Friday, November 1, 2013
Huge Mobile Opportunity at Zynga
Another quarter and the user metrics at Zynga (NASDAQ: ZNGA ) continue to slump. The good news for the social game producer is that the company easily surpassed estimates on bookings and revenue, providing a level of comfort that the slide is coming to an end. The new CEO Don Mattrick hasn't so much produced new games as he has instilled confidence in the future.
Last quarter, Don outlined enormous future growth on mobile platforms that unfortunately other public game producers aren't reaching either. Massive game publisher Electronic Arts (NASDAQ: EA ) and small developer Glu Mobile (NASDAQ: GLUU ) have both struggled to capture significant market share from the future platform of gaming.
Read the full article here.
Disclosure: Long ZNGA and GLUU. Please review the disclaimer page for more details.