Mattrick on Zynga outlook: "We can do better"

New CEO Don Mattrick says company has failed to meet player, investor, and internal expectations; outlines plan to turn company around.

New Zynga CEO Don Mattrick has spoken out about the social game company's recent loss-filled earnings report, saying the company has failed to meet player, investor, and internal expectations, and "can do better."

"It’s clear that the market opportunity around us is growing at an incredible clip. It’s also clear that today we are missing out on the platform growth that Apple, Google and Facebook are seeing," Mattrick said on a recent earnings call. "In short, we can do better."

Mattrick explained that over the course of the next few months, he will work with Zynga's leadership team to "challenge previous assumptions and to focus on business fundamentals," areas he said the company has struggled in for the past year.

"Getting a business back on track isn’t easy and isn’t quick," Mattrick said. "We have a lot of hard work in front of us but I believe we can succeed as a team and Zynga can do this."

"There‘s no denying we’re not where we want to be. We’ve not met our investors’ expectations, we’ve not met our own expectations, and most importantly, we’ve not met our players’ expectations," he added. "But there’s also no denying that we have what it takes to get back to winning."

To return to form, Mattrick said Zynga must "get back to basics," meaning the company must take a longer-term view on its products and business. This also includes developing more efficient processes and "tightening up" execution across leadership.

In the next 90 days, Mattrick said he is focused on "getting under the hood" to evaluate "every aspect" of Zynga's business. This includes "top-to-bottom" business reviews and spending time "heads down" with development teams in an effort to improve product quality.

This company review also includes Mattrick examining how the company is deploying people "at all levels of the company." He will also use the review period to "assess and reset our product pipeline."

"I see the potential in all parts of our business--from regaining share on Facebook to leveraging our IP, our network, and our knowledge for mobile," Mattrick said. "And, because of what the company has already achieved, I believe we have the staying power to successfully navigate our transition and create connected experiences that span multiple devices and multiple operating systems."

Overall, Mattrick said Zynga is still a "young company," and one that has the ability to "break some bad habits and get back to some good fundamentals."

"There are good winds at our back--my job is to get our sails up and Zynga pointed in the right direction," he said.

Mattrick left his post as president of Microsoft's Xbox division earlier this month to join Zynga as its new CEO. The company reported a $15.8 million loss yesterday and revealed it lost nearly half of its daily active players year-on-year.

Zynga also announced yesterday that it will not pursue a license for real-money gaming in the United States, though it continues to examine options overseas.

Written By

Eddie Makuch is a news editor at GameSpot, and would like to see the Whalers return to Hartford.

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Discussion

142 comments
lcrava
lcrava

If Zynga is serious about doing better they should've never hired Mattrick as their CEO. Maybe running the office mail department so he could put restrictions and DRM in the mail delivery. The whole gaming industry will be better off with Mattrick gone, so when Zynga goes down, I hope he goes with it.

93ChevyNut
93ChevyNut

I half expect Mattrick to start saying adonis DNA, tiger blood, and winning!!!

93ChevyNut
93ChevyNut

Is it just me or does this picture look like 2 dudes standing inside a huge CPU cooler?

Fursnake
Fursnake

Saying that Zynga can do better is a given being that they Zynga SUCKS! They shit out shit games and expect people to throw money at them and then they lose money, go figure.

FTB_Screamer
FTB_Screamer

Gamespot Top News: Analyst predicts Zynga will loose at least $19 million this year.

souphak
souphak

You put a failure of a CEO into a failing company and expect it to succeed.

"Boy, we never saw THIS coming!"

SlowMotionKarma
SlowMotionKarma

A company that is almost entirely dependent on another company's success that produces what more and more are considering "sup par" games is having troubles? *searches for picture of O RLY owl*

I like his execu-speak though. Investors worried about Zynga's future. "Don't you worry about Zynga's future, let me worry about blank."

"I'm going to dive in head down and top-to-bottom evaluate the previous assumptions of the expectationary business models from our customer's feedback and get back to basics with a fundamental approach that will shift paradigms outside of the box to return our company to the future of the past successes while forging a long-lasting tightened up plan to turn this company around over the next 90 days of our young company's life so we can succeed as a team. Synergy."

Joe51187
Joe51187

MUTHA FUCKIN' MATTRICK, TRYINA PULL A HAT TRICK

rktPYZQShWz
rktPYZQShWz

Off-topic but I have to ask, does anyone else notice that picture SCREAMS AWKWARD GAMERS?

nousername66
nousername66

Social games are crap that's why the business is doing bad

cirugo
cirugo

so when Zynga goes tits up is someone else going to continue to hire this tool?

VenkmanPHD
VenkmanPHD

Zynga is stupid. And people who play facebook games are stupid too.

Also, I can't wait to see mattrick screw up here too.

jurk182
jurk182

Neat. He is a CEO of a huge company and not only thinks the shitty video games Zynga makes should make them grow laterally with Facebook and Apple, but he still thinks Facebook and Apple are actually still growing.

Shango4
Shango4

Don Mattrick  AKA 004

dom28
dom28

"We can do better" = Let's see how I can fuck this company over to the max, all while retaining that stupid grin on my face :D.

6orange6
6orange6

Zynga made its name by ripping off other creators IP. 

When it was small, it got away with this, it was under the radar. 

Now it is huge and bloated, if captain clown here wants to return to what made the company great, they will be mired in copyright law suits from here until the end of time.

Nibraybirk
Nibraybirk

Same thing he said after they posed for that picture. Turns out they couldn't.

andrew_ribbons
andrew_ribbons

Mattrick nearly nukes Xbox, now he's busy finishing off a company he can really get his weasle fangs into.  Sad times.

chibi-acer
chibi-acer

Zynga is trying to improve themselves through better business strategy, when they should be working on better gameplay.

EL_Bomberdor
EL_Bomberdor

By better does he mean worse? I'm never sure if Mattricks goals is to do bad or good...

grasshopper6
grasshopper6

how bout making the games  work everyday and not every other day, that's why I'm done with zynga for good way toooooo many problems with their games 

Sydrum
Sydrum

Ahh Mr. Mattrick, you and Zynga are an excellent representation of everything that is wrong with the world. 

Greed, greed and more greed coupled with targeting simple minded idiotic (sometimes simply misinformed) consumers who would actually pay for those microtransactions. I hope your company burns down to the ground.

PS: Get a haircut FFS! Nobody wears their hair like that anymore.

Ayato_Kamina_1
Ayato_Kamina_1

Zynga should have done what every other "flash in the pan" mobile gaming company did and sold themselves to a bigger company to strip them for IP licences and what not. At least that way the owner would have netted a nice amount of cash.

Jmalk
Jmalk

Weeeeee got a winner !

001011000101101
001011000101101

This guy totally knows what people want, so good luck to them.

sargentpsgamer
sargentpsgamer

The first move he made? Get rid of the one things doing Zynga good and watch stock plummet even further..... Good thinking on that one.....

helldragonzer
helldragonzer

First thing to do better, get rid of Don Mattrick.

DesertLynx83
DesertLynx83

Mattrick: We can do better!


Yea, they can, but it sure isn't gonna be with you!

jhcho2
jhcho2

This is why Pincus hired Mattrick - to act as the 'idiot' running the company, while Pincus chills on the sidewalk

ilantis
ilantis

On totally unrelated news: 

Zynga loosing more that 1m$ a month for totally unknown resons, Mattrick's comment : "We are going to be back on track, the company is reassessing new ways to intercommunicate with our consumer base and deliver value".

Next on:

Layoffs at Zynga , Mattrick's comment :"We are restructuring our resources in order to create teams based with functional potential structures of eventual revenue with a oriented player model online. Value, future, TV.". Zynga still loosing more than 1m$ a month.

Next:

Don Mattrick "leaving" Zynga, will be hired as CEO at Activision with a salary of 2m$

Taffy872
Taffy872

No one cares if you do better, you're Zynga. If Zynga went bankrupt I don't think anyone would care if they couldn't play Farmville again.

Nathan_R_Rork
Nathan_R_Rork

By that, I presume he means do an even better job of whizzing THIS company down his leg.

bksonic123
bksonic123

Mattrick joins Zynga.
Zynga loses half of its daily players.
Coincidence? I think not.

keech
keech

Can do better?  It's that kind of stating the obvious?  Zynga is in a 100 miles per hour nosedive into an active volcano.

The industry would be better off with Zynga and the sort of people who run it.  People like to demonize EA and Activision, Zynga is far worse than both of them.

fbidog
fbidog

Heres future Don Mattrick comment: Farmville will be release only on PS4 XD

tigress666
tigress666

@andrew_ribbons Nah, now he's in a company that totally fits with what he wants to do. They deserve each other. And if they go away, all the better.

VenkmanPHD
VenkmanPHD

@chibi-acer No kidding, you gotta have a product people want before you worry about running a business off it.

VenkmanPHD
VenkmanPHD

@grasshopper6 Plus you know, the fact that every game they have come out with was incredibly stupid in concept and execution.

VenkmanPHD
VenkmanPHD

@Taffy872 I would be exstatic if no one played bullcrap like that anymore.

I literally lose respect for people when they tell me they have a farm on facebook.