Zynga has been a fascinating earnings story for the last year or so. Its revenues and bookings keep climbing -- the company's doing great! But it keeps posting these huge losses thanks to two studios it acquired last year doing....extremely well.https://twitter.com/GIBiz/status/1291138720805027841 …
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This is going to *keep going* into 2021, and Zynga is projecting a net loss of a whopping $550 million for the full year this year thanks to this. Even though, again, Zynga's doing great earnings-wise.
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To add to this, Zynga acquired Peak earlier this year, and that seems to be factoring into it increasing its projected full-year net loss, and it also just acquired Rollic today, which hasn't been factored in. Will be *very* interesting to see if these deals turn out similarly.
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