10.39 +0.01 (0.10%)
After hours: 7:59PM EDT
|Bid||10.37 x 21500|
|Ask||10.37 x 21500|
|Day's range||10.10 - 10.49|
|52-week range||6.50 - 12.32|
|Beta (5Y monthly)||0.08|
|PE ratio (TTM)||N/A|
|Earnings date||03 Aug 2021 - 09 Aug 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||13.12|
CEO Frank Gibeau provided further insights about current business trends and future opportunities during the first-quarter earnings call. Zynga is at an advantage compared to many other video game stocks because players don't have to be stuck at home for the company to maintain its 2020 momentum. If a player really loves a certain mobile game, they can take it with them.
Analysts expect the $77.2 billion mobile gaming industry to expand at a compound annual growth rate (CAGR) of 14% until 2025 because of improving technology and higher smartphone penetration. Zynga is a great way to bet on this opportunity because it focuses on mobile games and has lower exposure to slower-growing sides of the industry. Rivals Activision Blizzard and Electronic Arts both have mobile gaming subsidiaries.
Roblox (NYSE: RBLX) is set to report its first-quarter earnings after the market close on Monday, May 10. Investors will be closely watching how well Roblox is monetizing its users, since much of the content on the platform is free. One of the metrics management uses to evaluate the company's performance is average bookings per daily active user.