Zynga’s second-quarter earnings surprise even analysts

The second-quarter financial data of Zynga, the leading name in interactive entertainment, is dazzling.
zynga q2 2021 financial results
Zynga’s 2021 revenues are above expectations.

Zynga’s financial data for the second quarter, which ended on June 30, 2021, was well above the expectations of even analysts. Stating that it had the best second quarter ever, Zynga announced that it had completed the acquisition of Chartboost when it presented its second-quarter financial data.

Zynga outperformed expectations in terms of revenue in the second quarter of 2021, thanks to notable titles such as Toon Blast, Toy Blast, Harry Potter: Puzzles & Spells, and Rollic’s hyper-casual games. Announcing that it has made a purchase agreement with StarLark, the developer of the Golf Rival game, recently, Zynga has been on a buying spree recently. In addition to all this, he drew attention to some uncertainties about the numbers Apple is targeting with the IDFA changes and stated that the stock fell 17% to $8.10. Looking at the overall picture, these privacy-related changes do not seem to have prevented Zynga’s success.

San Francisco-based interactive entertainment company Zynga, one of the most successful names in the industry, managed to increase its US revenue by 58% to 436 million dollars, and international sales by 62% to 284 million dollars. It was also revealed that 18% of the company’s revenue comes from ads and 82% from in-app purchases.

They got their best second quarter data ever

Frank Gibeau, CEO of Zynga, one of the best names in interactive entertainment worldwide, especially in the mobile game industry, gave the following sentences in the press release where it published their second-quarter financial data, Chartboost and Starlark acquisitions:

“We completed a strong first half of 2021, delivering Q2 results ahead of our guidance, including our best-ever Q2 revenue, bookings, and operating cash flow. Our multi-year strategy of growing our live services, launching new games, and investing in global expansion continues to position Zynga for growth. We are thrilled to officially welcome the Chartboost team to Zynga, as well as announce an agreement to acquire China-based StarLark – the talented developers behind the hit mobile franchise, Golf Rival.”

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