Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

2 Ways That Zynga Is Losing to the Competition

TheMotleyFool 
0 0 20.08.17
2 Ways That Zynga Is Losing to the Competition
 
2 Ways That Zynga Is Losing to the Competition

Zynga (NASDAQ: ZNGA) recently delivered its first profitable quarter in nearly five years, and shares of the company are up roughly 40% year-to-date. After trying to find its footing in the mobile market for years, the market appears to have new faith in the company under the management of CEO Frank Gibeau -- who became the company's top executive in 2016 after previously heading up the mobile unit at Electronic Arts (NASDAQ: EA).

In addition to returning to profitability, last quarter saw the company deliver its best sales in five years, with mobile games delivering a record 86% sales contribution. The table below illustrates some of the other progress that the company has made in mobile by comparing its recently delivered second-quarter results to the prior-year period:

Data source: Zynga.

Continue reading


Source: Fool.com

Zynga Inc. Stock

€7.77
-


Show more
Like: 0
ZNGA
Share

Comments

Not a member yet? Sign up for free!