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.
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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.