Zynga annual financial results show $209 million loss; $1.28 billion revenue
6th Feb 2013 | 02:26
Zynga's financial results for 2012 show a net annual loss of $209,448 - an improvement over its 2011 performance.
The publisher's 2012 revenue increased by 12% year-over-year, coming in at $1.28 billion. Meanwhile, its revenue for the fourth quarter of 2012 remained steady at $311,165, which is almost identical to its reported $311,237 in the 2011 Q4.
Zynga's losses in 2012 were significantly lower than in the preceding year, with the company bleeding $404,316 in 2011. Still, the company has posted a 15% drop in year-over-year bookings for 2012, which totaled $261 million.
In a statement, Zynga CEO Mark Pincus sang the praises of FarmVille2, and expressed optimism for 2013. "In 2013 we're excited to bring this new class of social games to mobile phones and tablets and build a network that offers an easier, better way for people to play together."