Despite layoffs, Zynga gave better results than expected
Zynga reported its financial Results for the third quarter, resulting in losses of $ 0.07 per share. However, sales of the company reached USD $ 317 million, slightly above expectations which were around $ 300 million.
At quarter yesterday joined complicated dismissal of over 100 workers during the Apple event, a strategy to try to go unnoticed that did not work.
“Although the last few months have been challenging for us, Zynga is well positioned to capitalize on the growth of social gaming. We are implementing a series of steps to boost long-term growth and profitability, “said the firm CCEO, Mark Pincus said in a statement.
Although the company seems optimistic, the truth is that they have fared badly. After the stock reached nearly $ 15 in the bag, now closes around $ 2. To add more bad omens, the CEO of Facebook, Mark Zuckerberg, also gave bad figures for Zynga.
“Our revenue from Zynga fell 20% this quarter compared to last year. But something interesting is that the rest of the ecosystem of games has actually been growing. Our monthly payments from the rest of the ecosystem grew 40% in the last year since the adoption of the payments. Evolution is motivating, “said Zuckerberg.
Link: Zynga reports Q3 earnings (TheNextWeb)Tags: dismissal, games, money, Results, social games, Zynga