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Zynga achieves best quarterly revenue and bookings in 12-year history

Empires & Puzzles and Merge Dragons both drive quarter
Zynga achieves best quarterly revenue and bookings in 12-year history

Social games publisher Zynga achieved its best quarterly for revenue and booking in its 12-year history.

The San Francisco-based outfit reported its highest quarterly revenue at $345 million, an increase of 48 per cent year-on-year.

Similarly, the firm earned record bookings of $395 million showing growth of 59 per cent year-on-year.

Much of this increase arises due to the company's acquisition of Empires & Puzzles developer Small Giant Games in late 2018.

Zynga’s GAAP net income equalled to $230 million, with $314 million brought in from the sale and lease back of the company’s San Francisco headquarters.

Operating cash flow totalled $69 million, up 67 per cent year-over-year,

Mobile revenue came in at $328 million, which now accounts for 96% of overall revenue - an increase of three per cent from the last quarter. The remaining percentage is picked up its Facebook desktop web revenue.

“Strong momentum”

“In Q3, we achieved our best quarterly revenue and bookings in Zynga history,” said CEO Frank Gibeau.

“Our performance was driven by strong momentum across our live services, in particular record quarters from Empires & Puzzles and Merge Dragons.

“Also, our recently launched titles Game of Thrones Slots Casino and Merge Magic are off to great starts.

"With our raised guidance, Zynga is one of the fastest-growing public gaming companies in 2019.”

As Gibeau stated, Empires & Puzzles was a key factor of the profit made by the company, with the puzzle title recently passing $500 million in lifetime revenue.