|Bid||9.75 x 29200|
|Ask||9.73 x 38500|
|Day's range||9.60 - 10.16|
|52-week range||5.51 - 10.69|
|Beta (5Y monthly)||0.34|
|PE ratio (TTM)||N/A|
|Earnings date||28 Oct 2020 - 02 Nov 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||11.64|
Zynga's (ZNGA) second-quarter 2020 results reflect strength in live services and robust growth in international markets, partially offset by lower advertising demand due to COVID-19 induced lockdown.
Zynga said it would also acquire an 80% stake in Istanbul-based hyper-casual game maker Rollic for $168 million in cash, about two months after its $1.8 billion acquisition of Peak, the maker of games like "Toon Blast" and "Toy Blast". "It is a great way to acquire users," Zynga Chief Executive Officer Frank Gibeau told Reuters, noting that hyper-casual is the fastest growing category on mobile right now. Rollic, known for games like "Go Knots 3D" and "Tangle Master 3D", will also add to Zynga's ad sales.
Zynga (ZNGA) delivered earnings and revenue surprises of -112.50% and 2.99%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?