Zynga Posts $15.8 Million Loss, Revenue Down 31 Percent
Today, social game developer Zynga reported its second quarter 2013 fiscal results, showing that the company is hemorrhaging both money and users.
Zynga’s revenue for the second quarter, which ran from April through June, was $231 million, a 31 percent year-over-year decline, and a 12 percent decline from the previous quarter. Game revenue accounts for $203 million; the rest comes from advertising. Game revenue itself is down 30 percent compared to 2012’s second quarter and down 11 percent compared to last quarter, while advertising revenue is down 33 percent compared to 2012’s second quarter and down 19 percent to last quarter.
The company’s net loss for the quarter was $16 million. Its net loss was $23 million in the second quarter of 2012.