Zynga Inc on Wednesday forecast bookings above Wall Street expectations after be...
'CSR Racing 2', "Empires & Puzzles" fuel Zynga's bookings, shares rise - Zynga Inc on Wednesday forecast bookings above Wall Street expectations after beating first-quarter estimates, powered by demand for its games such as “CSR Racing 2”, as well as acquired franchises like “Empires & Puzzles”.
Zynga, once known for its Facebook-based desktop games such as “Farmville”, has been focusing on mobile-centric games and on acquisitions of smaller studios such as Gram Games, Small Giant Games and the card and board games studio of Peak Games to power growth. The company said the raised guidance put it on track to deliver the strongest annual revenue since 2012 and highest bookings in its history.
Zynga posted first-quarter bookings of $359 million, beating estimates of $326.6 million, according to IBES data from Refinitiv.
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