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Zynga beats Q3 guidance with 23% revenue growth

9th November 2017 8:15 am GMT

New York-listed social gaming operator Zynga said Wednesday that its third quarter revenue climbed 23 per cent year-on-year to beat previous guidance by almost $15m, pushing its shares to a new 52-week high.

Zynga's total third quarter revenue climbed 23 per cent to $224.6m compared to its projected revenue of $210.0m, with the company reporting net income of $18.1m for the period versus a loss of $41.7m a year ago.

Bookings for the period amounted to $213.5m, [...]

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