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Feb. 11, 2021, 8:04 a.m. EST

Zynga’s game is on: Record sales and bookings push stock up 5%

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By Jon Swartz

Zynga Inc.’s stock climbed 5% in extended trading Wednesday after the gaming company reported a surge in revenue and bookings.

Zynga /zigman2/quotes/209662259/composite ZNGA +2.02% said revenue skyrocketed 52% to $616 million, though analysts polled by FactSet were expecting $679 million. Just as important, Zynga recorded quarterly bookings of $699 million, up 61% year-over-year.

“We continue to see gains from customers playing games from home,” Zynga Chief Executive Frank Gibeau told MarketWatch in a phone interview. “In an unprecedented year, we delivered the highest quarterly revenue and bookings in Zynga’s history.”

Average mobile daily active users surged 77% to 36 million as home-bound consumers looked for entertainment options during a deadly pandemic — an enduring trend that has benefited other videogaming companies such as Electronic Arts Inc. /zigman2/quotes/206954087/composite EA +1.64% , Take-Two Interactive Software Inc. /zigman2/quotes/204008930/composite TTWO +1.24% and Activision Blizzard Inc. /zigman2/quotes/200717283/composite ATVI +2.64% .

The San Francisco-based company also profited from strength in mobile live services and, in particular, the popularity of five titles — “CSR Racing 2,” “Words With Friends,” “Zynga Poker,” “Empires & Puzzles” and “Merge Dragons!”

Additionally, contributions from Rollic’s hyper-casual games portfolio and the rollout of “Harry Potter: Puzzles & Spells” helped expand Zynga’s gaming portfolio and buttressed its international audience.

Zynga shares are up 65% over the past 12 months, while the broader S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.13% is up 16% in the past year.

/zigman2/quotes/209662259/composite
US : U.S.: Nasdaq
$ 10.35
+0.21 +2.02%
Volume: 6.45M
May 18, 2021 2:09p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$11.04 billion
Rev. per Employee
$879,644
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/zigman2/quotes/206954087/composite
US : U.S.: Nasdaq
$ 139.79
+2.26 +1.64%
Volume: 1.27M
May 18, 2021 2:09p
P/E Ratio
48.82
Dividend Yield
0.49%
Market Cap
$39.56 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204008930/composite
US : U.S.: Nasdaq
$ 170.31
+2.09 +1.24%
Volume: 1.35M
May 18, 2021 2:09p
P/E Ratio
39.77
Dividend Yield
N/A
Market Cap
$19.38 billion
Rev. per Employee
$532,581
loading...
/zigman2/quotes/200717283/composite
US : U.S.: Nasdaq
$ 94.74
+2.44 +2.64%
Volume: 3.47M
May 18, 2021 2:09p
P/E Ratio
31.91
Dividend Yield
0.50%
Market Cap
$71.72 billion
Rev. per Employee
$851,474
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,157.72
-5.57 -0.13%
Volume: 1.41B
May 18, 2021 2:09p
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