Zynga Beats Estimates Amid Flat Revenue For Q4, Shutters Three More Games

What's Next In Payments®
6:40 AM EDT February 6th, 2013

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.

Read the full story here.

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