The main thing from Zynga's quarterly report: revenue of $705 million and the announcement of an exclusive game for TikTok
Zynga reported a record third quarter (ended September 30) in terms of revenue and receipts. The company earned $705 million and reported an increase in the monthly active audience of its mobile titles. Zynga also talked about its ambitions in the field of blockchain games and announced an exclusive title for TikTok.
Key data
- The company’s total revenue grew by 40% year-on-year, but fell by 2.1% compared to the second quarter. Also, the revenue was 6% more than predicted.
- Receipts (bookings) amounted to $668 million — an increase of 6% in annual terms.
Zynga Quarterly revenue and Revenue figures
- 97% of the revenue came from mobile — $685 million. The share of this segment remained at the same level as in the previous few quarters.
- Advertising revenue amounted to 19% of the company’s revenues — $134 million, which is 100% more in annual terms.
- If we talk about games, 64% of the revenue came from the main hits of the company. Among them are CSR Racing, Empires & Puzzles, Merge Dragons!, Toon Blast and Toy Blast. Another 15% of revenue came from social casinos and casual card games, including Black Diamond Casino, Game of Thrones Slots Casino and Wizard of Oz Slots.
Zynga’s share of mobile revenue and revenue
- Most of the revenue ($425 million) came from the United States — an increase of 36% year-on-year. Zynga’s international revenues increased by 46% compared to the third quarter of last year.
- Zynga lost much less money than expected. Net losses amounted to $42 million — two and a half times lower than forecasts. However, it is worth noting that the company ended the second quarter with a profit of $28 million.
- The DAU of Zynga mobile games amounted to 38 million people — 22.5% more in annual terms. The MAU indicator at the same time amounted to 183 million users — an increase of 120% in annual terms.
- Average receipts per active user (ABPU) amounted to $0.188 — slightly more than in the second quarter, but 13.2% less in annual terms.
DAU and MAU of Zynga mobile titles
Game News
- In an interview with GamesBeat, Zynga CEO Frank Gibeau announced the strongest pipeline of games in the company’s history. Last week, FarmVille 3 was released, and next week Star Wars: Hunters will be released in the softlonch.
- Zynga has big plans in the field of NFT. The company has appointed Matthew Wolf, a former Coca-Cola top manager, to the position of vice president of the new direction of blockchain games. Zynga intends to develop a number of new cryptotails and implement NFT in some of its existing projects.
- The company is preparing to launch Disco Loco 3D, its first HTML5 game for the TikTok gaming platform. This is a music runner in which users need to collect various dance moves and perform challenges from friends and subscribers. According to Gibo, Zynga is not making a big bet on Disco Loco 3D yet and just wants to check how many players it can attract during the softlonch.
