ZNGA - ZNGA STOCK NEWS

Zynga reported a strong Q1 2022, achieving $691 million in revenue, a 2% increase YoY, and record advertising revenue of $154 million, up 24% YoY. However, bookings decreased 3% to $695 million, with a notable drop in user pay bookings, down 11%. Average mobile DAUs rose 3% to 40 million, while mobile MAUs surged 27% to 209 million. Despite a $25 million net loss, Adjusted EBITDA improved 17% to $144 million. Zynga did not provide forward guidance due to a pending acquisition by Take-Two Interactive.

Zynga Inc. (NASDAQ: ZNGA) announced the departure of Bernard Kim, President of Publishing, who will take on the role of CEO at Match Group. Kim will remain with Zynga until May 30, 2022, to aid in the transition. Zynga's CEO, Frank Gibeau, acknowledged Kim's significant contributions over the past six years, highlighting the company's growth in delivering engaging games. Zynga aims to continue its momentum as it integrates into the Take-Two family, promising an exciting future ahead.

Zynga Inc. (NASDAQ: ZNGA) will announce its first quarter 2022 financial results on May 9, 2022, at 1:05 p.m. PT (4:05 p.m. ET). The company will not hold a conference call or provide forward guidance due to its ongoing transaction with Take-Two Interactive Software, announced on January 10, 2022. Zynga is recognized as a global leader in interactive entertainment, with over four billion downloads across its popular game franchises.

Zynga has launched FarmVille 3 in Japan after its global release on November 4, 2021. The game has been localized for Japanese players, featuring over 150 breeds of adorable baby animals, customizable farms, and unique gameplay features like dynamic weather. With millions of downloads globally, the expansion aims to attract new players to one of Zynga's most iconic franchises.

Bernard Kim, President of Publishing at Zynga, expressed excitement about welcoming new users to the game.

Zynga Inc. (Nasdaq: ZNGA) has announced a cross-game collaboration between Harry Potter: Puzzles & Spells and Words With Friends 2, allowing players to engage in playful competition themed around 'Magical Mischief'. From March 21-28, 2022, players can enter the 'Mischief With Friends' sweepstakes, win exclusive prizes, and explore interactive gameplay that combines elements from both titles. This collaboration aims to enhance user engagement and strengthen player connections, aligning with ongoing events in both games.

Zynga Inc. (NASDAQ: ZNGA) announced a collaboration with Universal Games to feature high-performance cars from F9 in its mobile game CSR Racing 2. Starting on March 3, 2022, the event series will run until May 30, 2022, allowing players to race iconic vehicles like the Dodge Charger SRT Hellcat. Players who missed earlier events will have rerun opportunities. The event culminates in a chance to win a rocket-powered Pontiac Fiero. This initiative strengthens Zynga's presence in the racing game segment and engages a broader audience through a popular franchise.