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Zynga has posted its latest quarterly earnings report, announcing a net loss of $68k on revenue of $203m – a 36 per cent decline from the same period last year.
The social game company’s third quarter revenue was also down 12 per cent from the previous quarter, and daily active users, monthly active users and monthly unique users were way down from the same quarter last year – with some titles seeing numbers more than halved compared to 2012.
Still, Zynga CEO Don Mattrick stated in an investor call that the showing was above the high end of our guidance range.”
"We are encouraged to see sightlines to growth and expect to be profitable for the full year on an adjusted EBITDA basis," Mattrick said.
"Our teams are working hard to compete more aggressively on the web, move to mobile and develop new hits, and I am happy with the early progress we have made.
We believe our top franchises, Zynga Poker, FarmVille and Words With Friends can be evergreen in terms of consumer interest and we are focused on growing these franchises in fiscal year 2014. I am confident that Zynga is rewiring itself in a meaningful way that will strengthen the core of our business and put us back on track to achieve significant long term growth and profits."
Zynga’s projects a Q4 net loss of at least $21m on revenue ranging from $175-$185m.
