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Zynga Q2-2015 results
Saturday August 8,2015 : SOCIAL ONLINE AND MOBILE CASINO REVENUES HELP ZYNGA RECOVERY
Worrying decline in users.
Q2-2015 results from the US social gaming group Zynga this week were better than expected, although hardly stellar; the company reported:
* Q2 revenue up 30 percent to almost $200 million;
* Net loss lower at $26.9 million (Q2-2014: loss of $62.5 million);
* Advertising expenditure up 7 percent on the preceding quarter, but 70 percent higher than in Q2-2014;
* In-game sales flat at $174.5 million;
* Mobile sales up 30 percent at $115 million, comprising two-third of total sales;
* Online sales weaker y-o-y by over 30 percent at $59 million;
* Worrying loss of users; average monthly users fell more than 28 percent to one million, although average daily sales per user were up 29 percent at 9.1 US cents. Active monthly user statistics were down 32 percent year-on-year, declining to 83 million, whilst daily active players fell y-o-y by 23 percent to 21 million;
* Disturbing drop in player conversion rates to 1.6 percent (Q2-2014: 17 percent);
* Social casino operations presented a more encouraging picture, with poker delivering 18 percent of all gaming revenue. Overall social casino sales were up 47 percent year-on-year, with slots performing particularly well - up 274 percent. That is likely to continue improving with the introduction of new slots such as Willy Wonka-themed products following Zynga's deal with Warner Bros and increased output from the 2013 Spooky Cool Labs acquisition;
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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