Matthew Bromberg Appointed Chief Executive Officer and President Interim Chief Executive Officer Jim Whitehurst Named Executive Chair of the Unity Board Company to Release First Quarter 2024 Financial Results on May 9, 2024 Unity (NYSE:U) (the "Company"), the world's leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platforms, today announced that Matthew Bromberg has been appointed Chief Executive Officer, President, and a member of the Unity Board of Directors, effective May 15, 2024. Interim Chief Executive Officer Jim Whitehurst has been appointed Executive Chair of the Unity Board while Roelof Botha will transition fro

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) and Zynga Inc. (NASDAQ:ZNGA), two leaders in interactive entertainment, announced today that the stockholders of each organization have approved all proposals related to Take-Two's combination with Zynga at each company's respective Special Meeting of Stockholders. As a result, the closing of the business combination is expected to occur on May 23, 2022 before market open, subject to the satisfaction of the remaining customary closing conditions. Shares of Zynga will cease trading after the market close on May 20, 2022, and following the closing, Zynga will no longer be listed on the NASDAQ exchange. This press release features multimedia. V

Delivers Strong Quarterly Revenue and Bookings Reports Highest Ever Q1 Advertising Revenue and Bookings Continued Execution Across Multi-Year Growth Strategy Zynga Inc. (NASDAQ:ZNGA) today released financial results for the first quarter ended March 31, 2022. "We started off 2022 with a strong quarterly performance, achieving our highest ever Q1 advertising revenue and bookings led by our hyper-casual portfolio," said Frank Gibeau, CEO of Zynga. "Through continued execution across all aspects of our multi-year growth strategy including live services, new game development and investments in our advertising platform, new markets and technologies, we are strengthening our position as a lea

Zynga Inc. (NASDAQ:ZNGA), a global leader in interactive entertainment, today announced that Bernard Kim, Zynga's President of Publishing, is leaving the Company to become CEO of Match Group. Mr. Kim will remain with Zynga until May 30, 2022 to support transition efforts. "For the last six years, Bernard has been a trusted partner to me and the entire leadership team as we have worked hard to deliver on our mission to connect the world through games," said Frank Gibeau, CEO of Zynga. "Bernard has played an important role in our Company's leadership team as we've broadened our offerings, built our presence in the industry and delivered unparalleled games to our players. On behalf of everyon

Zynga Inc. (NASDAQ:ZNGA) today announced it will report its first quarter 2022 financial results on Monday, May 9, 2022, at approximately 1:05 p.m. Pacific Time (4:05 p.m. Eastern Time) via press release. Due to the pending transaction with Take-Two Interactive Software, Inc. announced on January 10, 2022, Zynga will not host a conference call or provide forward guidance in connection with the release of its quarterly results. About Zynga Inc. Zynga is a global leader in interactive entertainment with a mission to connect the world through games. With massive global reach in more than 175 countries and regions, Zynga has a diverse portfolio of popular game franchises that have been downlo

Everyone's Favourite Treasure Hunter, The Niffler, Can Be Collected as a Permanent In-game Creature for the First Time Zynga Inc. (NASDAQ:ZNGA), a global leader in interactive entertainment, announced that its magical Match-3 mobile game, Harry Potter: Puzzles & Spells, is introducing a special in-game series of events in conjunction with the launch of Warner Bros. Pictures' new film, "Fantastic Beasts: The Secrets of Dumbledore," now playing in theatres worldwide. The events can be glimpsed in this trailer: Watch Now This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220419005729/en/Harry Potter: Puzzles & Spells Celebrates "Fantas

Latest Expansion to Iconic FarmVille Franchise Released on the Apple App Store and Google Play in Japan Zynga Inc. (NASDAQ:ZNGA), a global leader in interactive entertainment, announced today that FarmVille 3, the latest title in its hit FarmVille franchise, has been released in Japan. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220413005208/en/FV3 Japan (Graphic: Business Wire) FarmVille 3 launched in most countries worldwide on November 4, 2021. Now, after being fully localized for Japanese players, it is rolling out in Japan. Players in the region can now enjoy all current and previously released content, including adorabl

Innovative Zynga Cross-game Collaboration Invites Players to Combine Their Love for Puzzles and Word Games with Playful Competition and Camaraderie Zynga Inc. (NASDAQ:ZNGA), a global leader in interactive entertainment, announced that players will be able to enjoy a collaboration campaign between its beloved Harry Potter: Puzzles & Spells and Words With Friends 2 flagship games, the first such endeavor between the two titles. As part of the collaboration, Words With Friends 2 is featuring ‘Magical' as the Word Of The Day on March 21, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220321005379/en/(Graphic: Business Wire) Bo

World's Second Largest Mobile Golf Game Celebrates Milestones While Inviting Players to Hit the Links in New Anniversary In-game Events Today, StarLark, a subsidiary of Zynga Inc., announced it is celebrating the fourth anniversary of its popular fantasy-themed mobile golf game, Golf Rival, with multiple upcoming in-game events for players. To celebrate the title's exciting growth, StarLark is sharing important milestones from the past four years as it looks to the future. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220317005196/en/4 Year Anniversary (Graphic: Business Wire) Four-year Anniversary Milestones Golf Rival provid

Continues to Expect Take-Two Interactive Software Transaction to Close in First Quarter of Take-Two's Fiscal Year 2023, ending June 30, 2022 Zynga Inc. (NASDAQ:ZNGA), a global leader in interactive entertainment, today announced the completion of the "go-shop" period under the previously announced merger agreement (the "Agreement") with Take-Two Interactive Software (NASDAQ:TTWO) ("Take Two"). Zynga is now subject to "no-shop" provisions under the Agreement that limit its and its representatives' ability to solicit alternative acquisition proposals, subject to customary "fiduciary out" provisions. Zynga also announced today the expiration of the antitrust waiting period under Hart-Scott-Ro

While the market waits on regulatory approval of Microsoft's (NASDAQ:MSFT) takeover, Activision Blizzard (NASDAQ:ATVI) is on the verge of releasing a flurry of new content that should drive results in Q3 and Q4. Benchmark noted the content and called it a "significant" second-half catalyst that should drive growth into 2023. Names on the roster include new releases in the Call of Duty, World of Warcraft, and Overwatch brands while a new Diablo release is slated for next year.  Moffet Nathanson recently upgraded the stock citing a 20% discount to the Microsoft offer. They upped the stock to a Buy and raised the target to $95, in line with the analyst consensus. In their view, the deal with M

According to data from Benzinga Pro, during Q1, Zynga's (NASDAQ:ZNGA) reported sales totaled $694.90 million. Despite a 63.6% increase in earnings, the company posted a loss of $24.50 million. In Q4, Zynga brought in $726.60 million in sales but lost $67.30 million in earnings. What Is Return On Capital Employed? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q1, Zynga posted

Reuters Your Gaming Options Are Set To Explode — Thanks To TikTok ByteDance-owned TikTok is testing games on its short-form video platform through a tie-up with Zynga Inc (NASDAQ:ZNGA) as it plans to foray into new waters. TikTok is planning to make gaming more widely available in Southeast Asia as early as the third quarter, people familiar with the matter told Reuters. The Chinese company is reportedly carrying out tests in Vietnam, where 70% of the population is under 35 years, and an attractive market for TikTok rivals such as Facebook parent Meta Platforms Inc (NASDAQ: FB) and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG). Harley-Davidson Suspends Motorcycle Production, S

ByteDance-owned TikTok is testing games on its short-form video platform through a tie-up with Zynga Inc (NASDAQ: ZNGA) as it plans to foray into new waters, Reuters reported on Friday. What Happened: TikTok is planning to make gaming more widely available in Southeast Asia as early as the third quarter, people familiar with the matter told Reuters. The Chinese company is reportedly carrying out tests in Vietnam, where 70% of the population is under 35 years, and an attractive market for TikTok rivals such as Facebook parent Meta Platforms Inc (NASDAQ: FB) and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG).  TikTok has tested HTML5 games through third-party developers like Zynga, according t

ByteDance Ltd owned TikTok conducted tests for users to play games on its video-sharing app in Vietnam, marking its major push into gaming, Reuters reports. Featuring games on its platform would boost advertising revenue and user time on the app. The Meta Platforms Inc's (NASDAQ:FB) Facebook rival looks to roll out gaming more widely in Southeast Asia by the third quarter. Also Read: TikTok Revenue Set To Surpass Twitter, Snap Revenue Combined TikTok tested bringing HTML5 games, a common form of minigame, to its app through tie-ups with third-party game developers and studios like Zynga Inc (NASDAQ:ZNGA).  Boasting a tech-savvy population with 70% of its citizens under 35, Vietnam is

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) and Zynga Inc. (NASDAQ:ZNGA), two leaders in interactive entertainment, announced today that the stockholders of each organization have approved all proposals related to Take-Two's combination with Zynga at each company's respective Special Meeting of Stockholders. As a result, the closing of the business combination is expected to occur on May 23, 2022 before market open, subject to the satisfaction of the remaining customary closing conditions. Shares of Zynga will cease trading after the market close on May 20, 2022, and following the closing, Zynga will no longer be listed on the NASDAQ exchange. This press release features multimedia. V

-Reuters Citing Sources

Video game company Take-Two Interactive Software (NASDAQ:TTWO) reported fiscal fourth-quarter financial results Monday. Analysts weighed in with their thoughts on the report and the pipeline of games ahead. The Take-Two Analysts: Credit Suisse analyst Stephen Ju has a Neutral rating on Take-Two and lowered the price target from $190 to $182. Raymond James analyst Andrew Marok has a Market Perform rating on Take-Two and no price target. The Analyst Takeaways: Take-Two reported fourth-quarter revenue that beat the average analyst targets. Ju said the results “fell short of our estimates.” Going forward, Ju pointed to several catalysts for the company, with a strong slate of titles set to

The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From 13F Season: Investors who follow particular fund managers can easily look up what each was buying and selling in the quarter, but other investors may be more interested in overall themes from 13F filings. The first quarter of 2022 was a brutal quarter for the S&P 500, and investors were likely interested in what top managers were buying and selling heading into the second quarter. Google parent Alphabet has the attention of fund managers, with Tepper and Loeb selling and Soros and Klarman