Why Zynga Stock Climbed 12.5% in February

Why Zynga Stock Climbed 12.5% in February

Shares of Zynga (NASDAQ: ZNGA) gained 12.5% last month, according to data provided by S&P Global Market Intelligence. Zynga's fourth-quarter revenue increased 52% year over year to $616 million, although investors typically prefer looking at bookings (a non-GAAP measure of revenue) when evaluating the performance of video game companies. On that basis, Zynga did somewhat better, delivering $699 million in bookings, representing growth of 61% year over year.