Zynga Q1 2019 Results – Revenue Grows With Huge Plans for the Future

Zynga Q1 2019 Results – Revenue Grows With Huge Plans for the Future

5 years ago
Anonymous $9jpehmcKty

https://wccftech.com/zynga-q1-2019-results/

Zynga (NASDAQ:ZNGA) is a company that, not long after going public, looked like it could have been a sizeable loss for early investors. With a seeming inexorable link to Facebook in its early days, thanks to their core title of Farmville, what started as a listing of $10 rose to a peak of $14.69 following the IPO of Facebook. The following years weren’t so kind, with the shares plummeting, ties with Facebook being broken and the market, in general, being difficult.

However, what has been a slow, planned turnaround over the previous four years seems to be taking hold. Driven by acquisitions and what are considered ‘Forever Franchises’, of which two were acquired last year, Zynga has posted revenues of $265 million, with net bookings $359m.

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