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FEATURED VOXPOP oblivion437     In all the talk of graphical downgrades no one seems much preoccupied with 'why?'.  Why build something and then proceed to tear it down, piece by piece, in the hope that ever more diminished expectations about the final product won't be severe enough to...

GAMING NEWS

Zynga's Net Profits and Monthly Active Users Drop

Posted on Monday, November 7 @ 08:15:11 Eastern by


Though Zynga almost doubled their revenue in this third quarter (ending September 30th) compared to the same quarter last year, the company's overall profits have had to eat their tremendous investments.

Net income fell 54% to $12.5 million in the third quarter, following already drop of 90% in the second quarter. Daily active users fell about five million, whereas monthly active users fell one million.

To counter hesitations by Wall Street investors interested in the company's recent IPO intensions, Zynga has showcased more than ten social and mobile game projects, especially CastleVillle which will launch in several weeks. This is also in an effort to validate its increased costs and the $114.8 million expenditure in the third quarter, including its tremendous payroll supporting a workforce of 1,500 employees.

Will Zynga recuperate or are its Facebook days numbered?

[Source]
Tags:   Zynga
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