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 …
I very badly want an analyst who understands this better than I do to explain it to me, because it just seems inexplicable to me, especially since Zynga KEEPS ACQUIRING MORE STUDIOS and I feel like this should maybe mean hitting the brakes (or offering different terms at least)
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We will probably never know, I suspect the contingency is more than just a post buyout incentive bump at that kind of overrun. More likely some adjustments spotted during due diligence.
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