Zynga Inc. (NASDAQ: ZNGA) reported its first-quarter financial results after the markets closed on Wednesday. This stock has been a constant disappointment for investors over the past year and it seems like some positive news was way overdue. The question is whether these earnings are a one-time deal or if this is signaling a fundamental change in direction for this company. But some say it might be too soon to know.
The company said it had no earnings per share (EPS) on $186.7 million in revenue, compared to consensus estimates that called for a net loss of $0.01 per share on revenue of $163.4 million. In the same period on last year, Zynga posted a net loss of $0.01 per share on $167.4 million in revenue.
During the quarter, bookings totaled $182 million, an increase of roughly 8% compared to the same period from last year.
Average daily active users (DAUs) totaled 19 million for the quarter, down from 25 million in the first quarter from last year. Average mobile DAUs totaled 16 million, which is an increase of 7% sequentially but a decrease of 16% year over year.
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