Zynga reports first-quarter revenue up 2%

Finance News

Zynga today released financial results for the first quarter ended March 31, 2022.

In Q1, the company achieved revenue of US$691 million, up two per cent year-over-year, and quarterly bookings of US$695 million, down three per cent year-over-year. (US$1 = RM4.382)

Meanwhile, online game or user pay revenue was US$538 million, down three per cent year-over-year, and user pay bookings were US$528 million, down 11 per cent year-over-year. 

Advertising & other revenue was a Q1 record of US$154 million, up 24 per cent year-over-year, and advertising & other bookings reached its highest Q1 performance of US$167 million, up 35 per cent year-over-year.

Average mobile daily active users (DAUs) were 40 million, up three per cent year-over-year, and average mobile monthly active users (MAUs) were 209 million, up 27 per cent year-over-year. Mobile average bookings per mobile DAU (ABPU) of US$0.190 were down six per cent year-over-year.

For Profitability & Cash Flow: Net loss was US$25 million, compared to a net loss of US$23 million in the year-ago quarter, and Adjusted EBITDA was US$144 million, up US$21 million year-over-year.

“We started off 2022 with a strong quarterly performance, achieving our highest ever Q1 advertising revenue and bookings led by our hyper-casual portfolio,” said Frank Gibeau, CEO of Zynga. “Through continued execution across all aspects of our multi-year growth strategy including live services, new game development and investments in our advertising platform, new markets and technologies, we are strengthening our position as a leading mobile-first, free-to-play live services company.”