Zynga's daily active users on mobile climb to 15M from 13M in December
Zynga’s shares slipped nearly 6 percent in after-hours trading as the company made its first-ever earnings report as a public company. Zynga swung to a loss of $435 million on a massive $510 million stock-based compensation charge related to its December public offering.
Excluding that charge, the company beat analysts’ estimates with earnings at 5 cents a share, higher than the 3 cents a share predicted by a Bloomberg survey.
Even though Zynga beat analysts’ estimates, it looks like traders were expecting a bigger quarter-over-quarter bump in bookings.
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