Conference call coordinator asks people to limit their questions to one. First person the line opens up to says he has two questions, and he asks them both.
by Matthew Keys10/24/2012 9:24:45 PM
Zynga CFO Wehner: "We built the best social games...we built a network around that audience...so that we could consistently take any great game to an audience of 6-8 million DAUs."
(Note: DAU = Daily Active Users)
by Matthew Keys10/24/2012 9:26:23 PM
Zynga CFO Wehner: "On mobile, we've already built the largest audience of any (gaming company) in the western world."
by Matthew Keys10/24/2012 9:26:47 PM
Zynga CFO Wehner: "There is no company or network that, today, has the kind of network effect to drive large scale distribution, and we believe we're in the best position to do that."
by Matthew Keys10/24/2012 9:27:19 PM
The conference call has started, Zynga's CEO Mark Pincus and CFO David Wehner will make statements during the call. Call is being led by Krista Bessinger, the Senior Director of Investor Relations.
by Matthew Keys10/24/2012 9:27:53 PM
Zynga CEO Pincus: "I believe that what Facebook referred to yesterday was -- they said that our share of ecosystem revenues in the last year was down 20 percent...either way, we're focused on building great games that continue to drive deeper engagement and consumer value, and we're doing it in some of our core areas like invest and express, and I think we've had a major breakthrough with Farmville 2. I think that we showed we could bring a terrific 3-D game to a mass market in a browser for free with a terrific design around it, and we're seeing great engagement and results. We have a similar 3-D game coming out really soon."
by Matthew Keys10/24/2012 9:30:55 PM
According to Zynga's website, there's currently 1.415 million people "playing now."
by Matthew Keys10/24/2012 9:32:24 PM
Zynga CFO Wehner: "Facebook makes changes to its algorithm all the time -- there's no set, firm way in which Facebook operates, there's changes all the time. We navigate those changes."
by Matthew Keys10/24/2012 9:32:53 PM
Zynga CEO Pincus: "Our number one goal at a platform level is to increase...we think that we can get more leverages, get some more genres and more game types faster by working with the rest of the industry and letting them leverage not just our large audience but the rest of our network features that drive high engagement..."
by Matthew Keys10/24/2012 9:34:56 PM
Zynga CEO Pincus: Biggest thing to look for Zynga doing next year is "continue to drive this network conversion on mobile."
by Matthew Keys10/24/2012 9:35:49 PM
Zynga CFO Wehner: "Poker continues to be a very storng game for us. It's not experiencing the same trend that...the (other older) games are experiencing."
by Matthew Keys10/24/2012 9:37:46 PM
Zynga CFO Wehner: "We've got some positive developments...but Farm(ville) 2 has been a real success in re-energizing the 'Farm' category."
by Matthew Keys10/24/2012 9:38:37 PM
Zynga CFO Wehner: "We're focused on making the right, disciplined choices around operating costs and capital expenditures...in the fourth quarter."
by Matthew Keys10/24/2012 9:39:53 PM
Zynga's revenue rises, beats Street; shares climb
Zynga Inc raised the lower end of its 2012 earnings outlook on Wednesday as the company reported a slight uptick in revenue that beat Wall Street's rock-bottom expectations.
Shares of Zynga jumped 16 percent to $2.47 in after-hours trade. The game publisher also announced a $200 million share buyback program and said it has begun a cost reduction plan expected to generate $15 million to $20 million in pretax savings.
The news was a bright spot after Zynga slashed its 2012 outlook earlier this month.
Quarterly revenue rose to $317 million, an increase of 3 percent from a year ago. The company revised its full-year adjusted earnings to between $152 million and $162 million, up from $147 million and $162 million.
Zynga CEO Pincus: Too early to report back metrics on impact of iOS 6, but believes impact "will be positive."
by Matthew Keys10/24/2012 9:41:49 PM
Zynga CEO Pincus: Hard to measure carryover of people going from Facebook to mobile for Zynga's games.
by Matthew Keys10/24/2012 9:42:21 PM
Reuters TV: Founder and CEO Mark Pincus takes a trip to Zynga's original headquarters, where he details what transformed the company from an idea to one with more than $1 billion in revenue. [From July 9, 2012]
by Matthew Keys10/24/2012 9:47:00 PM
Zynga CEO Pincus: "In terms of our overall market share on Facebook, we believe that our position on Facebook has been largely driven by our own execution, and as we've said we haven't been happy with our execution across the board...we haven't been consistently executing as we had hoped to for this whole year. We're encouraged in some of our core areas...we've done a great job maintaining our market position, even growing our market position...we've gained some good share on Android on mobile."
by Matthew Keys10/24/2012 9:50:47 PM
Zynga CEO Pincus: "We see a lot of growth opportunity on Facebook by innovating in some genres that are obviously have gained a lot in the past year, but we haven't maintained our pace of share in those genres."
by Matthew Keys10/24/2012 9:51:26 PM
Zynga CFO Wehner: Seen a lot of opportunities "come our way, but we've been selective" on mergers and acquisitions.
by Matthew Keys10/24/2012 9:51:59 PM
Zynga CFO Wehner: "We're continuing to invest in our core business on mobile and web."
by Matthew Keys10/24/2012 9:52:13 PM
Zynga CFO Wehner: See growth opportunity "on the web and on mobile."
by Matthew Keys10/24/2012 9:52:31 PM
A look at Zynga's stock over the past five days. [source]
by Matthew Keys10/24/2012 10:01:41 PM
The conference call has now passed the one hour mark.
by Matthew Keys10/24/2012 10:02:41 PM
Zynga CEO Pincus: "The three things that we're focused on doing well are driving the best games in the market...driving network conversion on mobile...and driving buyer conversion."
by Matthew Keys10/24/2012 10:03:27 PM
At the 1hr 03min mark, the conference call comes to an end, and we're once again greeted with the Call On Hold Symphonic Orchestra*.
HONG KONG - Thousands of pro-democracy protesters thronged the streets of Hong Kong early on Wednesday, ratcheting up pressure on the pro-Beijing government that has called the action illegal, with both sides marking uneasy National Day celebrations. | Video