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Zynga Not Going Public Until After Turkey Day

Matt Lynley

mark-pincus-pile-of-cash

Social gaming giant Zynga will not make its public trading debut until after the U.S. Thanksgiving holiday, according to a report by Bloomberg News.

Zynga returned to profitability in its most recent quarter and its revenue rose 80 percent year over year to $307 million. Its monthly players fell from 228 million at the end of June to 227 million at the end of September.

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See Also:

Zynga Is Bleeding Gamers Ahead Of IPO
Zynga Is Still Profitable, Made $12.5 Million In Third Quarter Off $307 Million In Revenue
This Year's Top Tech IPOs: Where Are They Now?

source: www.businessinsider.com

7 Nov 2011

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Zynga Crashes After Q1 Earnings Report

www.businessinsider.com Alyson Shontell 30 days ago

mark pincus

q1 earnings

earnings report

social gaming

transition year

Zynga's Q1 2013 numbers are out! While Q1 revenue beat analysts' expectations, Zynga's stock took a hard hit. The social gaming company's monthly active users were down and Q2 guidance was weak. Here are the highlights from the call: Q1 2013 Revenue: $263.59 million, estimate was $209.79 million. That's down 18% year-over-year. Bookings: $230 million, down 30% year-over-year. EPS: $0.01 adjusted, estimated loss was $0.04. DAUs: 52 million in the first quarter of 2013, down 21% year-over-year MAUs: 253 million in the first quarter of 2013, down 13% year-over-year.Farmville 2 is once a... Read similar

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Ex-Yahoo CFO Tim Morse Takes CFO Gig At Adap.tv (YHOO)

www.businessinsider.com Nicholas Carlson 137 days ago

Former Yahoo CFO Tim Morse has a new job. He'll be CFO of Adap.tv, a video ad network. Morse was at Yahoo from June 2009 until October 2012, when he was washed out in the Marissa Mayer tidal wave. Morse spent most of Fall 2011 as Yahoo's interim CEO, after Carol Bartz got booted. Hiring a CFO of Morse's stature and experience is a pretty clear sign Adap.tv would like go public in the next couple years. In an email, Adap.tv shared some data about itself: "Adap.tv is transforming the $78 billion TV and Video Advertising industry by putting all major buyers (seven of the top 10 agenci... Read similar

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Marin Software IPO Reveals It's Not Profitable, And Doesn't Expect To Be

www.businessinsider.com Jim Edwards 99 days ago

management software companies

initial public offering

first nine months

zenithoptimedia

positive cashflow

Marin Software, one of the larger online marketing management software companies, filed for an initial public offering last night and revealed that it is not profitable, and doesn't expect to be "in the foreseeable future." Its major clients include media buyers and digital agencies like Razorfish, MediaCom, iProspect, ZenithOptimedia and Rosetta, according to Ad Age. Its marketing clients include Macy's, Gap and Fossil. It offers software that manages ad spend on Facebook, Google and other platforms. Here are the financial highlights from its numbers" Revenue: $42.5 million in the first nine... Read similar

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What OMGPOP CEO's Exit Means For Zynga (ZNGA)

www.businessinsider.com Owen Thomas 52 days ago

We think Dan Porter's exit at Zynga is a sign of a bigger shakeup at the games maker, as it tries to figure out whether it's future lies in social games like FarmVille or mobile games like Words With Friends and Draw Something. Sean Kelly, a Zynga VP who spearheaded its move into mobile games, is taking over the New York studio Porter ran. Kelly, we're told, moved to New York last fall. His top priority: Rolling out Draw Something 2, the sequel to the hit mobile drawing game that made OMGPOP so valuable to Zynga, around the world. Kelly's nice-guy reputation comes as a contrast to Porter,... Read similar

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Yelp Stock Is Up 6% After Strong Guidance (YELP)

www.businessinsider.com Kevin Smith 23 days ago

Yelp's stock is up in after-hour trading after the company delivered a better-than-expected earnings report. The two big numbers which seem to be driving the stock are this quarter's revenue and its guidance for the next quarter. Here's a look at the numbers: Revenue: $46.1 million versus $44.54 million estimate by analysts. EPS: -$0.08 versus -$0.06 estimate by analysts. Revenue guidance: $52.5 million - $53.5 million, versus $50.56 million estimated by analysts. Please follow SAI on Twitter and Facebook.Join the conversation about this story » Read similar

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Why Mobile Gaming Companies Are Anything But Screwed

www.businessinsider.com Alyson Shontell 170 days ago

At least for right now, mobile games still rule the app world. New research released by analyst firm Canalys shows that 24 of the 25 top grossing developers in the leading app stores are gaming companies. Specifically, out of 700,000 apps in the world, Canalys found that 25 star developers accounted for about 50% of total app store revenue ($60 million of $120 million) during the first 20 days of November. All but one of those top developers were game developers. The leaders included Zynga, Electronic Arts, Disney, Kabam, Rovio, Glu, Gameloft and Storm8’s TeamLava. "Part of the story her... Read similar

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CHART OF THE DAY: Facebook's Steadily Growing Mobile Ad Business (FB)

www.businessinsider.com Jay Yarow 23 days ago

mobile business

time one

worries

A year ago Facebook was going public. At the time, one of the biggest worries about the company was its ability to handle the transition from the desktop to mobile. After all, it hadn't generated a dime of mobile revenue. Today, the company reported 30% of its ad revenue was mobile. That's $375 million, up from $306 million, or 23% of ad revenue the quarter before. The bulk of Facebook's revenue is still coming from the desktop, which is worrisome. But, considering that its mobile business was non-existent last year, this is very promising. Please follow SAI on Twitter and Facebook.Join the c... Read similar

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The Complete Timeline Of Zynga's Disastrous 2012 (ZNGA)

www.businessinsider.com Owen Thomas 144 days ago

video game industry

mark pincus

indiana jones adventure

ceo mark

social games

Only nine months ago, Zynga was worth $11.5 billion, pumping out new games every month at breakneck speed. It seems so far away in time, given everything that's happened since. Zynga's stock is stuck in the doldrums and it's shuttering 11 older games like PetVille and Indiana Jones Adventure World that failed to keep large audiences. It's just more bad news in a year full of bad news for Zynga. 2011 was a very good year. Zynga had just gone public. The paint had barely dried on its gleaming, brick-clad Dog House headquarters on the western edge of San Francisco's South of Market dist... Read similar

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LIVE: Apple Earnings! (AAPL)

www.businessinsider.com Jay Yarow 31 days ago

Apple's earnings should be out momentarily. We are going to fill in the numbers as soon as they are out. This post is being updated as we go. For the most recent information click here, or just refresh your browser. Here's what sell-side analysts are looking for from Apple, via Gene Munster: Revenue: $42.3 billion EPS: $9.98 Gross margin: 38.5% iPhone: 36.5 million iPad: 18.3 million Mac: 4.1 million iPod: 6.25 million June quarter revenue: $38.6 billion June quarter EPS: $8.97 June quarter gross margin: 38.6% Munster also adds that the buy-side is thinking iPhones come in at 35 milli... Read similar

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LinkedIn Crashes After Giving Bad Guidance In Its Earnings Report (LNKD)

www.businessinsider.com Jay Yarow 22 days ago

LinkedIn earnings are out! The market reaction is not good. The stock is plunging, falling 11% after hours. While it delivered beats on the top and bottom line, its guidance for next quarter is lighter than expected. Revenue was $324.7 million versus analyst expectations of $317.08 million. EPS was $0.45 versus analyst expectations of $0.31. Q2 revenue guidance is $342-$347 million versus analyst estimates of $359.24 million. Here are the company's earnings slides, and below this are the complete numbers versus consensus. LinkedIn Q1 2013 Earnings Call from LinkedIn And here's LinkedIn's... Read similar

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Apple Earnings! (AAPL)

www.businessinsider.com Jay Yarow 121 days ago

Hi there! We're hours away from Apple's earnings, but when they hit this page will take you to the results as soon as possible. In the meanwhile, here's a quick look at what everyone is expecting, via Piper Jaffray's Gene Munster: Revenue: $54.58 billion EPS: $13.34 Gross Margin: 39.5% iPhone: 50 million iPad: 23 million Mac: 5 million iPod: 12 million March quarter revenue: $46.9 billion March quarter EPS: $12.10 March quarter gross margin: 41.5% Again, we'll have the numbers as soon as they hit right here, so tune in. Please follow SAI on Twitter and Facebook.Join the con... Read similar

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Now That Zynga's Earnings Are Out, Here Are Three Questions Mark Pincus Must Answer (ZNGA)

www.businessinsider.com Owen Thomas 108 days ago

fourth quarter earnings

Zynga's fourth-quarter earnings are out. The headline numbers: Q4 revenue of $311 million, flat year-over-year, and bookings of $261 million, down 15% year-over-year Q4 net loss of $48.6 million, down 89% year-over-year, adjusted EBITDA of $45 million, down 34% year-over-year Q4 GAAP EPS of ($0.06) and non-GAAP EPS of $0.01 The stock closed up 7.4% at $2.75, and it rose further to $2.92 in after-hours trading. Revenues beat expectations of around $250 million, Barron's notes. That appears to be because Zynga did a better job in the fourth quarter of getting the small fraction of users wh... Read similar

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Now Zynga Is Making Its Breakup With Facebook Official (ZNGA, FB)

www.businessinsider.com Owen Thomas 63 days ago

Zynga is taking the first step in distancing itself from Facebook, the platform on which it first rose to greatness, in an effort to convince investors that it won't always be dependent on the social network for users and revenues. On its blog, Zynga just announced that it will allow users to sign up for game accounts on Zynga.com without linking them to Facebook. That, in turn, will allow users to play games like FarmVille 2 under any identity they like. (Linking these accounts to Facebook will continue to be an option.) In November, Facebook and Zynga revealed that they'd revised a longstand... Read similar

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Zynga Spends $1 Million To Launch A New Tech Accelerator (ZNGA)

www.businessinsider.com Julie Bort 23 days ago

melinda gates foundation

Zynga has agreed to invest $1 million from its philanthropy fund, Zynga.org, to create a new accelerator for education tech in San Francisco, Zynga announced today. The accelerator is being run with the NewSchools non-profit venture fund, which has had many big-name backers including The Bill & Melinda Gates Foundation and the Walton Foundation. Zynga.org and NewSchools have already selected a handful of emerging ed tech companies to join the accelerator's first class, which kicks off this summer. The companies accepted so far are Kidaptive, LocoMotiveLabs and Motion Math. They have all la... Read similar

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John Doerr Is Coming To Zynga's Rescue (ZNGA)

www.businessinsider.com Owen Thomas 49 days ago

venture capitalist john doerr

capitalist john doerr

launch event

mark pincus

kleiner perkins

Zynga, the online games maker, is appointing superstar venture capitalist John Doerr to its board of directors today. Doerr's firm, Kleiner Perkins, owns about 10 percent of Zynga, having backed it in its earliest days. It already has one partner, Bing Gordon, on Zynga's board. (He remains there, meaning Kleiner now has two seats.) Despite Zynga's stock crash since its 2011 IPO, Kleiner has made a mint on the company, roughly quadrupling its $65 million investment. It did not cash in at the company's IPO, instead betting that Zynga would pay off over the long term. That remains to be seen... Read similar

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APPLE WHIFFS AS IPHONE COMES IN LIGHT, STOCK TANKS (AAPL)

www.businessinsider.com Jay Yarow 121 days ago

Apple's numbers are out! And they don't look good. As you can see below, Apple missed the expectations of buy-side investors, pretty much across the board. The thing that should make investors super worried is that iPhone sales were 47.8 million for the quarter. The buy-side was looking for 50 million units. The stock is off in after-hour trading by 10%. We are updating this post as we go, so click here for the latest. Here's how Apple did versus what buy-side investors were looking for (via Piper Jaffray analyst Gene Munster): Revenue: $54.5 billion versus $54.58 billion expected EPS: $13.... Read similar

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EA And Zynga Have Given Up On A Pointless Lawsuit Over An All-But-Dead Game (ERTS, ZNGA)

www.businessinsider.com Owen Thomas 98 days ago

Electronic Arts and Zynga just filed documents to dismiss the case EA filed last year against Zynga alleging that Zynga's The Ville social game copied EA's The Sims franchise. Both parties are bearing their own costs, according to the documents. "EA and Zynga have resolved their respective claims and have reached a settlement of their litigation in the Northern District of California," a Zynga spokesperson told us, in what she described as a joint statement by the companies. Aside from the legal costs, what did this lawsuit accomplish? Well, EA got what it wanted: The Ville is gone. But not be... Read similar

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CHART OF THE DAY: Facebook Has Another Impressive Mobile Quarter

www.businessinsider.com Marcelo Ballvé 114 days ago

Facebook's mobile user base surged 13 percent in the fourth quarter of last year to 680 million, according to Facebook fourth quarter results. That's the fastest sequential quarterly gain in monthly active users (MAUs) on mobile since the first quarter of 2012. This avalanche of mobile users onto Facebook has given a boost to mobile ad revenue, which was $306 million in the quarter. Mobile accounted for 23 percent of ad revenue at Facebook, compared to 14 percent in the third quarter. The $306 million figure also means Facebook mobile revenues grew an eye-opening 101 percent o... Read similar

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Groupon Soars After A Strong Earnings Report (GRPN)

www.businessinsider.com Jay Yarow 16 days ago

international segment

free cash flow

operating cash flow

earnings report

trailing twelve months

Groupon's earnings are out, and the market likes what it sees. The stock jumped 15% in immediate reaction to the news. Here's the key numbers: Revenue: $601.4 million versus expectations of $588.92 million. EPS: $0.03 which is exactly what analysts were expecting. Q2 guidance: $575-$625 million versus $616.14 million expected. In the earnings release, Groupon reported that its International business continues to be weak, but its North American business is offsetting that weakness. Here's some data points from Groupon: Revenue increased 8% to $601.4 million in the first quarter 2013, compare... Read similar

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Here's Why Zynga May Have To Come Crawling Back To Facebook After All (ZNGA, FB)

www.businessinsider.com Owen Thomas 108 days ago

fourth quarter earnings

In Zynga's fourth-quarter earnings call, CEO Mark Pincus got a question about how his company is going to recreate the awesome viral effects it used to have on Facebook as players shift to mobile. That is the question for Zynga. Pincus first gave measured praise to Facebook. On the Web, Facebook's News Feed offers a great way for a player to tell their friends about a game and recruit them to play. That's because Facebook essentially is the operating system for social games on the Web. The problem for Zynga is that Facebook can twist the dials on what shows up in the News Feed. Last year, as F... Read similar

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