American video game publishing company, Zynga, got investors excited after revealing strong 2020 numbers and an exciting acquisition plan for the future. According to data presented by SafeBet, Zynga’s quarterly net revenue increased by 68.5% YoY, reaching $680M in Q1 2021.
Zynga Posted YoY Revenue Growth of Close to 70%; CAGR at almost 10% from 2018-2021
Like many in the video game industry, Zynga saw engagement spike in 2020 as lockdowns forced people to shelter indoors in many parts of the world. As a result, Zynga posted strong numbers in many metrics in 2020, a trend that has continued on to 2021. In Q1 2021, Zynga posted a record quarterly revenue of $680.3M – a 68.5% YoY increase from the $403.8M revenue earned in Q1 2020.
Q1 2021’s revenue is also a 10% QoQ increase from Q4 2020’s $616M revenue. In the period from Q1 2018 – Q1 2021, Zynga’s quarterly revenue grew at an impressive Compound Annual Growth Rate (CAGR) of 9.53%. 97% of Zynga’s total revenue is generated from their mobile games which amounted to $660.7M in Q1 2021.
Zynga’s User Base Grew Significantly Since Q1 2020
Zynga’s user base also rose sharply within the same reporting period. In q1 2021, Zynga’s mobile games had 38M average daily active users (DAU) This figure is a sharp YoY increase of almost 81% from Q1 2020’s 21M average DAU. Zynga’s average monthly active users (MAU) grew even more in the same reporting period.
In Q1 2020, Zynga registered 164M MAU compared to just 68M in Q1 2020 – a staggering 141% YoY increase.
Zynga Has 8th Largest Market Share; Announces Plans to Make $250M Acquisition
As of Q1 2021, Zynga had the 8th largest market share among mobile gaming publishers in the US with a 2.09% share. The company also recently announced plans to purchase the ad-technology company Chartboost clearly signalling Zynga’s intention to enter the mobile advertising industry.
Rex Pascual, esports editor at Safe Betting commented;
“Zynga’s continued strong performance in Q1 2021, combined with publicised plans to purchase Chartboost has got investors very excited about what’s to come for Zynga. The company is well-positioned to sustain its impressive growth after not only adding an entirely new revenue stream but a very lucrative one at that.”
NPower News: FG Commences Processing Of November Stipends To Batch C Beneficiaries
Batch C beneficiaries of the NPower scheme should expect their November stipend soon, as the Payroll Status has now been converted from pending to processing.
Investors King learnt that a few beneficiaries have started receiving their alerts as of Tuesday morning.
Recall that Investors King had earlier reported that there are indications that the November and December stipends will be paid to all beneficiaries in the first week of February. The stipend for these two outstanding months had already been approved by the Minister for Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq and should be disbursed soon.
Meanwhile, about 80% beneficiaries of the Npower scheme have received their September and October stipends. Those who are yet to receive their payment are encouraged to exercise patience and also verify their details for any error. The scheme noted that there might be a delay in payment due to Nigeria Inter-Bank Settlement Scheme (NIBSS) validation, as this validation takes quite a while.
Beneficiaries with complaints of detected errors in their details are expected to send their correct particulars to email@example.com to effect the necessary changes.
The scheme has also disclosed that beneficiaries for Batch C, stream 2 are yet to be shortlisted. “Disregard any information that says it has. You will be notified if you are shortlisted when shortlisting is done”, it warned.
The NPower scheme was set up by the President of Nigeria, Muhammadu Buhari on 8 June 2016 to address the issues of youth unemployment and help increase social development.
The NPower scheme is categorized into Graduate Programmes and Non-Graduate Programmes and is targeted towards providing solutions to the nation’s under-developed public services like education, healthcare, and civic engagement.
Francis Ngannou Defeats Ciryl Gane, Displays Unique Wrestling Skill
Cameroonian UFC Heavyweight Champion of the World, Francis Ngannou, defeated Ciryl Gane to retain his belt with shocking wrestling and grappling skills no one saw coming leading up to the fight.
When the UFC 270 main event between heavyweight champion Francis Ngannou and interim champ Ciryl Gane was made official, it’s unlikely anyone expected an Ngannou win to come on the strength of his wrestling and jiu-jitsu. That’s exactly how the fight played out on Saturday night, however, with Ngannou surviving some rough early rounds before leaning on an unlikely combination of takedowns and ground control to pull away and take a unanimous decision victory inside the Honda Center in Anaheim, California.
Gane came out wanting to grapple with Ngannou, pushing forward and ending up in a clinch, though Ngannou was able to easily fight off the takedown attempt. From there, the expected striking battle broke out, with Gane using his slick footwork to try to move around the Octagon and pick angles and Ngannou looking for his trademark bombs.
The problem for Ngannou was actually finding Gane to land those shots. The grappling early appeared to drain Ngannou’s gas tank and he then was forced to chase Gane around the Octagon, with Gane casually moving, turning sideways and touching Ngannou with a variety of strikes as he built up a lead through cleaner work in the opening rounds.
In the third round, Ngannou finally had a moment, catching a Gane high kick and turning it into a massive body slam to end up on top in side control. Gane was able to escape back to his feet, only taking a few punches when he gave up his back to get back to standing only for Ngannou to again briefly take the fight to the ground. Shockingly, Ngannou scored with another takedown late in the round.
Having seen an unexpected side of Ngannou’s game, Gane looked to maintain distance with a steady diet of kicks in the fourth round, but Ngannou managed another takedown when he was able to close the distance and grab a body lock. Gane fought back to his feet only to be taken down yet again, keeping the fight on the ground for the remainder of the round.
With the fight seemingly tied up at two rounds apiece after Ngannou’s grappling had turned the tide, the fifth round seemed to be where the fight would ultimately be decided. After some early striking from Gane, he stepped inside and scored his own takedown, putting Ngannou on his back. Gane then made a pivotal mistake, abandoning the position in search of a leg lock.
Ngannou survived the leg lock to end up in top position, battling to improve his position while not doing much damage with strikes before the final horn.
The decision to go for the leg lock did prove to be Gane’s undoing, as the official scorecards read 48-47, 48-47, 49-46, all for Ngannou.
“I knew that he was going to be a tough opponent, no doubt,” Ngannou said after the fight. “I was surprised that he held on to the end of the fight but he was very good. The only thing that I had to do, that my coach reminded me all the time, was stay composed. Trust yourself, don’t chase him.”
Ngannou also confirmed rumors of a pre-fight knee injury while discussing the build to the fight.
“I hurt my knee, tore my MCL completely and hurt my ACL,” Ngannou said. “I wanted to pull out of this fight but couldn’t see myself retreating from this fight because it was a chance to make a statement and remind everyone that I’m the champ.”
CBS Sports was with you the entire way on Saturday bringing you all the results and highlights from the UFC 270 below.
UFC 270 card and results
- Francis Ngannou (c) def. Ciryl Gane via unanimous decision (48-47, 48-47, 49-46)
- Deiveson Figueiredo def. Brandon Moreno (c) via unanimous decision (48-47, 48-47, 48-47)
- Michel Pereira def. Andre Fialho via unanimous decision (29-28, 29-28, 29-28)
- Said Nurmagomedov def. Cody Stamann via first-round submission (guillotine choke)
- Michael Morales def. Trevin Giles via first-round TKO (punches)
- Victory Henry def. Raoni Barcelos via unanimous decision (30-27, 30-27, 30-27)
- Jack Della def. Pete Rodriguez via first-round TKO (punches)
Petrol Company Owner Arraigned Over Alleged N38.2m Fraud, Tax Evasion – EFCC
The Kaduna State chapter of the Economic and Financial Crimes Commission (EFCC) has accused the owner of Najaatu Petroleum Limited, Wasila Musa Ibrahim of money laundering and tax evasion.
In 2020, Ibrahim had reportedly defrauded a company known as Lee Group of a total sum of Thirty-Eight Million, Two Hundred Thousand Naira (N38,200,000). According to the EFCC, the suspect had approached the Lee Group owner with a business proposal to supply the company Diesel and Premium Motor Spirit (petrol).
Using the name of her company, Ibrahim collected the money from the victim and his family members, diverting it for her personal use.
According to the victims, after learning of the fraud, Wasila Ibrahim lied that she had paid the money with one Alhaji Lawan who allegedly absconded and could not be reached.
The suspect was then reported to the antigraft agency, after which investigations revealed that she never did pay the N38.2 million meant to supply petrol. The investigations also led to the discovery that Ibrahim’s company, Najaatu Petroleum Limited had evaded tax payment from January 2013 to 2020.
The suspect arraigned on Thursday before Justice Mohammed Nasir Yunusa of the Federal High Court, Kano was accused of money laundering and tax evasion.
One of the twelve counts charges against the defendant reads: “That you, Wasila Musa Ibrahim “F”, sometime in October 2020, in Kano within the Jurisdiction of this Honourable Court did make a cash payment of the sum of N38,200,000.00 (Thirty-Eight Million and Two Hundred Thousand Naira) only to one Alhaji Lawan for the purchase of five (5) trucks of Diesel without passing through a financial institution and you thereby committed an offence contrary to Section 1 (a) of the Money Laundering (Prohibition) Act, 2011 (As Amended) and punishable under Section 16(2) (b) of the same Act.”
The second charge against her by the EFCC also read: “That you, Wasila Musa Ibrahim “F”, Managing Director of Najaatu Petroleum Limited and Najaatu Petroleum Limited sometime in January, 2013 in Kano, within the jurisdiction of this Honourable Court, did fail to pay your company income tax for the year 2013 to the Federal Inland Revenue Service and you thereby committed an offence contrary to Section 9 (1) (a) of the Companies Income Tax Act, 2004 and punishable under Section 82 of the same Act”.
The case was however adjourned after the defendant pleaded not guilty to the charges read before the court.
Leading the prosecution counsel, Y. J. Matiyak prayed the court to set a date for the hearing and remand of Ibrahim, while she remained in EFCC custody. However, Ibrahim’s legal counsel, Suleiman Abdulrahim informed the court of a pending application for bail of the defendant, requesting that she be admitted to bail. The prosecution swiftly moved against the request.
The judge, Justice Yunusa, in his ruling adjourned the case and ordered that the defendant remained in EFCC custody until the hearing of her bail application, holding on February 8, 2022.
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