PennyStock101
Long

Zynga rises on 80% bookings growth

NASDAQ:ZNGA   ZYNGA INC
Hopefully we can get continuation tomorrow
Earnings details Source Seeking Alpha
Zynga (NASDAQ:ZNGA) is up 4.6% postmarket, rebounding from a regular-session decline, after its Q4 earnings easily cleared bookings expectations and broke even despite consensus for a loss.

Bookings rose 62% to $433M, driven by strength in live services along with boosts from ad seasonality and yields.

Online game (user pay) bookings rose 80% to $354M. Ad revenue and bookings came to $80M.

Words with Friends and Empires & Puzzles each hit record quarters for revenue and bookings.

Operating cash flow was up 5% to $94M.

For Q1, it's guiding to bookings of $400M (up 11% Y/Y), a net loss of $26M and EBITDA of $56M.

For 2020, it's guiding to bookings of $1.75B (up 12% Y/Y) and a net loss of $130M, along with EBITDA of $200M.
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