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BUSINESS

Zynga declares Q1 2022 financial results with strong quarterly revenue, bookings

10/05/2022 05:32 PM

KUALA LUMPUR, May 10 (Bernama) -- Zynga Inc, a global leader in interactive entertainment with a mission to connect the world through games, has released financial results for the first quarter ended March 31, 2022.

Zynga CEO, Frank Gibeau in a statement said: “We started off 2022 with a strong quarterly performance, achieving our highest ever Q1 advertising revenue and bookings led by our hyper-casual portfolio.

“Through continued execution across all aspects of our multi-year growth strategy including live services, new game development and investments in our advertising platform, new markets and technologies, we are strengthening our position as a leading mobile-first, free-to-play live services company.”

In Q1, the company achieved revenue of US$691 million, up two per cent year-over-year, and quarterly bookings of US$695 million, down three per cent year-over-year. (US$1 = RM4.382)

Meanwhile, online game or user pay revenue was US$538 million, down three per cent year-over-year, and user pay bookings were US$528 million, down 11 per cent year-over-year. 

Advertising & other revenue was a Q1 record of US$154 million, up 24 per cent year-over-year, and advertising & other bookings reached its highest Q1 performance of US$167 million, up 35 per cent year-over-year.

Average mobile daily active users (DAUs) were 40 million, up three per cent year-over-year, and average mobile monthly active users (MAUs) were 209 million, up 27 per cent year-over-year. Mobile average bookings per mobile DAU (ABPU) of US$0.190 were down six per cent year-over-year.

For Profitability & Cash Flow: Net loss was US$25 million, compared to a net loss of US$23 million in the year-ago quarter, and Adjusted EBITDA was US$144 million, up US$21 million year-over-year.

The company had an operating cash outflow of US$203 million versus a cash outflow of US$164 million in the prior year quarter. In the quarter, it completed the final earn out payments related to the acquisitions of Small Giant Games and Rollic, totaling US$265 million.

Founded in 2007, Zynga is headquartered in California with locations in North America, Europe and Asia. More details at www.zynga.com.

-- BERNAMA


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