Zynga Plucks New COO from Rival | Adweek Zynga Plucks New COO from Rival | Adweek
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New Executive Joins Zynga in Transition

Clive Downie takes on role as COO at struggling game maker

Zynga picked up a new chief operator.

The company announced that Clive Downie would join as COO after serving as CEO at rival Japanese game maker DeNA.

The word of the new hire came at the same time the company announced third quarter results, which showed Zynga losing less money than expected.

The San Francisco-based company lost 2 cents a share, beating analyst forecasts of 4 cents a share.

While revenue was down to $202.6 million, a 40 percent decline from the year-ago quarter, it still beat predictions from Wall Street, which forecasted $190 million in revenue.

Perhaps surprisingly, ad revenue slipped to $28.2 million in the third quarter was down from $31 million during the same period last year.

Zynga has been struggling from severely declining revenue and audience, and the company is still looking for new hit games on mobile.

Downie, 41, is just the latest new executive at Zynga, which earlier this year replaced founder CEO Mark Pincus with Don Mattrick, formerly of Microsoft.
 

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