You have not played any game recently!

Remove ?

You are removing the game from your account and My Games . Depending on the developer, your game progress may be permanently deleted.

Note: may still retain some data you shared with them directly or during game play. Please visit () privacy policy for details about having your data deleted.

Plugged In

Zynga posts smaller 4Q net loss, flat revenue

Plugged In

View photo


Zynga CEO Mark Pincus (Credit: Associated Press/Paul Sakuma)

By Barbara Ortutay, Associated Press

NEW YORK (AP) — Online game maker Zynga is reporting a smaller net loss and nearly unchanged revenue for the fourth quarter of 2012, a year in which its stock price shrank 75 percent.

The results flew past Wall Street's muted expectations. Zynga's battered shares added nearly 6 percent in after-hours trading as a result.

The San Francisco company behind "FarmVille" said Tuesday that it lost $48.6 million, or 6 cents per share, in the October-December period. That compares with a loss of $435 million, or $1.22 per share, in the same period a year earlier. Zynga was privately held for most of the 2011 quarter. It began trading publicly on Dec. 16, 2011.

Excluding one-time items, Zynga says it earned 1 cent per share in the latest quarter, better than Wall Street's expectation of a loss of 3 cents per share.

Zynga's revenue was largely unchanged at about $311 million, well above analysts' average estimate of $250 million, as polled by FactSet.

For the current quarter, Zynga said it expects an adjusted loss of 5 cents to 4 cents per share and revenue of $255 million to $265 million.

Analysts were predicting a loss of 1 cent per share and revenue of $268 million.

Shares climbed 16 cents, or 5.8 percent, to $2.90 in after-hours trading after gaining 18 cents to close at $2.74 during the regular session. Zynga's stock has traded in the range of $2.09 to $15.91 in the past 52 weeks.

For game news, free codes and more, Like us on Facebook and follow @yahoogames on Twitter!

View Comments