Zynga Profits Dip in June According to Regulatory Filing
Zynga’s profits fell by 90% for its June quarter this year thanks to a mix of spending and a lack of major game releases, according to a regulatory filing reviewed by Reuters.
The filing reveals that the company’s total costs and expenses increased by $149 million compared to the same quarter of last year, and rose by $59 million compared to the previous quarter. Revenue for the quarter ending June 30, however, rose to $279 million for a 115% increase over the previous year year.
Reuters
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