Zynga's Revenue Climbs to $306.8M in Third Quarter as Daily Actives Decline
Zynga said it earned $12.5 million in net income on $306.8 million in revenue in the third quarter, according to another amendment to Zynga‘s IPO filing. On a year-over-year basis, revenue rose by 79.8 percent while net income declined by 53.9 percent. On a quarter-over-quarter basis, revenue is up 9.9 percent.
Zynga’s number of daily active users slipped for a second consecutive quarter to 54 million from 59 million, which the company attributed “to a decline in players of our more mature games and a limited number of new game launches in the first nine months of 2011.”
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