell, Zynga announced that its CFO and CAO Mark Vranesh will depart the firm after six years, and that David Lee will assume both roles effective April 14. Vranesh will help out for a month to, in the words of Zynga, “ensure a seamless transition.” Read More