Zynga found its footing in mobile, and now it’s finding big growth

Zynga is once again one of the fastest-growing game developers. The studio saw its revenue jump to $306 million during the second quarter of its fiscal 2020. That’s up 41% year-over-year. The company also had bookings of $376 million, which is up 61% compared to the same quarter from its fiscal 2019. While the studio was once known for social-network games like FarmVille on Facebook, it has spent the last half decade attempting to shift to mobile. That transition is now over. Zynga now generates 95% of its revenue from mobile.

Both Zynga’s revenues and bookings were ahead of Wall Street estimates, and the stock is up around 1 percent in after-hours training. Investors are likely pleased to see that the developer has a lot of diversity in its strategy in the moment. Empires & Puzzles and Merge Dragons both hit record revenues during Q2. The long-running hit Words With Friends had its best Q2 for mobile revenue and bookings ever. And other familiar Zynga brands, like CSR2, Zynga Poker, and Hit It Rich Slots are all growing as well.