Print Edition - 2019-02-08 | MONEY
Zynga bookings beat estimates as turnaround takes hold
- news digest
Feb 8, 2019-
Zynga Inc on Wednesday forecast quarterly bookings above analysts’ estimates after beating expectations for the fourth quarter, suggesting that the game developer was benefiting from its mobile push. The company had once thrived on the popularity of its Facebook-based “Farmville” game, but hit a rough patch after gamers ditched their desktops for mobile phones. As part of its mobile-focused strategy, Zynga has snapped up several smaller game makers including Gram Games and the card and board games studio of Peak Games. “We are no longer looking at fixing things, we are now focussed on growing things,” Chief Executive Officer Frank Gibeau told Reuters.
Published: 08-02-2019 13:36