(Reuters) – Zynga Inc. topped Wall Street’s estimates for the three entries on Wednesday, driven by the continued strength of the acquired cellular title “Game & Puzzles”, and “Merge-with Dragons!”.
The Zynga logo is pictured at the registered office of the company is based in San Francisco, California, on April 23, 2014. REUTERS/Robert Galbraith/File Photo the GLOBAL BUSINESS WEEK, AHEAD of PRODUCT SEARCH, “BUSINESS WEEK, AHEAD of JAN 1 FOR ALL the photos
The FarmVille maker also forecast current-quarter bookings up to the expectations, thanks in part to the initial success of its latest social casino title of “Game of Thrones “Slots, “Casino”, and the sequel of the adventure-puzzle game “to Merge the Magic!”.
Bookings, a key metric with an indication of the future revenues include the sale of a virtual good, such as mint and more.
In an effort to expand its game portfolio, the company has struck deals with studios to publish games based on popular franchises, including the Harry Potter and Star Wars.
The-mobile-game maker reported bookings of $395 million for the third quarter ended Sept. 30, above analysts’ average estimate of $384.4 million, according to IBES data, Refinitiv.
The current weather forecast, quarterly bookings of $415 million, also beating the estimates of $396 million.
However, Zynga’s daily average of active users at 20 million euros, below expectations of 21.53 million, according to three analysts surveyed by Refinitiv.
The Chief Executive Officer and Frank Gibeau told Reuters that the decline in the average number of daily and monthly active users, in connection with the termination of certain games on Facebook Inc. ‘ s Messenger to the platform.
“It is a strategic platform for us, no more,” Gibeau said.
The turnover of the mobile device, which contributes about 95% of the total turnover has increased by 54% to $328 million.
The net income included a non-recurring gain of € 314 million, which increased to $230.1 million, or 24 cents a share, in the quarter of $ 10.2 million, or 1 cent a share, a year earlier.
Report by Ayanti Berra and Amal in Bengaluru; Editing by shailesh Kuber