KUALA LUMPUR, Feb 6 -- Zynga Inc, a global leader in interactive entertainment has achieved the highest quarterly and annual revenue and bookings in its history.
This follows the company’s newly-released financial results for its fourth quarter and full year ended Dec 31, 2019 by posting management’s Q4 2019 Quarterly Earnings Letter to its Investor Relations website.
According to a statement, the company also reported the best annual operating cash flow since 2011 of US$263 million, up 56 per cent year-over-year. (US$1 = RM4.12)
“Live services are the foundation of our multi-year growth strategy and were the primary driver of our highest-ever annual revenue and bookings,” said Zynga chief executive officer, Frank Gibeau.
“We expect to increase our live services portfolio from five to six forever franchises and have the potential to launch new titles in the second half of this year.”
View the Quarterly Earnings Letter at http://investor.zynga.com/financial-information/quarterly-results
-- BERNAMA
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