Facebook Continues To Propel Zynga In 1Q

Zynga said its games held eight of the top 10 spots on Facebook in terms of daily average users as of March 31, and the developer also touted the beta launch of its Zynga.com platform while reporting its financial results for the first quarter of 2012.

Zynga said its games held eight of the top 10 spots on Facebook in terms of daily average users as of March 31, and the developer also touted the beta launch of its Zynga.com platform while reporting its financial results for the first quarter of 2012.

Bookings and revenues rose compared with the first quarter of 2011, on the strength of rising audience totals. However, adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) fell, and the company posted a net loss, due to expenses related to developing new games.

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