Zynga ended the quarter better than expected
Zynga has reported financial results for the 1st quarter of 2018. The California company’s revenues have grown and it has made a profit despite the pessimistic forecast.
In the first 3 months of 2018, Zynga earned $208 million, 7% more than a year earlier.
The company’s net profit was $5.6 million, although the financial forecast promised 5 million losses. For comparison, in the first quarter of 2017, the company suffered losses of $9.5 million.
At the same time, GAAP and non-GAAP operating expenses decreased by 2% and 1%, respectively.
Zynga mobile business performance in Q1 2018
- mobile revenues reached $183 million (+13% compared to last year);
- mobile DAU amounted to 23 million players (+24%).
Zynga’s online games accounted for $162 million.
The largest share of this amount among the company’s franchises was generated by social slots.
Zynga Online Gaming Revenue in Q1 2018, ZyngaZynga advertising business indicators in the 1st quarter of 2018
- advertising revenue increased to $44.8 million (+12% compared to last year);
- advertising earned 22% of Zynga’s total quarterly revenue.
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