Zynga Halves Losses in 2012 Compared to 2011

By David Radd

Posted February 6, 2013



Zynga has announced that it's full year revenue was up 12 percent to $1.28 billion with a net loss of $209 million, still only about half of 2011's net loss of $404 million. The number of daily active users and monthly active users increased year-over-year to 56 million and 298 million respectively during the fourth quarter, but were ultimately down compared to Q3 2012.

"The biggest highlight of the quarter was seeing our team deliver a successful sequel in FarmVille 2, a next generation social game that offers cutting edge 3-D experiences loved by millions of FarmVille fans," said Zynga CEO Mark Pincus. "In 2013 we're excited to bring this new class of social games to mobile phones and tablets and build a network that offers an easier, better way for people to play together."

The company also announced plans to shut down CityVille 2, The Friend Game, and the mobile game Party Place. Zynga chief operating officer David Ko says that the company is establishing new parameters to allow managers to shut-down under-performing titles earlier than was previously possible.

Source: Investor.Zynga.com





 


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