Social and mobile game company Zynga has released its Q2 2015 financial results, which saw revenue up for the quarter to $200 million. This is an increase of nine percent from Q1 2015, and an increase of 30 percent year-over-year. While revenue was up for the quarter, Zynga has less average daily active users (DAUs) overall, at 21 million. This is a decrease of 23 percent year-over-year and a decrease of 15 percent sequentially.
Still, Zynga’s overall growth on mobile continues, with the company’s mobile games accounting for 79 percent of its total DAUs, an increase of two percent from last quarter.
In a statement, Zynga CFO, David Lee, commented:
We generated $174 million in total bookings, an increase of four percent sequentially and above the top end of our guidance range. Our sequential increase in bookings was driven in part by our growth in mobile, which was up eight percent sequentially and 30 percent year-over-year.
The biggest drivers of our mobile growth were our Slots franchise, which grew 32 percent sequentially, and the launches of Empires & Allies and FarmVille: Harvest Swap. In terms of adjusted EBITDA, our result for Q2 was $1 million, above the high end of our guidance range. We’re particularly pleased to deliver these results even as we continue to make substantial investments in new game development, marketing for new game launches and core infrastructure in data and analytics.
In addition to its financial results, Zynga announced gaming industry veteran Frank Gibeau is joining its Board of Directors. Gibeau most recently served as Executive Vice President of EA Mobile until May 2015.
In terms of game development, Zynga announced it has secured a multi-year agreement with Warner Bros. Interactive Entertainment to license the Willy Wonka and the Chocolate Factory brand for social casino games. Zynga plans to release a mobile and Web slots game based on the brand in 2016.
Finally, Zynga announced plans to heavily invest in its ‘Invest Express’ category, which includes franchises like FarmVille. The company revealed it has three ‘experienced teams developing new Ville games’ which will be released in 2016.