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Zynga increase in the companys full-year guidance after strong second quarter
Zynga has announced its Q2 financial results, posting the best mobile revenue and bookings in the company's history for a single quarter and inspiring an increase in the company's full-year guidance as the company balances its net losses from two acquisitions in the previous financial year.

The San Francisco-based company earned $306 million in revenue during the second quarter, up 41% year-over-year. This came out far ahead of management’s $280 million target, while the net loss was significantly lower than the target loss of $70 million. Bookings, which also beat guidance, were $376 million, up 61% year-over-year.

Zynga’s mobile revenues were $287 million, up 49% year-over-year, and mobile bookings of $358 million, up 69% year-over-year. Mobile advertising revenues pulled in $64 million, up 28% year-over-year, while mobile advertising bookings rose to $64 million in Q2, an increase of 27% year-over-year. If you want to know where to Buy Zynga Chips, will be your best choice.

That said, the net loss of $56 million for Q2 was above the guidance of a loss of $70 million due to better operational performance across all games. Looking ahead to Q3, Zynga anticipates $325 million in revenue, $380 million in bookings, and $250 million in net income, including a $305 million one-time gain on the sale of the company's San Francisco headquarters. And thanks to its better-than-expected performance, Zynga is raising its full-year guidance to $1.24 billion in revenue, up 37% year-over-year and up $40 million from the previous guidance. Bookings guidance is for $1.5 billion, up 55% year-over-year and 50 million above the original guidance.

Zynga is also on the lookout for new acquisitions. The company recently sold its headquarters in the hot S.F. real-estate market. That should give it some cash should it wish to move forward with bringing in any new studios or IP.
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