Zynga is also leaving the NASDAQ on a bad note since the company of Frank Gibeau, a former Electronic Arts executive, remains in the red for two years with a net loss of $429 million in 2020 and $104 million. in 2021. On the other hand, turnover reached new heights last year with 2.4 billion dollars, an annual increase of 42%.
By taking over Zynga for the colossal sum of $12.7 billion, Take-Two Interactive gets its hands on 39 million daily active users and injects a huge cocktail of vitamins into its mobile segment, which currently represents 10% of total turnover against 72% for consoles and 18% for the PC.
Currently, Take-Two’s top performing mobile games are Two Dots and Top Eleven, titles whose studios were recently acquired for sums significantly less than Zynga’s bill. With over 4 billion games downloaded, Zynga’s catalog includes FarmVille, CSR-Racing, Empires & Puzzles, Merge Dragons, Harry Potter: Riddles and Spells, Game of Thrones: Slots Casino or Zynga-Poker.
“We believe our combination with Zynga will be transformative for our business as we build a powerful and diverse portfolio of industry-leading titles, while becoming a leader in mobile games. By delivering on our vision and unlocking cost synergies and revenue opportunities together, we believe we can achieve significant growth and create long-term shareholder value.“, comments Strauss Zelnick, President and CEO of Take-Two.