Zynga seems to be more focused on releasing new titles
Zynga Inc. announced it would report financial results for the second quarter of 2019 on Wednesday, July 31, 2019, around 1:05 pm. Pacific Time (4:05 Eastern Time). At this time, Zynga will post Q2 2019 Quarterly Earnings Letter of management, which includes the second quarter results of 2019 and Zynga's future prospects. Zynga's management will also hold a conference call at 2:00 tonight. Pacific Time (5:00 pm Eastern Time) on Wednesday, July 31, to discuss company results. Questions can be asked by telephone and Zynga will answer as many questions as possible.
The weakest part of the video game developer revenue release was the unimpressive growth of daily active users (DAU) and a decrease for monthly active users (MAU) compared to the previous year period. However, this trend appears to be less alarming with regard to increases for company full-year bookings and revenue guidelines and confirmation that additional acquisitions are likely to be ongoing. In addition, Cheap
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With continued growth of its live services, Zynga is increasing its full year of guidance again after announcing the results of the second quarter. The company is now targeting revenues of $ 1.24 billion for 2019, an increase of $ 40 million from the company's previous guidelines representing 37% year-on-year. The ordering guide was also raised to $ 1.5 billion, up $ 50 million from the previous target, representing a 55% increase year on year.
With the rotation complete, Zynga seems to be more focused on releasing new titles than in the last few years. Investors must continue to monitor the MAU and DAU trends. The outstanding performance there in the last quarter is not very alarming at the moment, and that can be offset by more efficient monetization of the players involved, but highlights the importance of the company's upcoming game and the next acquisition step.