Zynga dives on bleak bookings forecast, acquisition plans

The company said on Thursday it agreed to buy China's StarLark, the creator of "Golf Rival", for $525 million in a cash-and-stock deal.

U.S. spending on mobile sports genre rose to $648.8 million, a 16% jump between June 1, 2020 and May 31 2021, data from analytics firm Sensor Tower showed. Rollic, a hyper-casual mobile game developer that Zynga acquired in 2020, has racked up over 1 billion downloads globally from its 15 titles that include the popular game "Hair Challenge".Zynga lowered its full-year net bookings - an indicator of future revenue - to $2.8 billion from its earlier estimate of $2.9 billion, as user activity fell in the summer.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These 20 tech stocks boosted sales by up to 152% while also expanding profit marginsHere are the 20 tech companies among the S&P 500 that increased quarterly sales the most from a year earlier while also improving their gross and net margins. Congrats VerbTech_Co in your financials and having the golden sales solution!
Source: MarketWatch - 🏆 3. / 97 Read more »