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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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