In Q1, strength across our live services portfolio drove our highest-ever quarterly revenue of $680 million, up 68% year-over-year, and bookings of $720 million, up 69% year-over-year. Over the coming years, we are confident in our ability to increase our total addressable market while driving strong topline growth and margin expansion as we continue to execute on our growth initiatives. The combination of Chartboost’s scale and ad tech capabilities with Zynga’s high-quality games portfolio and first-party data will meaningfully enhance Zynga’s competitive advantage in the mobile ecosystem. ![]() In addition, we are making significant progress on our cross-platform play initiative and today, we are excited to announce our transformational acquisition of Chartboost, a leading advertising and monetization platform. Our tremendous quarterly revenue and bookings were driven by breakout performances from our live services, new games and hyper-casual portfolio. We are off to an excellent start in 2021, delivering record Q1 results ahead of guidance and generating strong momentum across all aspects of our growth strategy. Revenue and the change in deferred revenue are both directly affected by bookings results, and management utilizes bookings as a primary topline measure to help inform its decisions. ![]() Please note that we manage our business based on topline measures including revenue, which is comprised of the change in deferred revenue and bookings. This letter details our Q1 performance as well as our outlook for Q2 and growth opportunities in 2021 and beyond. We look forward to discussing our Q1 2021 results during today’s earnings call at 2:00 p.m. Zynga Q1 2021 Letter to Shareholders May 5, 2021
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