Zynga Lost $28.6 Million in Q4, But Beat Market Expectations
Zynga reported a quarterly loss of $28.6 in the fourth quarter of 2012, compared to a loss of $435 in the last quarter of 2011. Its annual loss was $209 million, down from $404 million in 2012.
Zynga reported a quarterly loss of $28.6 in the fourth quarter of 2012, compared to a loss of $435 in the last quarter of 2011. Its annual loss was $209 million, down from $404 million in 2012.
The company’s revenue fell slightly, driven by a 15 percent drop in “bookings,” or in-app purchases.
Zynga had 298 million monthly active users (or MAUs) in the quarter, up 24 percent in a year-over-year comparison, but down slightly from active users in the third quarter of 2012.
Still, even these weak numbers edged out analyst expectations for the waning gaming company, and stocks rose after hours.
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