Zynga reports Q4 bookings of $727M, up 4%
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Zynga reported fourth-quarter earnings that showed it continues to grow its mobile social game business. The results beat the company’s guidance for bookings and revenues.
Take-Two announced in January that it was acquiring Zynga for an enterprise value of $12.7 billion, a big premium above its trading price. It’s one of the biggest deals in gaming history, though it was dwarfed by January’s announcement that Microsoft would buy Activision Blizzard for $68.7 billion.
San Francisco-based Zynga’s revenue was $695 million for the fourth quarter, up 13% year-over-year; and bookings were $727 million, up 4% year-over-year.
In after-hours trading, Zynga’s stock price is flat at $9.17 a share.
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“Our strong Q4 results capped off our record 2021 performance where we delivered our highest annual revenue and bookings ever, while reaching the largest mobile audience in Zynga history,” said Frank Gibeau, CEO of Zynga, in a statement. “I am proud of our team’s execution across all aspects of our growth strategy including live services, new game development and investments in our advertising platform, new markets and technologies to solidify Zynga as a leading mobile-first, free-to-play live services company.”
Zynga won’t be doing an analyst call because of the pending acquisition.
The door is still open for anyone to come up with a higher bid for Zynga. But it’s interesting to see one of gaming’s biggest acquirers get acquired. That tells you the financial stakes that we are in as gaming’s
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