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Zyngas Q2-2016 Earning Report
Friday August 5,2016 : ONLINE GAMBLING ELEMENTS CONTINUE TO DELIVER FOR ZYNGA
But social gaming giant battles in other sectors.
San Francisco-based social gaming developer and operator Zyngas latest quarterly (Q2-2016) shows that the company continues to incur losses, albeit at a slower rate than before...but that online gambling-related games like Zynga poker and Wizard of Odds and Hit It Rich slots are still delivering impressive percentages of the companys revenue at 19, 15 and 11 percent respectively.
The slot products were especially impressive, contributing 32 percent of all game revenue and 39 percent of in-game sales revenue, whilst the poker vertical accounted for 19 percent of game revenue and 20 percent of in-game sales.
That wasnt enough to stave off overall net losses in the quarter, although they were markedly curtailed at $4.4 million (Q2-2015: $26 million) on revenue which declined 9 percent to $181.7 million following a tightening of management controls and especially marketing budget.
The split between online gaming revenue and advertising and other sources was $136 million vs. $46 million.
The mobile channel again recorded an increase in in-game sales contribution, rising 19 percent year-on-year to $137 million of the total $174.6 million generated.
Investors will be concerned not just by the continued losses, but by the steady decline of the player-base despite the advent of new games like the CSR2 racing product.
During Q2-2016 daily active users fell 15 percent year-on-year, and monthly active users declined more than 25 percent, although the company managed to boost its average daily takings per DAU to 10.7 percent - a y-o-y increase of 17 percent.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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