Shares of Zynga, Inc. (ZNGA) tanked 15.8% in the extended trading session on Thursday after the mobile games developer reported lower-than-expected Q2 earnings. Q2 revenues soared 59% year-on-year to $720 million and surpassed the consensus mark of $713 million. The top line was supported by 51% year-over-year growth in revenues from online games and more than double advertising income. Earnings came in at $0.02 per share against a loss of $0.16 per share in the year-ago quarter. However, it lagged the Street’s estimates of $0.09. The company reported average mobile daily active users (DAUs) of 41 million in Q2, up 87% year-over-year.
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Zynga (NASDAQ:ZNGA)
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