Feeds

Shocked Zynga investors get a penny per share

Still losing users and money in general though

Combat fraud and increase customer satisfaction

Zynga has shocked analysts by somehow coming up with a cent in earnings for each one of its shares.

The online gaming firm, which is struggling to retain its users, was expected to come up with a loss of three cents per share for investors, but managed to grab them a penny instead.

That did not make the rest of its financial results look much better though. Zynga still made a net loss in the fourth quarter of $209m, while its revenue for the quarter was the same as last year's, but bookings were down 15 per cent.

For the full year, the social gaming firm made just $1.28bn in revenue, up just 12 per cent from 2011, but bookings slipped 1 per cent down to $1.15bn. Zynga now expects the first quarter of 2013 to yield revenue of between $255m and $265m, down around 20 per cent from the same quarter last year.

Zynga was hot property just two years ago, but users have started to tire of the firm's Farmville and Cityville games. Like so many other tech firms, Zynga lagged in its move to mobile, underestimating how quickly folks would abandon their laptops.

While its daily active users are up slightly from the last quarter of 2011 - to 56 million from 54 million - the number is nonetheless down from the third quarter, when 60 million people were logging on. In response, Zynga has been ruthlessly axing games that don't work out, including Cityville 2, which only launched in the fourth quarter. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.