Key Developments: Zynga Inc (ZNGA.O)

ZNGA.O on Nasdaq

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24 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Zynga Inc gives Q2 2014 guidance below analysts' estimates; raises FY 2014 guidance
Wednesday, 23 Apr 2014 04:04pm EDT 

Zynga Inc:Expects Q2 2014 revenue to be in the range of $140 million to $160 million.Expects Q2 2014 Net loss to be in the range of $75 million to $65 million.Expects Q2 2014 diluted net loss per share to be in the range of $0.08 to $0.07.Expects Q2 2014 adjusted EBITDA to be in the range of $10 million to $20 million.Expects Q2 2014 Non-GAAP earnings per share to be in the range of $0.00 to $0.01.Expects FY 2014 bookings to be in the range of $770 million to $810 million.Expects FY 2014 adjusted EBITDA to be in the range of $70 million to $100 million.Expects FY 2014 Non-GAAP EPS to be in the range of $0.01 to $0.03.Q2 2014 revenue of $186 million, net income of $(4.5) million, EPS of $0.00 and EBITDA of $16 million - Thomson Reuters I/B/E/S.FY 2014 revenue of $784 million, EBITDA of $91 million and EPS of $0.01 - Thomson Reuters I/B/E/S.  Full Article

Zynga Inc names David Lee as Chief Financial Officer
Thursday, 10 Apr 2014 04:04pm EDT 

Zynga Inc:Appoints David Lee as Chief Financial Officer and Chief Accounting Officer effective April 14.Lee succeeds CFO and CAO Mark Vranesh who will be leaving company.  Full Article

Personalized Media Communications enters into patent licensing agreement with Zynga Inc
Tuesday, 18 Feb 2014 09:00am EST 

Personalized Media Communications:Says it has concluded a patent licensing agreement with Zynga Inc.Says the license also draws upon the rights of the PMC portfolio consisting of 57 patents all with either 1981 or 1987 priority dates issued since 2010.These patents will not begin to expire until 2027.  Full Article

Zynga Inc completes acquisition of NaturalMotion - Form 8-K
Tuesday, 11 Feb 2014 04:32pm EST 

Zynga Inc:Says on Feb 11, it completed its previously announced purchase of all of the outstanding shares of NaturalMotion Limited, a U.K. company limited by shares, pursuant to the share purchase agreement.Says at the closing, the company paid about $391 million in cash and issued about 39.8 million shares of Zynga’s class A common stock.Says pursuant to the purchase agreement, $50 million of the cash and stock consideration was placed into an escrow fund to settle losses arising out of any inaccuracy in, or breaches of, the warranties and covenants of NaturalMotion.  Full Article

Zynga Inc seals $527 mln mobile game deal - Reuters
Thursday, 30 Jan 2014 08:47pm EST 

Zynga Inc:Zynga Inc will buy mobile game developer NaturalMotion for $527 million - Reuters.  Full Article

Zynga Inc gives Q1 2014 mixed guidance and gives FY 2014 guidance above analysts' estimates - Conference Call
Thursday, 30 Jan 2014 06:00pm EST 

Zynga Inc:Expects Q1 2014 bookings to be the range of $130-$140 mln.Expects Q1 2014 adjusted EBITDA to be the range of $5-$10 mln.Expects FY 2014 bookings to be in the range of $690-$730 mln, excluding NaturalMotion.Expects FY 2014 adjusted EBITDA to be the range of $50-$75 mln.Q1 2014 revenue of $146 mln and EBITDA of $-3.29 mln - Thomson Reuters I/B/E/S.FY 2014 revenue of $629 mln and EBITDA of $28.45 mln – Thomson Reuters I/B/E/S.  Full Article

Zynga Inc to trim workforce by 15 pct - Reuters
Thursday, 30 Jan 2014 04:15pm EST 

Zynga Inc:Says it would reduce its workforce by 15 percent and implement an expanded cost reduction plan in a bid to regain its financial footing - Reuters.Says it is expected to cut about 314 jobs.  Full Article

Zynga Inc Issues Q4 2013 Revenue Guidance Above Analysts' Estimates; Issues Q4 2013 Earnings Guidance; EPS Guidance Below Analysts' Estimates
Thursday, 24 Oct 2013 04:05pm EDT 

Zynga Inc announced that for the fourth quarter of 2013, it expects revenue to be in the range of $175 million to $185 million. Net loss is projected to be in the range of ($31) million to ($21) million. Diluted net loss per share is projected to be in the range of ($0.04) to ($0.03). Adjusted EBITDA is projected to be in the range of ($25) million to ($15) million. Non-GAAP EPS is projected to be in the range of ($0.05) to ($0.04). According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $148 million, net income of $(21) million and non-GAAP EPS of $(0.03) for the fourth quarter of 2013.  Full Article

Zynga Inc Issues Q3 2013 Guidance; Earnings Guidance Below Analysts' Estimates
Thursday, 25 Jul 2013 04:06pm EDT 

Zynga Inc announced that for the third quarter of 2013, it expects revenue to be in the range of $175 million to $200 million, Net loss to be in the range of ($43) million to ($14) million, EPS to be in the range of ($0.05) to ($0.02), adjusted EBITDA to be in the range of ($30) million to breakeven and Non-GAAP EPS to be in the range of ($0.09) to ($0.05). According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $193 million, net income of $(12.5) million, EBITDA of $10.8 million and non-GAAP EPS of $(0.02) for the third quarter of 2013.  Full Article

Zynga Inc Names Don Mattrick Chief Executive Officer
Monday, 1 Jul 2013 04:00pm EDT 

Zynga Inc announced that the Company has appointed Don Mattrick as Chief Executive Officer and a member of the Board of Directors, effective July 8, 2013.  Full Article

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Zynga's Pincus withdraws from operations amid turnaround

SAN FRANCISCO - Zynga Inc co-founder Mark Pincus is relinquishing the last of his operational duties at the social gaming company starting on Wednesday and retreating to an advisory role as Chief Executive Officer Don Mattrick pushes through a restructuring plan.

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