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Zynga Q2 financial results is best mobile revenue in company history

Zynga’s financial turnaround and transition to become a full-on mobile publisher would appear to be complete, as the company’s second quarter fiscal report has revealed its best ever mobile revenue and bookings since Zynga was founded in 2007. In Q2, Zynga easily beat guidance with total revenue of $306 million, with mobile generating $287 million, up 49% year-over-year. Mobile bookings came in at $358 million, up 69% year-over-year. Mobile accounted for 94% of total revenue versus 89% a year ago and 95% of total bookings versus 90% in Q2 2018.

Both Zynga’s revenues and bookings were ahead of Wall Street estimates, and the stock is up around 1 percent in after-hours training. Investors are likely pleased to see that the developer has a lot of diversity in its strategy in the moment. Empires & Puzzles and Merge Dragons both hit record revenues during Q2. The long-running hit Words With Friends had its best Q2 for mobile revenue and bookings ever. And other familiar Zynga brands, like CSR2, Zynga Poker, and Hit It Rich Slots are all growing as well.

Zynga's DAUs grew just 1% year over year and its MAUs declined 10% year over year despite the addition of games  Empires & Puzzles and Merge Dragons! as performance drivers. The relatively uninspiring DAU and MAU numbers stemmed from declines for legacy franchises Zynga Poker and Words With Friends. However, Zynga Poker performed ahead of company expectations, Words With Friends posted its best-ever second-quarter revenue on mobile, and overall results combined with some promising business moves overshadow the less-than-thrilling user stats.

As much as Zynga is now laser-focused on mobile, the company actually considers itself to be platform agnostic, Chief Operating Officer Matt Bromberg explained to GameDaily in a phone interview today. Zynga needs to be prepared for the future, and that future is likely to mean gaming anywhere, without restriction. Cloud gaming, subscription and streaming are changing the landscape. Stay tuned to 5mmo.com and we will be the first one to inform you all the latest. Besides, our website also offer Cheap Zynga Chips for players.