The Farmville creator's rough ride isn't over. October 24, 2013 1:34 PM PDT (Credit: Getty Images) Social gaming company Zynga just released third quarter earnings and while its revenue loss beats Wall Street's estimates, the user numbers don't spell recovery. Related stories: Zynga settles suit with hookup app Bang with Friends Zynga settles lawsuit over 'wholesale theft' of data Zynga COO David Ko said to be resigning in exec shake-up Zynga, now headed up by former Xbox chief Don Mattrick after Mark Pincus stepped down in July, came in at a loss of two cents per share on revenues of $152 million, up from Wall Street estimates of a loss of 4 cents per share on $142.67 million. Despite that, the number of monthly active users is down 57 percent from last year to 133 million. Daily active users have been halved, from 60 million in the third quarter of 2012 to 30 million. Zynga coincided its earnings report with the hiring of Clive Downie as its Chief Operating Officer. Downie, who spent 15 years at Electronic Arts, comes from mobile games company DeNA West. Mattrick is slated to talk at the company's 2 p.m. PT conference call. Check back in then for more details.
The Farmville creator's rough ride isn't over.
(Credit: Getty Images)
Social gaming company Zynga just released third quarter earnings and while its revenue loss beats Wall Street's estimates, the user numbers don't spell recovery.
Related stories:
- Zynga settles suit with hookup app Bang with Friends
- Zynga settles lawsuit over 'wholesale theft' of data
- Zynga COO David Ko said to be resigning in exec shake-up
Zynga, now headed up by former Xbox chief Don Mattrick after Mark Pincus stepped down in July, came in at a loss of two cents per share on revenues of $152 million, up from Wall Street estimates of a loss of 4 cents per share on $142.67 million.
Despite that, the number of monthly active users is down 57 percent from last year to 133 million. Daily active users have been halved, from 60 million in the third quarter of 2012 to 30 million.
Zynga coincided its earnings report with the hiring of Clive Downie as its Chief Operating Officer. Downie, who spent 15 years at Electronic Arts, comes from mobile games company DeNA West.
Mattrick is slated to talk at the company's 2 p.m. PT conference call. Check back in then for more details.
