Strong second quarter results reported ahead of forecast with record quarterly ad revenue and bookings
Record second quarter operating cash flow generated in the second quarter of $ 161 million, up 11% year-on-year
Acquisition of Chartboost, a leading mobile advertising and monetization platform, closed
Deal to Acquire China-Based StarLark, Golf Rival Developer Announced
SAN FRANCISCO, August 05, 2021– (BUSINESS WIRE) – Zynga Inc. (Nasdaq: ZNGA) today released its financial results for the first quarter ended June 30, 2021, by publishing the Quarterly Income Letter for the second quarter of 2021, issued by management on the Investor Relations website. See attached Quarterly Income Letter or go to http://investor.zynga.com/financial-information/quarterly-results.
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ZYNGA ANNOUNCES SECOND QUARTER 2021 FINANCIAL RESULTS (Graphic: Business Wire)
“We completed a strong first half of 2021, delivering second quarter results ahead of our forecast, including our improved second quarter revenue, reserves and operating cash flow. Our multi-year strategy of developing our live services, launching new games and investing in global expansion continues to position Zynga for growth, “said Frank Gibeau, CEO of Zynga. “Today, we are pleased to officially welcome the Chartboost team to Zynga and announce an agreement to acquire China-based StarLark, the talented developers in charge of the successful Golf Rival mobile franchise.”
Zynga management will also host a conference call today at 2:00 PM Pacific Time (5:00 PM ET) to discuss the company’s results. Inquiries are possible during the conference call and Zynga will answer as many inquiries as possible.
The conference call can be accessed at http://investor.zynga.com and a replay of the conference call will be available on the website after completion, or by dialing the number below:
Toll Free Access Number: (800) 537-0745
International dial-up number: (253) 237-1142
Conference ID: 5929717
About Zynga Inc.
Zynga is a global leader in interactive entertainment with a mission to connect the world through games. With a 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 devices, including CSR Racing ™, Empires & Puzzles ™. , 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 performance 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 on the Zynga blog.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to: Zynga’s current and future operations and initiatives, including the potential for future growth of our company; the ability to achieve the anticipated benefits from the acquisition of Chartboost, Inc. (“Chartboost”), our projections regarding future financial and operating performance, and our ability to compete effectively in the global advertising industry; and the proposed acquisition of Beijing StarLark Technology Co., Ltd. (“StarLark)”, the Golf Rival mobile game franchise and other related games, intellectual property, business records and other specified assets and liabilities, including our ability to achieve the anticipated benefits of the acquisition and leverage Zynga’s platform and capabilities to drive further growth. Forward-looking statements sometimes include words such as “projected”, “planned”, “intends”, “will”, “anticipates”, “believes”, “addresses”, “expects” and those statements that contain future verb tense are for generally considered forward-looking statements. These forward-looking statements are not guarantees of future performance and reflect the current expectations of management. 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 anticipated or implied. No undue reliance should be placed on such forward-looking statements, which are based on information available to us as of the date mentioned in this document. We do not undertake any obligation to update such statements. Factors that could cause actual results to differ include: our ability to effectively integrate Chartboost and achieve the expected benefits of the transaction; the impact of the acquisition on Zynga and Chartboost’s business and operating results and our ability to maintain relationships with business partners; satisfaction of the StarLark transaction closing conditions and our ability to close the transaction on time; our ability to effectively integrate and achieve the expected benefits from the StarLark acquisition and related transactions; the risks of litigation or regulatory measures related to these transactions; and our ability to compete effectively in the mobile gaming and advertising industries. More information about these risks, uncertainties and assumptions and additional factors that could cause actual results to differ may or may be found in our public filings with the Securities and Exchange Commission (SEC), copies of which are available at Access our Investor Relations website at http://investor.zynga.com or the SEC website at www.sec.gov.
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