By Gamesforum Staff

Zynga announced their highest Q3 bookings yesterday during a third quarter results conference call. The company posted the highest revenue and bookings performances in Zynga history with revenue of $503 million, up 46% year-over-year, and bookings of $628 million, up 59% year-over-year.

The growth was nearly all in user pay bookings (IAP) with advertising revenues of $67 million responsible for just 11% of the total.

The strong quarterly results come on the back of a busy few months for the San Francisco based company with the acquisition of hypercasual publishers Rollic in October alongside the successful launch of IP based game Harry Potter: Puzzles and Spells in late September.

Zynga CEO, Frank Gibeau commented, “we delivered strong results in Q3, ahead of guidance across all key financial measures, including our highest ever quarterly revenue and bookings and best Q3 operating cash flow. Execution of our multi-year growth strategy has driven our tremendous results to date and generated positive momentum across our live services and overall business. Extending our strength in live services, we recently launched one of our key franchises Harry Potter: Puzzles & Spells to global fanfare and positive player reviews and closed our acquisition of Rollic on October 1 – marking our entry into the high-growth, hyper-casual games category. Today, we are raising our full year 2020 guidance and are uniquely positioned to be an interactive entertainment growth leader in 2021 and beyond.”