Zynga Announces Third Quarter 2021 Financial Results

Rhea-AI Summary

Zynga Inc. (Nasdaq: ZNGA) reported strong Q3 2021 results, surpassing guidance with record revenue and bookings, mainly driven by the success of Rollic's hyper-casual games. The company is raising its full-year revenue, bookings, and profitability guidance, poised to achieve its best annual performance and largest mobile audience in history. Multiple growth catalysts are set to drive continued expansion into 2022 and beyond, as stated by CEO Frank Gibeau.

Positive

• Record Q3 revenue and bookings exceeding guidance.
• Raised full-year 2021 guidance for revenue and profitability.
• On track for best-ever annual performance and largest mobile audience.
• Multiple growth catalysts identified for future expansion.

Negative

• None.

• Results Ahead of Guidance Including Record Q3 Revenue and Bookings
• Raises Full Year 2021 Revenue, Bookings and Profitability Guidance
• On Track to Finish 2021 with Zynga’s Best-Ever Annual Topline Performance and Largest Audience in Company History
• Multiple Growth Catalysts in Place to Drive Continued Expansion in 2022 and Beyond

SAN FRANCISCO--(BUSINESS WIRE)-- Zynga Inc. (Nasdaq: ZNGA) today released financial results for its third quarter ending September 30, 2021 by posting management’s Q3 2021 Quarterly Earnings Letter to its Investor Relations website. Please refer to the attached Quarterly Earnings Letter or visit http://investor.zynga.com/financial-information/quarterly-results.

“We delivered strong quarterly results ahead of guidance, including record Q3 revenue and bookings primarily driven by another standout quarter from Rollic’s hyper-casual portfolio,” said Frank Gibeau, Chief Executive Officer of Zynga. “Today, we are raising our full year 2021 guidance and are on track to finish the year with Zynga’s best-ever annual topline performance and the largest mobile audience in the company’s history. We are well positioned for 2022 and beyond with multiple growth catalysts in place to drive our continued expansion.”

Zynga management will also host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today to discuss the company’s results. Questions may be asked on the call and Zynga will respond to as many questions as possible.

The conference call can be accessed at http://investor.zynga.com – a replay of which will be available through the website after the call – or via the below conference dial-in number:

• Toll-Free Dial-In Number: (800) 537-0745
• International Dial-In Number: (253) 237-1142
• Conference ID: 7239807

About Zynga Inc.

Zynga is a global leader in interactive entertainment with a mission to connect the world through games. With massive global reach in more than 175 countries and regions, Zynga has a diverse portfolio of popular game franchises that have been downloaded more than four billion times on mobile including CSR Racing™, Empires & Puzzles™, Golf Rival™, Hair Challenge™, Harry Potter: Puzzles & Spells™, High Heels!™, Merge Dragons!™, Merge Magic!™, Queen Bee™, Toon Blast™, Toy Blast™, Words With Friends™ and Zynga Poker™. With Chartboost, a leading mobile advertising and monetization platform, Zynga is an industry-leading next-generation platform with the ability to optimize programmatic advertising and yields at scale. Founded in 2007, Zynga is headquartered in California with locations in North America, Europe and Asia. For more information, visit www.zynga.com or follow Zynga on Twitter, Instagram, Facebook or the Zynga blog.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those statements relating to, among other things: Zynga’s current and future operations and initiatives, including potential for future growth in our business and player base. Forward-looking statements often include words such as “projected,” “planned,” “intend,” “will,” “anticipate,” “believe,” “target,” “expect,” and statements in the future tense are generally forward-looking. These forward-looking statements are not guarantees of future performance and reflect management’s current expectations. The achievement or success of the matters covered by such forward-looking statements involves significant risks, uncertainties, and assumptions, and our actual results could differ materially from those predicted or implied. Undue reliance should not be placed on such forward-looking statements, which are based on information available to us on the date hereof. We assume no obligation to update such statements. More information about these risks, uncertainties, and assumptions and factors that could cause actual results to differ are or will be described in greater detail in our public filings with the Securities and Exchange Commission (the “SEC”), copies of which may be obtained by visiting our Investor Relations website at http://investor.zynga.com or the SEC’s web site at www.sec.gov.

Editor’s Note:

To download Zynga’s B-roll footage and key art for its games, please visit: https://bit.ly/ZyngaQ321

View source version on businesswire.com: https://www.businesswire.com/news/home/20211108005405/en/

Investor Relations:

Rebecca Lau

Investors@zynga.com



Media Relations:

Kenny Johnston

Press@zynga.com

Source: Zynga

FAQ

What were Zynga's Q3 2021 financial results?

Zynga reported record Q3 revenue and bookings, exceeding guidance.

What guidance did Zynga raise for 2021?

Zynga raised its full-year 2021 revenue and profitability guidance.

How is Zynga positioned for future growth?

Zynga has multiple growth catalysts in place to drive expansion into 2022 and beyond.

What did CEO Frank Gibeau say about Q3 results?

CEO Frank Gibeau highlighted strong quarterly results and the potential for best-ever annual performance.