Zynga Poker Classic
Zynga Poker Classic
Categories

Why Zynga founder Mark Pincus is confident about the former juggernaut’s turnaround

  • Posted byby Dean Takahashi
  • Updated
  • 7 min

Social mobile gaming company Zynga made Wall Street investors cringe this week. It beat earnings expectations in its fourth fiscal quarter earnings report on Wednesday, but chief executive Mark Pincus offered cautious guidance for the next quarter and delayed two major games.

The company’s stock fell, and its valuation slipped from $1.9 billion to $1.7 billion. Zynga still has a lot of potential and a long way to go to make up with Wall Street, as it offered timid projections about its upcoming first quarter. And it delayed Dawn of Titans and CSR 2 (the sequel to CSR Racing) until the second half of 2016. The company also lost users in the quarter because it didn’t launch any new games.

Unlock premium content and VIP community perks with GB M A X! Join now to enjoy our free and premium perks. 

Join now →

Sign in to your account.

Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.