Mobile games developer Zynga has been facing a steady growth since March 16, although its Q1 2020 earnings became negative while the revenue slightly decreased, and operating expense has grown by almost $90 million. Furthermore, total equity gross minority interest fell to $1.855.579.000. Meanwhile, the total debt increased by $2.2 million.
Especially in May, the stock performs well by $0.8 growth. After the lockdown, its revenue may grow thus making the earnings positive again. Right now, gaming enthusiasts cut spending on making micro-transactions inside Zynga’s games because most of them are not paid on leave. Mobile gaming is widely spread and taking more share from desktop gaming which mostly prefers pirate or cracked versions of games.
Editor in Chief.
Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life