Zynga Beats Estimates Amid Flat Revenue For Q4, Shutters Three More Games
Social gaming company Zynga announced their Q4 2012 earning on Tuesday, beating analyst estimates but seeing flat revenue and a net loss amidst a difficult quarter for the company.
Zynga's revenue weighed in at $311 million with a net loss of $48.6 million and an earning of 1 cent per share. Analysts expected a revenue of $212.1 million with a loss of 3 cents per share. The company reported revenue of $1.28 billion for all of 2012, but a net loss of $209 million on the year, notes TechCrunch.
During the earnings call, the company cited three more game shutdowns: CitiyVille 2, Party Friends and The Friend Game, but noted that FarmVille had passed $1 billion in total player purchase.