Shedding Light on Zynga’s Cash Holdings
Zynga’s (ZNGA) 3Q17 was another milestone quarter for the company in terms of profitability. The quarter marked the first time since the company went public that it delivered two consecutive quarters of net profit. Zynga’s net profit was $18.1 million, which was more than triple its net profit of $5.1 million in 2Q17. Investors are waiting to see if the company will remain profitable or improve in 4Q17.