Zynga Reveals Q1 2016 Earnings, Announces Ice Age Mobile Game

Zynga has revealed its earnings for Q1 2016, which saw the social and mobile game company generate $187 million in revenue in the quarter. This is a one percent increase from Q4 2015, and a two percent increase year-over-year. Zynga’s bookings were $182 million for Q1 2016, which is an eight percent increase year-over-year. Zynga said mobile now accounts for 76 percent of its overall bookings, and that its mobile audience has increased seven percent from Q4 2015. In a statement, Zynga CEO Frank Gibeau commented: It’s been a productive two months leading Zynga as CEO. I’m seeing our momentum improve as our teams continue their commitment to growing our established live franchises and demonstrate more cost and operating discipline. As a result, Q1 bookings were above the high end of our guidance range at $182 million, and Adjusted EBITDA was above our range at $11 million. Our mobile momentum continued with mobile now representing 76 percent of our total bookings, up from 73 percent from last quarter, and total mobile audience up seven percent from last quarter. Zynga has all the ingredients it needs for a successful turnaround. My priority is to bring our founding social gaming vision to life in our games and lead our teams to deliver high quality experiences for players on time and profitably. Zynga has already launched four mobile games so far in 2016, and plans to release six more mobile games before the end of the year. In its slots category, Zynga plans to launch True Vegas Slots worldwide in Q2 2016. The game is currently in soft launch in limited territories. Elsewhere, Zynga has partnered with Fox Digital Entertainment to create a match-three puzzle game based on the Ice Age franchise. The game is called Ice Age: Arctic Blast, and it will include content inspired by the upcoming film, Ice Age: Collision Course. The game is expected to release this summer, in conjunction with the release of the film in theaters. Another match-three puzzle game, Wizard of Oz: Magic Match, will leverage the company’s FarmVille: Harvest Swap engine, and is expected to launch in Q2 2016. For FarmVille fans, Zynga’s FarmVille: Tropic Escape is expected to launch worldwide later this year. The game will be similar to FarmVille 2: Country Escape, and will allow players to build a tropical-themed world. Finally, two games from Zynga's NaturalMotion team are expected to release this year. Racing game CSR2 is expected to launch worldwide in early Q3 2016, while strategy game Dawn of Titans is expected to launch worldwide in late Q4 2016. Readers: Are you excited to try any of Zynga’s upcoming mobile games?

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Zynga Reveals Q1 2016 Earnings, Announces Ice Age Mobile Game

Zynga has partnered with Fox Digital Entertainment to create a match-three game based on the Ice Age franchise.

Brandy Shaul

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