|Bid||6.24 x 1800|
|Ask||6.27 x 45100|
|Day's range||6.21 - 6.28|
|52-week range||3.49 - 6.65|
|Beta (3Y monthly)||0.29|
|PE ratio (TTM)||124.30|
|Earnings date||4 Feb 2020 - 10 Feb 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||7.44|
(Bloomberg) -- Playrix Holding Ltd., a mobile-game developer that made billionaires of its Russian founders, has bought into about a dozen studios to take on the likes of Activision Blizzard Inc. and Electronic Arts Inc.Brothers Igor and Dmitry Bukhman said in an interview that by 2025 they want Playrix’s sales to catch up with those of the U.S. gaming giants. Over the past year they’ve spent more than $100 million on acquisitions and are planning to more than quadruple their portfolio of titles from about four that are available now.While the gaming industry is awash in investors from KKR & Co. to Zynga Inc., the Bukhman brothers are determined to go it alone. They told Bloomberg News in April that while Wall Street dealmakers such as Goldman Sachs Group Inc. had been in touch, they wanted to expand the business themselves.Since then, the brothers haven’t been persuaded of the merits of giving up control over Playrix in favor of a bigger pot of cash to spend. They prefer to leverage their understanding of the industry to act as a consolidator and nurture smaller players.“Many firms are seeking acquisition targets to add to their revenue and show growth to investors,” Igor said. “We don’t have this pressure and are taking a more long-term approach -- we are helping our portfolio companies to grow. We are sharing our experience and playing a role in their growth.”Playrix said 2019 revenue is likely to reach $1.5 billion, as much as 30% more than the previous year’s, from sales of existing games including Gardenscapes. It was the ninth-biggest publisher last year, according to independent gaming data provider App Annie.New TitlesThe Bukhman brothers are betting their new titles, to be released over the next two years, will push sales into the realm of rivals such as Activision, which reported $7.5 billion in revenue for 2018.“Within five years, we are seeking to join the same league as Activision Blizzard or NetEase Inc., but in the European region,” said Igor, without specifying a revenue target.Playrix’s purchases include studios in Ukraine, Serbia, Russia, Croatia and Armenia, and the 600 people added boost its headcount by more than 50%. The investments range from 30% holdings to controlling stakes in companies that will continue to operate independently. These include Nexters, based in Cyprus and one of Europe’s 10 top-grossing game developers, and Vizor Games, based in Belarus.The brothers are valued at about $1.4 billion each by the Bloomberg Billionaires Index. They landed in the rankings by creating a new variety of match-3 games, which involve completing rows of at least three elements to progress through an animated storyline. The latest acquisitions will allow expansion into gaming genres such as hidden object and simulation.The mobile gaming business is set to exceed $68 billion in revenue this year, according to researcher Newzoo, and have been attracting attention from investors. Playrix will have to compete against these deep-pocketed players if it’s to achieve its goals.Zynga acquired Finnish developer Small Giant Games for $560 million last year, while Israeli Playtika Ltd bought Germany’s Wooga and Austria’s Supertreat. KKR-backed AppLovin invested in Belarusian developer Belka Games and two other firms in September.“Capturing lightning in a bottle twice is the true challenge for a creative firm,” said Joost van Dreunen, managing director of SuperData, Nielsen’s game research arm. “With the popularity of Gardenscapes, Playrix has finally established itself as a force to be reckoned with. However, to build a legacy it will need to repeat this trick.”(Adds analyst comment in last paragraph.)To contact the reporters on this story: Ilya Khrennikov in Moscow at email@example.com;Alex Sazonov in Moscow at firstname.lastname@example.orgTo contact the editors responsible for this story: Rebecca Penty at email@example.com, Jennifer Ryan, Thomas PfeifferFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Today, Zynga Inc. (ZNGA), a global leader in interactive entertainment, is launching an event series in partnership with the hyper sports car manufacturer Bugatti in the hit mobile drag racing game, CSR Racing 2 (CSR2). The event series, which celebrates Bugatti’s 110th anniversary, will give players the opportunity to collect and compete with the world’s most powerful and exclusive hyper sports cars in CSR2.
Electronic Arts (EA) and Firemonkeys Studio's licensing partnership with Formula 1 likely to enhance EA's gaming portfolio with the upcoming content updates on Real Racing 3.
Today, Zynga Inc. (ZNGA), a global leader in interactive entertainment, announced a new, holiday-themed activity in its ongoing collaboration with Garth Brooks and the flagship mobile game, Words With Friends. Starting today and running through December 8th, players of the game will be treated to special in-game and real-world giveaways as part of this two week event from country music artist, entertainer and long-time Words With Friends player, Garth Brooks. In celebration of the holidays and season of giving, Garth and Words With Friends are releasing the first-ever collaboratively designed tile style, featuring a vinyl record.
Take-Two (TTWO) is likely to benefit from portfolio strength with the launch of Sid Meier's Civilization VI despite intensifying competition.
Zynga Inc. (ZNGA), a global leader in interactive entertainment, today announced an in-game license deal with Adult Swim to bring characters from the Emmy Award-winning TV series, Rick and Morty, to Gram Games’ Merge Dragons!. Rick and Morty appear in the puzzle adventure game in a special live event taking place on November 22nd, 2019. Get ready to squanch some dragons, broh!
Zynga Inc. , a global leader in interactive entertainment, announced today that its Chief Financial Officer Ger Griffin will present at the following upcoming investor conference.
Electronic Arts (EA) likely to benefit from portfolio strength with the latest release of Star Wars Jedi: Fallen Order amid intensifying competition.
“Heroes are crucial to achieving dominance in Empires & Puzzles and Hero Costumes gives players a new way to customize them in battle,” said Timo Soininen, CEO of Small Giant. Empires & Puzzles successfully blends approachable match-3 battles with deeper gameplay elements including hero collection, base building and social alliances. Since its launch in 2017, the game has been downloaded more than 39 million times and has reached the #1 grossing position in 60 countries on the Apple App Store and 26 countries on Google Play.
Viacom's (VIAB) fourth-quarter fiscal 2019 results reflect growth in Media Networks revenues, offset by lower Filmed Entertainment revenues.
(Bloomberg) -- EQT Partners AB, the Nordic buyout firm, is set to raise as much as 650 million euros ($716 million) for its latest venture fund, adding to the growing number of sizable European-based pots of capital chasing investments in startups.Stockholm-based EQT Ventures could reach a final close of between 600 million euros and 650 million euros in the coming weeks for its second venture fund, people familiar with the matter said, asking not to be identified as the process is private.A representative for EQT Ventures declined to comment.Launched in 2016, EQT Ventures raised 566 million euros for its maiden fund. The firm buys stakes in tech startups and invests between 1 million euros and 75 million euros in startups across Europe and the U.S.Led by Hjalmar Winbladh, the fund’s recent investments include autonomous electric transport system Einride and Beat81, a German-based fitness technology. The fund had its first exit in December when Zynga Inc. acquired control of Small Giant Games Oy for $560 million.Venture capital investment in Europe has already set a record this year. Investment over the first three quarters of the year hit $28.1 billion, surpassing the amount spent in all of 2018, according to a report from KPMG.Balderton Capital, the London-based venture capital firm, recently raised $400 million, making it one of the biggest early-stage investment funds in Europe, while Accel put together a $575 million fund for investments in European and Israeli startups in May.To contact the reporters on this story: Sarah Syed in London at firstname.lastname@example.org;Amy Thomson in London at email@example.comTo contact the editors responsible for this story: Dinesh Nair at firstname.lastname@example.org, Aaron Kirchfeld, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Zynga Inc. , a global leader in interactive entertainment, has launched a ‘Best of British’ event series in CSR Racing 2 . ‘Best of British’ is a six-event collection series running through November 8 that features British hypercars such as the McLaren Senna, Noble M600 Carbon Sport, Ginetta Akula, Ultima RS and TVR Sagaris, among others.
Today we highlighted 4 'cheap' stocks that are currently trading for under $10 per share that also sport a Zacks Rank 2 (Buy) or better that investors might want to consider buying right now...
Today, Zynga Inc. (ZNGA), a global leader in interactive entertainment, announced details of its creative collaboration with Emmy Award-winning actor, producer and director Alec Baldwin. A long-time player of Zynga’s iconic mobile game Words With Friends, Baldwin joins the title’s ongoing 10th anniversary celebration with a promotional content campaign, lending his signature wit and wry sensibility to humorous video vignettes that will be released over the next several months. In a sneak peek video interview just released, Baldwin discusses his personal connection to the game.
Zynga (ZNGA) delivered earnings and revenue surprises of -100.00% and 2.03%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
The FarmVille-maker also forecast current-quarter bookings above expectations, boosted by the initial success of its recent social casino title "Game of Thrones Slots Casino" and the sequel to its adventure puzzle game "Merge Magic!". Bookings, an important metric indicating future revenue, include the sales of virtual goods such as currency and lives. The mobile game-maker reported bookings of $395 million for the third-quarter ended Sept. 30, above analysts' average estimate of $384.4 million, according to IBES data from Refinitiv.
Zynga's (ZNGA) third-quarter 2019 results are likely to benefit from growth in its mobile live services supported by new and existing franchise games.