Free cash flow was $109 million in the third quarter compared with $142 million in the previous quarter.
Balance SheetĪs of Sep 30, 2020, Zynga had cash, cash equivalents & short-term investments of approximately $758 million compared with $1.55 billion as of Jun 30, 2020.Ĭash flow provided by operating activities in third-quarter 2020 was $133 million compared with $145 million in second-quarter 2020. Non-GAAP research & development (R&D), general & administrative (G&A) and sales & marketing (S&M) expenses increased 14%, 8.1% and 55.4% year over year to $73.8 million, $22.6 million and $183 million, respectively.Īdjusted EBITDA was $37.7 million compared with $27.5 million in the year-ago quarter. Non-GAAP operating expenses (55.5% of total revenue) grew 37.4% year over year to $279.4 million in the reported quarter, primarily due to higher sales and marketing investments. GAAP gross margin, as a percentage of revenues, declined to 53% from 61% in the year-ago quarter due to higher net increase in deferred revenues. Moreover, average mobile monthly active users (MAUs) increased 23% year over year to 83 million in the reported quarter.Īverage mobile daily bookings per average mobile DAU (ABPU) rose 5% year over year to $0.213 in the reported quarter. Zynga’s average mobile daily active users (DAUs) surged 53% year over year to 31 million. User pay bookings were $561 million, up 69% year over year. In the third quarter, user pay revenues were $436 million, up 55% year over year. Moreover, International revenues (38% of total revenues) rose 44.2% to $191.4 million. On a geographic basis, revenues from the United States (62% of total revenues) grew 46.8% year over year to $312 million.
The increases were driven by robust live services performance. Mobile revenues (96.2% of total revenue) and mobile bookings increased 47.8% and 61.3% year over year to $484 million and $609 million, respectively. Moreover, advertising revenues (13.4% of total revenue) and advertisement bookings (10.7% of total bookings) increased 5.8% and 5.1% year over year to $67.3 million and $67 million, respectively. Zynga’s online game revenues (86.6% of total revenues) increased 54.8% year over year to $436 million on the back of its forever franchises - Empires & Puzzles and Merge Magic! - alongside Toon Blast and Toy Blast.
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