This post was originally published on this site
However, gaming services provider Zynga Inc. (ZNGA) has not been able to maintain its market position of late. The company recorded a $5.5 million operating loss and a $23 million net loss in the first quarter of 2021. Over the past month, the stock’s price has declined 7.8%. In addition to that, the company’s multiple acquisitions over the past few quarters could significantly increase its expenses and drain its cash reserves.
Meanwhile, other companies in this space have been able to capitalize on the industry tailwinds by quickly adapting to changing customer preferences for video gaming. Specifically, we believe Activision Blizzard Inc. (NASDAQ:ATVI), Take-Two Interactive Software Inc. (TTWO), and Gravity Co. (GRVY) are better bets than ZNGA, given their tremendous growth prospects and expanded capabilities.
