Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
October 22, 2019
arrowPress Releases

If you enjoy reading this site, you might also want to check out these UBM Tech sites:

Zynga sees earnings rise for the second quarter in a row

Zynga sees earnings rise for the second quarter in a row

November 7, 2017 | By Alex Wawro

Social and mobile game company Zynga reported earnings for the third quarter of its fiscal year today, and the numbers look good: revenue and profits were up year-over-year, thanks in large part to the company's "forever franchises" like Words with Friends and Zynga Slots.

Notably, Zynga claims that the $224.6 million in (GAAP) revenues brought in during the quarter was above its forecast and the best it's generated "in over four years." The company reported a profit of $18.1 million on that revenue, which also beat its projects and seems much better than the $41.7 million loss it reported during the same period last year.

This is the second quarter in a row that Zynga has reported a profit, which is significant when you consider that the company had been reporting significant losses for quite some time. As it did during the last quarter, the company chalks up its turnaround to strong performance by its mobile games: 87 percent of its revenue now comes from mobile, especially long-running games like Zynga Poker, Words with Friends and CSR Racing 2.

To expand its foothold in mobile games, Zynga noted in its earnings report that it has made a $100 million cash deal to buy a chunk of Istanbul-based Peak Games: specifically, the studio's mobile card and board game business. Thus, Peak games like Gin Rummy Plus and Spades Plus will become part of Zynga's portfolio once the deal passes final muster.

Furthermore, Zynga says it has plans to develop and release more "Action Strategy", "Casual", and "Invest Express" (think: FarmVille) games in the months ahead, even as it launches Words with Friends 2 this week. The company is also touting a deepening focus on mobile augmented-reality projects, noting in its letter to investors that it will be adding an AR component to CSR Racing 2 this month that will allow players to superimpose virtual cars onto the real world.

"With respect to AR, we’re excited by how it’s captured the imagination of gamers around the world," reads an excerpt of the letter. "Apple’s ARKit and Google’s ARCore will allow the teams at Zynga to create innovative new augmented reality experiences."

Related Jobs

Deep Silver Volition
Deep Silver Volition — Champaign, Illinois, United States

University of Utah
University of Utah — Salt Lake City, Utah, United States

Assistant Professor (Lecturer)
HB Studios
HB Studios — Lunenburg/Halifax, Nova Scotia, Canada

Experienced Software Engineer
Bit Fry Game Studios, Inc.
Bit Fry Game Studios, Inc. — Portsmouth, New Hampshire, United States

Gameplay Engineer

Loading Comments

loader image