SAN FRANCISCO, May 04, 2017 (GLOBE NEWSWIRE) -- Zynga Inc. (Nasdaq:ZNGA) has released its first quarter 2017 financial results by posting management’s Q1 2017 Quarterly Earnings Letter on its website. Please visit http://investor.zynga.com/results.cfm to view the letter.
An infographic accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/12c9110c-3dd6-4de6-b616-7ad01001457c
Zynga management will also host a Q&A session at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) to discuss Zynga’s first quarter 2017 performance. Questions may be asked on the call, and Zynga will respond to as many questions as possible.
The live Q&A session can be accessed at http://investor.zynga.com – a replay of which will be available through the website after the call – or via the below conference dial-in number:
- Toll-Free Dial-In Number: (800) 537-0745
- International Dial-In Number: (253) 237-1142
- Conference ID: 8421972
About Zynga Inc.
Since its founding in 2007, Zynga’s mission has been to connect the world through games. To-date, more than 1 billion people have played Zynga’s games across Web and mobile, including FarmVille, Zynga Poker, Words With Friends, Hit it Rich! Slots and CSR Racing. Zynga’s games are available on a number of global platforms including Apple iOS, Google Android, Facebook and Zynga.com. The company is headquartered in San Francisco, Calif., and has additional offices in the U.S., Canada, U.K., Ireland, India and Finland. Learn more about Zynga at http://blog.zynga.com or follow us on Twitter and Facebook.
Investor Relations Contact
Non-GAAP Financial Measures
We have provided in this press release certain non-GAAP financial measures to supplement our consolidated financial statements prepared in accordance with GAAP (our “GAAP financial statements”). Management uses non-GAAP financial measures internally in analyzing our financial results to assess operational performance and liquidity. Our non-GAAP financial measures may be different from non-GAAP financial measures used by other companies.
The presentation of our non-GAAP financial measures is not intended to be considered in isolation or as a substitute for our GAAP financial statements. We believe that both management and investors benefit from referring to our non-GAAP financial measures in assessing our performance and when planning, forecasting and analyzing future periods. We believe our non-GAAP financial measures are useful to investors because they allow for greater transparency with respect to key financial measures we use in making operating decisions and because our investors and analysts use them to help assess the health of our business.
We have provided reconciliations of our non-GAAP financial measures used in this press release to the most directly comparable GAAP financial measures in the following tables. Because of the following limitations of our non-GAAP financial measures, you should consider the non-GAAP financial measures presented in this letter with our GAAP financial statements.
Key limitations of our non-GAAP financial measures include:
- Bookings does not reflect that we defer and recognize online game revenue and revenue from certain advertising transactions over the estimated average life of durable virtual goods or as virtual goods are consumed.
|Three Months Ended|
|March 31, 2017||December 31, 2016||September 30, 2016||June 30, 2016||March 31, 2016|
|Reconciliation of Revenue to Bookings: Mobile|
|Change in deferred revenue||14,508||12,387||16,413||(1,492||)||3,095|