LONDON, UK / ACCESSWIRE / December 21, 2017 / Active-Investors.com has just released a free earnings report on Zynga Inc. (NASDAQ: ZNGA). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ZNGA . The Company posted its financial results on November 07, 2017, for the third quarter of the fiscal year 2017. The San Francisco, California-based Company?s revenues rose 23% y-o-y, while its booking grew 9% during the reported quarter. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Earnings Highlights and Summary

During Q3 FY17, Zynga reported total revenues of $224.60 million, which came in above the $182.42 million recorded at the end of Q3 FY16. The Company?s quarterly total revenue numbers topped Wall Street?s expectations of $209.8 million. Furthermore, online game revenue rose to $175.25 million in Q3 FY17 from $134.25 million in Q3 FY16. The Company?s advertising and other revenues grew to $49.34 million in Q3 FY17 from $48.17 million in Q3 FY16.

The developer of ?FarmVille? and other online games reported a net income of $18.09 million, or $0.02 per diluted common share, in Q3 FY17 versus a net loss of $41.74 million, or $0.05 per diluted common share, in the prior year?s same quarter; The reported earnings per share (EPS) was in-line with market analysts? expectations of $0.02 per diluted share.

Operating Metrics

For Q3 FY17, Zynga?s cost of revenue was $65.91 million compared to $62.68 million in Q3 FY16. The Company spent $60.97 million on research and development (R&D) in Q3 FY17, lower than the $73.91 million recorded in Q3 FY16. The Company?s sales and marketing (S&M) costs increased to $53.94 million in Q3 FY17 from $49.80 million in Q3 FY16. Furthermore, Zynga?s general and administrative (G&A) expenses were $23.83 million in Q3 FY17 versus $21.66 million in the last year?s comparable quarter.

Zynga reported income from operations of $19.95 million in Q3 FY17 versus a loss from operations of $46.30 million in the year ago corresponding quarter. Moreover, the Company?s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) came in at $44.59 million for the reported quarter compared to $3.58 million in Q3 FY16.

Segment Performance

During Q3 FY17, Zynga?s Mobile segment?s revenues came in at $194.39 million, up 33% from $145.91 million in the previous year?s same quarter. Mobile bookings were $186.54 million during Q3 FY17, up 15% from $162.32 million in Q3 FY16. Moreover, average mobile DAUs grew 19% to 19 million y-o-y in Q3 FY17.

The Company?s Advertising segment?s revenues were $46.35 million for the reported quarter compared to $47.00 million in Q3 FY16. Advertising bookings were $45.58 million during Q3 FY17 versus $48.59 million in Q3 FY16.

Cash Flow and Balance Sheet

During the three months ended September 30, 2017, Zynga generated $35.09 million of cash from operations versus $21.03 million in the previous year?s comparable period. Free cash flow increased to $32.35 million in Q3 FY17 from $18.36 million in Q3 FY16. Furthermore, the Company had cash and cash equivalents of $517.26 million as on September 30, 2017, versus $852.47 million as on December 31, 2016.

Stock Performance Snapshot

December 20, 2017 - At Wednesday?s closing bell, Zynga?s stock slightly dropped 0.25%, ending the trading session at $3.96.

Volume traded for the day: 4.47 million shares.

Stock performance in the last three-month ? up 2.33%; previous six-month period ? up 9.39%; past twelve-month period ? up 47.21%; and year-to-date ? up 54.09%

After yesterday?s close, Zynga?s market cap was at $3.41 billion.

The stock is part of the Technology sector, categorized under the Multimedia & Graphics Software industry.

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