Zynga’s Mobile Revenue Continues to Grow as Company Sets New Record in Q2
International gaming powerhouse Zynga is once again making headlines thanks to its glowing financial report from the second quarter of 2017 fiscal year.
Exciting Times for Zynga
The American video game developer best known for its social gaming services was founded in 2007 and is celebrating the first decade of its existence in style. The first half of 2017 fiscal year brought nothing but improvement for the company which saw its numbers go up significantly.
“We had a great first half of the year, beating our Q2 guidance on the top and bottom line and posting our best revenue and bookings performance in four years.”, Zynga chief executive Frank Gibeau said.
The most notable moment from the half-a-year financial report is the mobile revenue record which got broken for the second consecutive quarter.
The total Q2 revenue stands at $209.2 million which is a 15% rise compared to $181.7 million recorded in the same period last year. When it comes to aforementioned mobile numbers, the revenue rose up 30% on a year-on-year basis. Somewhat surprisingly, the mobile revenue accounted for no less than 86% of the overall revenue, whereas mobile bookings also registered an increase of 33%.
“We’re also pleased with our mobile momentum, and in Q2, we delivered our highest mobile user pay revenue and bookings.” Frank Gibeau added, revealing that company’s mobile audience grew by 28% compared to last year and is currently standing at whopping 19 million average mobile DAUs.
In the meantime, Zynga’s net income soared to $5.1 million during the first quarter which comes as huge boost compared to a net loss of $4.4 million registered last year. What’s more, the adjusted earnings before interest, tax, depreciation and amortization (EBITDA) pushed up by 61% to $29.9 million from $18.6 million.