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.

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Source: Fool.com