Zynga’s revenue grew to a record $503 million (up 46% year-over-year) in the third quarter, with bookings of $628 million (up 59%), according to its latest earnings report. It also had its best mobile daily active user (31 million) and monthly active user (83 million) numbers in six years.
But things weren’t all rosy: The company also reported a net loss of $122 million. That compares to net income of $230 million during the same period last year, though that was boosted by the sale of Zynga’s building in San Francisco. As of 4:44 p.m. Eastern, shares were down 4.9% in after-hours trading.
Before earnings were released, CEO Frank Gibeau told me that although growth has become more normal after the pandemic caused “that huge jump” in usage during the late spring and early summer, “Engagement remains elevated and monetization remains elevated. Folks that discovered mobile gaming for the first time returned to it and kept doing it.”
The company predicted further growth in Q4, with revenue up 55% to $570 million. Gibeau pointed to a “digital holiday” that could have big benefit in mobile gaming, with new mobile on the market, plus social distancing and lockdowns resulting in the fact that “a lot of folks aren’t going to be able to go to stores and buy gifts.”
During the third quarter, Zynga also closed its acquisition of Istanbul-based hyper-casual game publisher Rollic. Gibeau said the team is “fully integrated at this point from an operating standpoint,” but the company won’t start including Rollic in its user numbers until the next quarter.
“We are well-positioned for further M&A,” he added.
Zynga completes its acquisition of hyper-casual game maker Rollic
Zynga reports record revenue and strong user growth while still losing $122M
The Saturday night before CES seems like a less than ideal time to drop some big smartphone news — but it appears Samsung’s hand was forced on this one. Granted, the smartphone giant has never been great about keeping big news under wraps, but this morning’s early release of a promo video through its official Vimeo channel was no doubt all the motivation it needed.
The company has just made the February 11 date officially official for the launch of its upcoming flagship. As for what the flagship will be called, well, that (among other things) leaves some room for speculation. Rumors have pointed to both the more traditional S11, along with the more fascinating jump to the S20.
Say hello to a whole new Galaxy. Unpacked on February 11, 2020 #SamsungEvent pic.twitter.com/ln1pqt2vu7
— Samsung Mobile (@SamsungMobile) January 5, 2020
I’ve collated a bunch of the rumors into an earlier post. The TLDR is even larger screens across the board, coupled with a bunch of camera upgrades and a healthy battery increase. The invite art, which matches the earlier the video, appears to confirm the existence of two separate devices, with different dimensions. That could well point to the reported followup to the Galaxy Fold. In additional to better reinforced folding (a follow up to last year’s issues), the device reportedly adopts a clamshell form factor, more akin to the newly announced Motorola Razr.
More info (and rumors) to come. As ever, we’ll be there (San Francisco) as the news breaks.
Samsung confirms February 11 event for its next flagship launch
Apple’s withdrawal from an environmental ratings registry has prompted at least one city — San Francisco — to stop buying its computers.
Apple Pulls out of Environmental Ratings Registry
Apple today sent out invitations to a March 7 media event, where the company is expected to unveil the iPad3. The event will be held in the Yerba Buena Center of the Arts in San Francisco. The invitation features a picture of
Apple Sets March 7 for Next Unveiling
A judge has ordered the city of San Francisco to tone down its warnings about cell phone radiation if it wants to make retailers hand out pamphlets on the issue, calling the original materials «misleading» and «alarmist.»
San Francisco Ordered to Rewrite Cell Phone Law