The above graph represents the Zynga net income by quarter, starting from fiscal Q1 2010 to the recently completed quarter. Zynga quarterly net loss increased from just $3.5 million in Q4 2019 to a whopping $103.93 million in Q1 2020, worldwide. That shows a massive increase of $100.43 million in net loss in the span of 3 months. However, on a yearly basis, the company’s Q1 2020 net loss improved by $24.9 million, primarily driven by a lower net increase in deferred revenue and stronger operating performance, partially offset by the higher YoY contingent consideration expense.
|Source||Zynga Quarterly Reports, SEC Filings|
|Note||Zynga fiscal year starts from January 1st|
As the graph shows, in Q1 2011, the gaming company recorded an astonishing 160.4% YoY growth in its quarterly net income, amounting to $16.76 million. However, the net income figure declined to just $1.39 million in the following quarter.
It is important to note that fiscal Q4 2011 was the first non-profitable quarter for Zynga Inc. Surprisingly, the company continued to incur losses till Q1 2017, except for Q1 2013 and Q3 2015. In Q4 2011, Zynga incurred a massive net loss of $435.01 million – highest-ever till date. That was primarily due to a whopping 542% YoY increase in operating expenses. The company further reported a net loss of $85.35 million in Q1 2012, $22.81 million in Q2 2012, $52.73 million in Q3 2012, $48.56 million in Q4 2012 and this continued till Q1 2017. Between Q4 2011 and Q1 2017, there were only two quarters when Zynga took a sigh of relief as the it generated a net profit of $4.13 million in Q1 2013 and $3.05 million in Q3 2015.
In Q3 2019, Zynga had a net profit of $230.08 million, globally. Interestingly, this is highest-ever net profit generated by the company.
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