Zynga Q1: Net income up, active users down

Zynga has posted its financial reports for Q1 2013, showing a mixed-bag of results for the social gaming firm.

Farmville 2 showed good legs, with 40m active users each month. Zynga stated the game exceeded company expectations and called it a breakout hit.”

Net income was up $4.1m overall, a stark difference from the $85.4m loss it endured during the same period last year. However, sales declined 18 per cent to $264m.

Perhaps more foreboding, daily active users were down to 52m, showing a 21 per cent fall (a difference of 12m from 2011). Monthly active users also dropped to 253m, compared to 292m.

Additionally, the company plans to shut down four titles – The Ville, Empires & Allies, Dream Zoo, and Zynga City on Tencent.

The company will now look to its UK-exclusive gambling titles, ZyngaPlusPoker and ZyngaPlus Cansino, calling them the first step toward realizing Zynga’s long-term vision of bringing players the next generation of real money games on multiple platforms in regulated markets.”

About MCV Staff

Check Also

PS5 pricing

PS5 looks to be costing Sony more than it’s costing consumers

No huge surprise, but could high cost of manufacturing slow mainstream take up?