Tuesday, February 14, 2012

Zynga faced huge loss of Millions.

Do you like this post?



As per financial report of Zynga's 2011 is shockfull of unexpecting numbers, but it does contain a few interesting morsels. For instance, Zynga completely owned the top five most played games on Facebook .According to daily active user numbers -- refuting a report from Facebook late last year which fudged the numbers to bizarre effect.

Zynga Inc. is the world's leading provider of social game services with more than 240 million monthly active users playing its games, which include CityVilleFarmVilleWordsWith FriendsScramble With Friends , CastleVille ,Zynga PokerHiddenChronicles, Empires & AlliesIndianaJones™ AdventureWorldThe Pioneer Trail , MafiaWars  and Cafe World. Zynga's games are available on a number of global platforms, including Facebook, Google+, Tencent, Apple iOS and Google Android. Zynga players have raised more than $10 million for world social causes. Zynga Inc., today announced financial results for the fourth quarter and full year ended December 31, 2011.

Full year 2011 record bookings of $1.16 billion, up 38% year-over-year, and revenue of $1.14 billion, up 91% year-over-year
Full year 2011 adjusted EBITDA of $303.3 million 

Full year 2011 non-GAAP EPS of $0.24 and GAAP EPS of ($1.40) 
Q4 record bookings of $306.5 million, up 26% year-over-year and up 7% from the prior quarter 
Q4 adjusted EBITDA of $67.8 million, down 34% year-over-year 
Q4 non-GAAP EPS of $0.05
 

Now here's the bad news like despite earning over $1 billion in 2011, the company ended up with a net loss for the year of $404.3 million. According to the quarterly financial press release, Zynga paid out $510 million for "stock-based compensation expense for restricted stock units issued to employees" -- compensation it didn't have to pay until the company went public.Company's stock is currently trading $4.35 north of its introductory $10 price per share.


0 comments:

Post a Comment

Twitter Delicious Facebook Digg Stumbleupon Favorites More