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Its probably just best to look at their financials in that there is a lot of interpretation. You can look at GAAP vs. non-GAAP and trailing and forward earning

Its probably just best to look at their financials in that there is a lot of interpretation. You can look at GAAP vs. non-GAAP and trailing and forward earnings as well as a number of other things to come to a P/E. In other words they are different depending on who is running the numbers and what metrics they are using. Probably best to come to your own conclusion... http://investor.zynga.com/releasedetail.cfm?ReleaseID=667869 http://investor.zynga.com/releasedetail.cfm?ReleaseID=667869 http://www.google.com/finance?q=NASDAQ:ZNGA&fstype=ii http://www.google.com/finance?q=NASDAQ:ZNGA&fstype=ii

joejohnson 14y ago
You can come to whatever conclusion you like, but the fact is Zynga has earnings. Read Fred Wilson's comments in this thread if you're still confused.
- moocow01 14y ago
  The fact is that under GAAP Zynga has had huge losses the last 2 quarters and under non-GAAP it has earnings. That is according to Zynga itself. For how the market responded to these mixed earnings figures you can look at Zynga's haircut since they announced the figures on the 27th which resulted in a drop of 10%
  - jpdoctor 14y ago
    > and under non-GAAP it has earnings. Yes, when it ignores arbitrary expenses, which are considered legitimate by GAAP, it turns a profit. Coincidently, when I ignore expenses incurred by my wife, my income also goes up considerably. Want to invest?
    - moocow01 14y ago
      Yeah I agree it is absurd - the discrepency in Zynga's GAAP and non-GAAP earnings over the past few quarters is disconcerting. My only hope is that investors seem to be catching on based upon recent stock moves. As I see it non-GAAP is fluff just being used to allow VCs to continue to move product at a good enough price.
jpdoctor 14y ago
> You can look at GAAP vs. non-GAAP non-GAAP is pure crap made up by the company, without any checks or balances. Such crap went crazy in the first tech bubble. The fact that people are plugging non-GAAP tells you everything you need to know about whether there's another bubble.

joejohnson 14y ago

You can come to whatever conclusion you like, but the fact is Zynga has earnings. Read Fred Wilson's comments in this thread if you're still confused.

moocow01 14y ago
The fact is that under GAAP Zynga has had huge losses the last 2 quarters and under non-GAAP it has earnings. That is according to Zynga itself. For how the market responded to these mixed earnings figures you can look at Zynga's haircut since they announced the figures on the 27th which resulted in a drop of 10%
- jpdoctor 14y ago
  > and under non-GAAP it has earnings. Yes, when it ignores arbitrary expenses, which are considered legitimate by GAAP, it turns a profit. Coincidently, when I ignore expenses incurred by my wife, my income also goes up considerably. Want to invest?
  - moocow01 14y ago
    Yeah I agree it is absurd - the discrepency in Zynga's GAAP and non-GAAP earnings over the past few quarters is disconcerting. My only hope is that investors seem to be catching on based upon recent stock moves. As I see it non-GAAP is fluff just being used to allow VCs to continue to move product at a good enough price.

jpdoctor 14y ago

> You can look at GAAP vs. non-GAAP non-GAAP is pure crap made up by the company, without any checks or balances. Such crap went crazy in the first tech bubble. The fact that people are plugging non-GAAP tells you everything you need to know about whether there's another bubble.