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Zynga as you saw -- reporting just moments ago beating estimates.
On both the top and the bottom -- let's bring in as Sean McGowan senior analyst at Needham and company but John after hours says stock is down a little bit.
Yeah I think it'd be the expectation that you are a number on revenue -- -- below our estimate on the Rhonda B yes but it's -- it's a pretty solid quarter advertising revenue more than doubled in the quarter.
You know overall bookings look so why -- -- -- -- a little after hours.
Well -- sure there is responding to resulted did it was trading up today I think -- in the stock over the last couple of weeks has been trading -- concern about rising competition concern about that depends on FaceBook and frankly concerned about a lot of potential of insider selling which you know move into the fundamental right you know they didn't lock up some people for awhile but there's still hundreds of -- shifted from its all over the next year.
-- disturbance at all to you that it's below its IPO price at this stage of the game.
I'm Kitsap surprise when the price the idea I thought it was it was too high thought you know something -- received a -- might make more sense at least for an IPO.
When it traded up to fourteen or so.
A great doing great but there was a lot of insider's -- includes DO so I'm not surprised industry now.
By the way you'll be happy to -- -- that this stock is just turned around.
Trading a little bit above its close today the bid is now at 955.
It ended the day at 942.
About what online gambling shot is there are a lot of expectations built into that.
Think that there's a lot of talk about it and and people will be very excited that you were able to get to that that this has been a lot -- of minefield for years of companies have waded into it.
And one of getting blown up and regulatory -- if they can do if it is going to be a gold mine not so much for them.
You know they are very well positioned to market to their existing customer base -- probably nobody's better positioned to do that and they are minority leader and some of the online.
Would you overtime games.
But we -- whether or not that you get clear field to do that is does anybody.
Yes EA electronic arts is actually making some inroads in social gaming such as the -- it's gotten pretty darn popular particularly among the key demo of women.
That stock moved higher by about 6% today.
Is there any way that the folks over there could look at this and say not only can we do what they're doing but were not so heavily dependent on FaceBook.
I've -- that that's a good point and frankly you should have been doing this earlier.
-- -- -- partnership with with Hasbro for example to do Hasbro's board games as digital games.
And you know one of the most popular music and games his words with friends which is nothing more than -- -- YEA.
And Hasbro -- already out there are problems with the version of scrabble.
For FaceBook is is anybody's guess.
He has done a lot of property is the problem with the broadest and deepest companies.
In terms of properties I think they're going to be the dominant company on mobile as well as as -- is not the only -- UK dot -- and -- -- -- -- European companies.
If we're making -- And competition fun good decision on thank you very very much and -- the 5% jump for electronic arts today shop a gallon good to see -- --
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