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Zynga hits Q4 earnings targets as CEO says ‘turnaround is now complete’

  • Posted byby Dean Takahashi
  • Updated
  • 4 min

Zynga reported a slight $559,000 profit on revenue of $249 million for the fourth quarter that ended December 31, surpassing its own targets. CEO Frank Gibeau said that Zynga’s overall 2018 results mean that the company’s long “turnaround is now complete.”

Zynga reported flat earnings per share on revenue of $249 million, up 7 percent from the same period a year ago; and bookings of $267 million, up 19 percent year-over-year. On an adjusted basis, income (earnings before income tax, depreciation, and amortization) was better than expected.

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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.