ZYNGA ANNOUNCES FIRST QUARTER 2022 FINANCIAL RESULTS
- news2u
- May 13, 2022
- 1 min read
Delivers Strong Quarterly Revenue and Bookings
Reports Highest Ever Q1 Advertising Revenue and Bookings
Continued Execution Across Multi-Year Growth Strategy
SAN FRANCISCO, May 10 (Bernama-BUSINESS WIRE) -- Zynga Inc. (NASDAQ: ZNGA) today released financial results for the first quarter ended March 31, 2022.
“We started off 2022 with a strong quarterly performance, achieving our highest ever Q1 advertising revenue and bookings led by our hyper-casual portfolio,” said Frank Gibeau, CEO of Zynga. “Through continued execution across all aspects of our multi-year growth strategy including live services, new game development and investments in our advertising platform, new markets and technologies, we are strengthening our position as a leading mobile-first, free-to-play live services company.”
Note: Certain measures as presented differ due to the impact of rounding.
(1)For clarity, a net release of deferred revenue results in revenue being higher than bookings and is a positive impact to Adjusted EBITDA as reported; a net increase in deferred revenue results in revenue being lower than bookings and is a negative impact to Adjusted EBITDA as reported.
(2)Adjusted EBITDA includes the net release of (increase in) deferred revenue.
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