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Revenues Increase 30% Annually for Zynga in Recent Quarter

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Zynga reports 2Q15 results

On August 6, 2015, Zynga (ZNGA) announced its 2Q15 results for the quarter ended June 30, 2015. It reported revenues of $199.9 million in comparison to $153.2 million in 2Q14. Gross profit for 2Q15 was $142.1 million compared to $101.9 million in 2Q14.

While revenues increased 30.48% YoY (year-over-year) in 2Q15, gross profit increased 39.45% in the same period. Operating income and net income reported in 2Q15 were -$27.70 million and -$26.9 million, compared to -$66.20 million and -$62.50 million in the same quarter last year. Earnings per share (or EPS) decreased from -$0.07 in 2Q14 to -$0.03 in 2Q15.

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Electronic Arts and Activision report impressive 2Q15 results

On August 4, 2015, Activision (ATVI) announced its 2Q15 results for the quarter ended June 30, 2015. It reported revenues of $1.04 billion in comparison to $970 million in 2Q14. Gross profit for 2Q15 was $747 million compared to $670 million in 2Q14. While revenues increased 7.62% YoY in 2Q15, gross profit increased 11.49% in the same period. Operating income and net income reported in 2Q15 were $332 million and $212 million compared to $310 million and $204 million in the same quarter last year. Earnings per share increased from $0.28 in 2Q14 to $0.29 in 2Q15. While operating income increased 7.09% YoY, net income and diluted EPS increased by 3.92% and 3.57%, respectively, in 2Q15.

On August 3, 2015, Electronic Arts (EA) announced its 2Q15 results for the quarter ended June 30, 2015, and reported revenues of $1.20 billion in comparison to $1.21 billion in 2Q14. Gross profit for 2Q15 was $1.03 billion compared to $847 million in 2Q14. While revenues declined 0.90% YoY in 2Q15, gross profit increased 21.60% in the same period. Operating income and net income reported in 2Q15 were $512 million and $442 million compared to $364 million and $335 million in the same quarter last year. Earnings per share increased as well from $1.07 to $1.42 in the same period.

While operating income increased 40.65% YoY, net income and diluted EPS increased by 31.94% and 32.71%, respectively, in 2Q15.

Activision makes up 0.33% of the Power Shares QQQ Trust, Series 1 (QQQ), and 0.93% of the First Trust ISE Cloud Computing Index ETF (SKYY).

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