Zynga Inc.


SKU: ZNGA-1 Category:


Zynga had a decent quarterly performance with broad-based strength in live services and advertising revenues. The company’s Rollic acquisition was a major contributor to the top-line as Rollic’s hyper-casual portfolio of games including Toon Blast, Harry Potter: Puzzles & Spells and Toy Blast was a significant contributor to bookings, user growth as well as advertising revenues. Zynga’s user pay bookings were $596 million, up 63% year over year. It is worth highlighting that the company’s average mobile daily active users (DAUs) grew by a staggering 85% to 38 million whereas its average mobile monthly active users (MAUs) surged 139% to 164 million. Zynga has been in the news for its acquisition of ad-tech player Chartboost, which is expected to close by Q3 2021. We continue to be bullish on the stock and maintain our ‘Buy’ recommendation with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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