Genega projected annual net bookings above Wall Street estimates on Wednesday, betting on the launch of its upcoming Farmville game and strong game spending in its current titles such as Harry Potter: Puzzles and Spells.
The company’s shares rose nearly 3 percent in expanded business.
Jinga This fully expected net booking – an indicator of future revenue – was estimated at $ 2.8 billion (about Rs 20,370 crore), over $ 2.75 billion (about Rs 20,000 crore), according to refinitive IBES data.
Its outlook includes a full-year contribution from the original title Toon Blast and Toy Blast, Riddle Combat’s initial sales and farm Ville 3 is set to launch in the first half of 2021, and a possible release prior to this Star wars Games until the end of the year.
Zynga’s Chief executive officer Frank Gibue told Reuters that NaturalMotion Studios is also developing four new games focused on the action-adventure category that consumers will be able to play on the platform.
He said the game is expected to be published in late 2021.
Zynga relies on licensing deals with franchise owners, such as with a Warner Bros. Games For Harry potter And Walt disney For Star Wars, to publish themed games and through a slew of acquisitions has enhanced its position in the fast-growing mobile-gaming market.
The company said it is expected to be the primary growth market in Europe and Asia in 2021.
Net bookings for the fourth quarter stood at $ 699 million (about Rs 5,100 crore), with an estimate of $ 677.2 million (about Rs 4,900 crore). Zynga generates revenue primarily from the sale of virtual goods, such as currency and life, within its free-to-play games.
Monthly active users of Friends with Friends publisher doubled to more than 134 million from a year earlier as people spent more time online due to epidemic-induced restrictions.
© Thomson Reuters 2021
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