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April 25, 2013 12:12 am GMT
Zyngas revenues for the first quarter of 2013 declined 18% year-over-year to $264 million as the company is in the midst of doing a big pivot onto mobile platforms. Last year, during the same quarter, Zynga earned $321 million in revenue. Analysts had estimated on average that the company would pull in $209.8 million in revenue and lose 4 cents a share. The quarter had net income of $4 million million and shares are down 13 percent in after-hours trading.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mSt4yLaxQcA/
Amid A Challenging Mobile Transition, Zynga's Revenues Decline 18% To $264M
Zyngas revenues for the first quarter of 2013 declined 18% year-over-year to $264 million as the company is in the midst of doing a big pivot onto mobile platforms. Last year, during the same quarter, Zynga earned $321 million in revenue. Analysts had estimated on average that the company would pull in $209.8 million in revenue and lose 4 cents a share. The quarter had net income of $4 million million and shares are down 13 percent in after-hours trading. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mSt4yLaxQcA/
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