Forecast Of The Day: Zynga’s Online Games Revenue

November 8th, 2021 by Trefis Team
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Trefis
ZNGA: Zynga logo
ZNGA
Zynga

What?

Zynga’s (NASDAQ:ZNGA) Online Games Revenue has grown from around $1.05 billion in 2019 to $1.67 billion in 2020. Trefis expects the metric to rise further to around $2.3 billion in 2021 and $2.6 billion in 2022.

Why?

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We expect growth to be driven by acquisitions and the company’s focus on evergreen gaming categories and mobile games.

So What?

We don’t think the projected growth in Zynga’s revenue is priced into the stock yet. We value ZNGA at about $11 per share, about 55% ahead of the current market price.

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