Zynga Beats On Earnings And Stock Rockets Up 16%

Mark pincus and don mattrick new ceo of zyngaZyngaZynga’s former CEO Mark Pincus (left) and current CEO Don Mattrick.

Zynga’s earnings for last quarter are out. It’s a beat and the stock is up about 16% after hours.

This will be earnings for the first quarter under the company’s new CEO Don Mattrick. Mattrick used to be the head of Microsoft’s Xbox business, but left for Zynga when Microsoft restructured its executive team.

Zynga also announced a new COO today, Clive Downie. He used to work at a Japanese gaming company called DeNA West.

Anyway, here are the numbers:

  • $152 million revenue
  • $0.02 loss per share
  • 30 million daily active users

So yes, Zynga posted a loss, but the loss wasn’t as bad as analysts were expecting. Analysts expected a $US0.04 per share loss and $US143 million in revenue. That’s why the stock is booming right now.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

moneygame sai-us zynga