Zynga Announces Third Quarter 2017 Financial Results
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/40fe71bc-1911-45e5-998f-fc1df7513475
Zynga management will also host a Q&A session at
The live Q&A session can be accessed at http://investor.zynga.com – a replay of which will be available through the website after the call – or via the below conference dial-in number:
- Toll-Free Dial-In Number: (800) 537-0745
- International Dial-In Number: (253) 237-1142
- Conference ID: 99825510
Statement from Zynga’s Chief Executive Officer Frank Gibeau
“We had a strong Q3, delivering our best revenue and bookings performance in over four years. This past quarter, revenue was
Since its founding in 2007, Zynga’s mission has been to connect the world through games. To date, more than 1 billion people have played Zynga’s games across web and mobile, including FarmVille, Zynga Poker, Words With Friends, Hit it Rich! Slots and
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Cautionary Statements/Non-GAAP Financial Measures
The preliminary financial results set forth in this press release are estimates based on information currently available to us. While we believe these estimates are meaningful, they could differ from the actual amounts that we ultimately report in our Quarterly Report on Form 10-Q for the quarter ended
We have provided in this press release certain non-GAAP financial measures to supplement our consolidated financial statements prepared in accordance with GAAP (our “GAAP financial statements”). Management uses non-GAAP financial measures internally in analyzing our financial results to assess operational performance and liquidity. Our non-GAAP financial measures may be different from non-GAAP financial measures used by other companies.
The presentation of our non-GAAP financial measures is not intended to be considered in isolation of, as a substitute for, or as superior to, our GAAP financial statements. We believe that both management and investors benefit from referring to our non-GAAP financial measures in assessing our performance and when planning, forecasting and analyzing future periods. We believe our non-GAAP financial measures are useful to investors because they allow for greater transparency with respect to key financial measures we use in making operating decisions and because our investors and analysts use them to help assess the health of our business.
We have provided reconciliations of our non-GAAP financial measures used in this press release to the most directly comparable GAAP financial measures in the following tables. Because of the following limitations of our non-GAAP financial measures, you should consider the non-GAAP financial measures presented in this press release with our GAAP financial statements.
Key limitations of our non-GAAP financial measures include:
- Bookings does not reflect that we defer and recognize online game revenue and revenue from certain advertising transactions over the estimated average life of durable virtual goods or as virtual goods are consumed.
|Three Months Ended|
|September 30, 2017|
|Reconciliation of Revenue to Bookings|
|Change in deferred revenue||(11,108||)|
|Three Months Ended|
|September 30, 2017||June 30, 2017||March 31, 2017||December 31, 2016||September 30, 2016|
|Reconciliation of Revenue to Bookings: Mobile|
|Change in deferred revenue||(7,848||)||1,755||14,508||12,387||16,413|
Source: Zynga Inc.