Zynga, a leading developer of the world’s most popular social games that are played by millions of people around the world, has revealed its high revenues and it is getting ready for a new acquisition in the near future. According to data presented by Safe Betting Sites, Zynga’s quarterly net revenue increased by 68.5% year-over-year, reaching $680 million in the first quarter of 2021.
Zynga has revealed its revenue rates
Like many in the video game industry, Zynga saw engagement spike in 2020 as lockdowns forced people to shelter indoors in many parts of the world. As a result, Zynga posted strong numbers in many metrics in 2020, a trend that has continued on to 2021. In Q1 2021, Zynga posted a record quarterly revenue of $680.3 million – a 68.5% year-over-year increase from the $403.8 million revenue earned in Q1 2020.
Q1 2021’s revenue is also a 10% quarter-over-quarter increase from Q4 2020’s $616 million revenue. In the period from Q1 2018 – Q1 2021, Zynga’s quarterly revenue grew at an impressive Compound Annual Growth Rate (CAGR) of 9.53%. 97% of Zynga’s total revenue is generated from their mobile games which amounted to $660.7 million in Q1 2021.
Zynga’s user base grew significantly since Q1 2020
Zynga’s user base also rose sharply within the same reporting period. In Q1 2021, Zynga’s mobile games had 38 million average daily active users (DAU) This figure is a sharp year-over-year increase of almost 81% from Q1 2020’s 21 million average DAU. Zynga’s average monthly active users (MAU) grew even more in the same reporting period. In Q1 2020, Zynga registered 164 million MAU compared to just 68 million in Q1 2020 – a staggering 141% year-over-year increase.
Zynga is the 8th largest company in the market sharing
As of Q1 2021, Zynga had the 8th largest market share among mobile gaming publishers in the US with a 2.09% share. The company also recently announced plans to purchase the ad-technology company Chartboost clearly signaling Zynga’s intention to enter the mobile advertising industry.
Rex Pascual, the esports editor at Safe Betting Sites, commented;
“Zynga’s continued strong performance in Q1 2021, combined with publicised plans to purchase Chartboost has got investors very excited about what’s to come for Zynga. The company is well-positioned to sustain its impressive growth after not only adding an entirely new revenue stream but a very lucrative one at that.”
