Stocks

Zynga Inc Q2 2017, Square Inc Q2 2017, Fitbit Inc Q2 2017 Earnings

Square Q2 2017 earnings, Fitbit Q2 2017 earnings and Zynga Q2 2017 earnings were released after closing bell tonight. Zynga reported earnings of 1 cent per share, up from losses of 1 cent per share a year ago. Revenue came in at $163.7 million, up from $135.8 million a year ago.

Fitbit posted non-GAAP losses of 8 cents per share on $353.3 million in revenue, compared to the analyst estimates of 15 cents per share in losses on $341.2 million in revenue. In last year’s second quarter, the company reported $586.5 million in sales.

Square Q2 2017 earnings were actually losses of 4 cents per share, compared to last year’s 8 cents per share in losses, on $552 million in net revenue and $240 million in adjusted revenue, versus the $439 million and $171 million, respectively, in last year’s second quarter. The consensus estimates were 5 cents per share in losses on $229 million in adjusted revenue.

Square Q2 2017 earnings, Fitbit Q2 2017 earnings Zynga Q2 2017 earnings
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Zynga Q2 2017 earnings

Zynga’s mobile revenue reached a new record of $180 million. Bookings grew 33% year over year, and mobile was 86% of total revenue and 87% of total bookings. Mobile online game revenue grew 39%, while mobile audience rose 28% year over year to 19 million daily active users. Adjusted EBITDA rose to $29.9 million from $18.6 million a year ago.

After Zynga Q2 2017 earnings were released, the game maker’s stock surged by as much as 5.3% to $3.77 in after-hours trades.

Fitbit Q2 2017 earnings

On a GAAP basis, Fitbit Q2 2017 earnings were actually loss of 25 cents per share, versus the year-ago quarter’s 3 cents per share in earnings. The company sold 3.4 million devices in the second quarter, a 14% sequential improvement. Adjusted EBITDA fell into the red, however, falling to -$28.2 million from $48.3 million last year.

After Fitbit Q2 2017 earnings were released, the company’s stock surged in after-hours trades, climbing by as much as 6.9% to $5.42.

Square Q2 2017 earnings

Square’s gross payment volume grew 32% year over year to $16.4 billion. Adjusted EBITDA increased to $36 million from $13 million a year ago. The company had guided for $25 million to $28 million in adjusted EBITDA. Square Capital’s loan volume surged 68% to $318 million.

After Square Q2 2017 earnings were released, the company’s stock ticked higher 0.34% to $26.55 in after-hours trades.

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