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Zynga's live services continue to drive record results

Zynga's M&A activities that have seen him take the studio behind titles such as Empires & Puzzles and Merge Dragons have helped the company achieve the best revenue and bookings for the Q2 financial period. For the quarter ended June 31, 2019, California-based publishers increased revenue by 41 percent year-on-year to $ 306 million. Meanwhile, bookings increased 61 percent to $ 376 million. Overall, Zynga still saw a net loss of $ 56 million due to the acquisition of Small Giant Games and Gram Games, even though this was $ 14 million better than the guide.

After EA Mobile boss Frank Gibeau took over the role of CEO in March 2016, the company experienced nothing but the upward trajectory. The aggressive M&A approach has led the company to develop its portfolio to include Empires & Puzzles, Giant Games, Merge Dragons, Gram Games, and Natural Racing CSR Games 2 from Games. In addition, if you are in need of Cheap Zynga Poker Chips, you can visit our website 5mmo.com.

In fact, Zynga makes it very clear that in addition to organic growth, he envisions sustainable acquisitions that strengthen part of his multi-year growth strategy. In the same letter, management commented on the possibility to "invest in emerging markets, technology and platforms" as well as "opportunities to further enhance our growth through acquisitions."

Looking forward to Q3, Zynga anticipates revenues of $ 325 million, bookings of $ 380 million, and net profits of $ 250 million, including a one-time gain of $ 305 million from the sale of San Francisco's corporate headquarters. And thanks to better-than-expected performance, Zynga increased the full-year guide to $ 1.24 billion in revenue, up 37% year-on-year and up to $ 40 million from the previous guidelines. Order guidelines for $ 1.5 billion, up 55% year on year and 50 million above the original guide.

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