Zynga Announces First Quarter 2017 Financial Results
May 04 2017 - 4:05PM
Zynga Inc. (Nasdaq:ZNGA) has released its first quarter 2017
financial results by posting management’s Q1 2017 Quarterly
Earnings Letter on its website. Please visit
http://investor.zynga.com/results.cfm to view the letter.
An infographic accompanying this announcement is available
at
http://www.globenewswire.com/NewsRoom/AttachmentNg/12c9110c-3dd6-4de6-b616-7ad01001457c
Zynga management will also host a Q&A session at 2:30 p.m.
Pacific Time (5:30 p.m. Eastern Time) to discuss Zynga’s first
quarter 2017 performance. Questions may be asked on the call, and
Zynga will respond to as many questions as possible.
The live Q&A session can be accessed at
http://investor.zynga.com – a replay of which will be available
through the website after the call – or via the below conference
dial-in number:
- Toll-Free Dial-In Number: (800) 537-0745
- International Dial-In Number: (253) 237-1142
- Conference ID: 8421972
About Zynga Inc.
Since its founding in 2007, Zynga’s mission has been to connect
the world through games. To-date, more than 1 billion people have
played Zynga’s games across Web and mobile, including FarmVille,
Zynga Poker, Words With Friends, Hit it Rich! Slots and CSR Racing.
Zynga’s games are available on a number of global platforms
including Apple iOS, Google Android, Facebook and Zynga.com. The
company is headquartered in San Francisco, Calif., and has
additional offices in the U.S., Canada, U.K., Ireland, India and
Finland. Learn more about Zynga at http://blog.zynga.com or follow
us on Twitter and Facebook.
Contacts
Investor Relations ContactRebecca
Lauinvestors@zynga.com
Press ContactStephanie Hessshess@zynga.com
Non-GAAP Financial Measures
We have provided in this press release certain
non-GAAP financial measures to supplement our consolidated
financial statements prepared in accordance with GAAP (our “GAAP
financial statements”). Management uses non-GAAP financial measures
internally in analyzing our financial results to assess operational
performance and liquidity. Our non-GAAP financial measures may be
different from non-GAAP financial measures used by other
companies.
The presentation of our non-GAAP financial
measures is not intended to be considered in isolation or as a
substitute for our GAAP financial statements. We believe that both
management and investors benefit from referring to our non-GAAP
financial measures in assessing our performance and when planning,
forecasting and analyzing future periods. We believe our non-GAAP
financial measures are useful to investors because they allow for
greater transparency with respect to key financial measures we use
in making operating decisions and because our investors and
analysts use them to help assess the health of our business.
We have provided reconciliations of our non-GAAP
financial measures used in this press release to the most directly
comparable GAAP financial measures in the following tables. Because
of the following limitations of our non-GAAP financial measures,
you should consider the non-GAAP financial measures presented in
this letter with our GAAP financial statements.
Key limitations of our non-GAAP financial
measures include:
- Bookings does not reflect that we defer and recognize online
game revenue and revenue from certain advertising transactions over
the estimated average life of durable virtual goods or as virtual
goods are consumed.
|
|
Three Months Ended |
|
|
|
March 31, 2017 |
|
|
December 31, 2016 |
|
|
September 30, 2016 |
|
|
June 30, 2016 |
|
|
March 31, 2016 |
|
Reconciliation
of Revenue to Bookings: Mobile |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
161,613 |
|
|
$ |
154,674 |
|
|
$ |
145,906 |
|
|
$ |
138,125 |
|
|
$ |
135,667 |
|
Change in deferred
revenue |
|
|
14,508 |
|
|
|
12,387 |
|
|
|
16,413 |
|
|
|
(1,492 |
) |
|
|
3,095 |
|
Bookings:
Mobile |
|
$ |
176,121 |
|
|
$ |
167,061 |
|
|
$ |
162,319 |
|
|
$ |
136,633 |
|
|
$ |
138,762 |
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