Zynga didn't meet analysts' already-low estimates in its just-released earnings for the second quarter of its fiscal year, in which it showed revenue of $332 million and lost $22.8 million, or 3 cents per share (according to GAAP measures). Analysts had predicted the company would earn 5 cents per share on revenue of $344 million. Zynga says it now has 72 million daily active users, up from 59 million in the previous quarter, and 306 million monthly active users, up from 228 million. Bookings, meanwhile, were $302 million, up 12 percent from the same period last year, but a sequential decline from the previous quarter.
Wednesday, July 25, 2012
Zynga Falls Short Of Analyst Estimates For Q2: $332M In Revenue, Bookings Decline From Last Quarter, Lowered Outlook
Zynga didn't meet analysts' already-low estimates in its just-released earnings for the second quarter of its fiscal year, in which it showed revenue of $332 million and lost $22.8 million, or 3 cents per share (according to GAAP measures). Analysts had predicted the company would earn 5 cents per share on revenue of $344 million. Zynga says it now has 72 million daily active users, up from 59 million in the previous quarter, and 306 million monthly active users, up from 228 million. Bookings, meanwhile, were $302 million, up 12 percent from the same period last year, but a sequential decline from the previous quarter.
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