Zynga also left Nasdaq after the company of former Electronic Arts executive Frank Gibeau posted a two-year loss in a row, with a net loss of $429 million in 2020 and a net loss of $104 million in 2021. On the other hand, last year’s turnover reached $2.4 billion, up 42% year-on-year.
With its massive $12.7 billion acquisition of Zynga, Take-Two Interactive gained 39 million daily active users and infused its mobile division, which now accounts for 10% of total turnover, compared to 72% for consoles 18% for PC.
Currently, Take-Two’s best-performing mobile game is two points and top eleven, whose studio was recently acquired at a price well below Zynga’s. Zynga has over 4 billion game downloads, including farmville, Corporate Social Responsibility Racing, Empires and Puzzles, Merge Dragon, Harry Potter: Riddles and Spells, Game of Thrones: Slots Casino or Zynga – Poker.
“We believe our merger with Zynga will be transformative for our business as we build a strong and diverse portfolio of industry-leading games while becoming a leader in mobile gaming. By delivering on our vision and jointly unlocking cost synergies and revenue opportunities, we believe we can achieve significant growth and create long-term shareholder value.”, commented Take-Two President and CEO Strauss Zelnick.