Zynga reports highest ever bookings for Q1 at $329M

Zynga's made $329 million in bookings and $321 million in revenue for the first quarter of 2012, an increase of 15 percent and 32 percent year-on-year, respectively. The developer reported net loss at $85.4 million, compared to a net income of $16.8 million for Q1 2011. Daily active users are up 6 percent year-on-year from 62 million to 65 million. Monthly unique users are up 25 percent to 182 million from 146 million in Q1 2011. Zynga also says its increased monthly unique paying users from 2.9 million in the fourth quarter of 2011 to 3.5 million. Zynga released six games during Q1 2012, four of them mobile: Hidden Chronicles, Zynga Slingo, Scramble with Friends, Dream PetHouse, Dream Heights and Draw Something (which Zynga acquired just before the end of the quarter). Last year, Zynga only had CityVille on its release calendar for Q1 -- and that game is still top dog on Facebook at 41.6 million monthly active users and 6.6 million daily active users today. For 2012, Zynga is projecting bookings in a rage of $1.425 billion to $1.5 billion with most of the growth coming in the second half of the year. Its budgeting stock-based expenses somewhere between $420 million to $445 million, excluding any equity awards it might grant in future acquisitions. Capital expenditures falls somewhere between $390 million and $410 million, which includes the price of Zynga's San Francisco corporate headquarters building, purchased at the beginning of the month. This story originally appeared on our sister site, Inside Social Games.

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Zynga reports highest ever bookings for Q1 at $329M

AJ Glasser

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AJ Glasser