The road to XBOX ONE. Follow the journey

Revenues jump, profits fall at Zynga

Ben Parfitt
Revenues jump, profits fall at Zynga

Zynga’s revenue for the third calendar quarter nearly doubled to reach a new record, but the firm’s exorbitant investments continue to squeeze profits.

For the three months that ended on September 30th, Zynga made $307 million, driven by in-game advertising and virtual goods purchases. That represents year-on-year revenue increase of about 80 per cent for the quarter.

Yet a fourfold surge in development outlay, along with costs related to Zynga’s significant workforce expansion, has hampered profits. Net income fell 54 per cent to $12.5 million, down from $27.2 million last year. That follows a Q2 net profit drop of 90 per cent.

Develop has more details.

Advertisement

Tags: zynga , profit , revenue

Follow us on

  • RSS

Add a new comment

You need to be logged in to post comments. If you do not have an account then please register.

Comments

0 comments

There are no comments yet, be the first to add one!