Zynga reports 4th-qtr revenue flat at $311 million
SAN FRANCISCO Feb 5 (Reuters) - Zynga Inc reported fourth-quarter revenues of $311 million, flat compared with a year ago, as the company showed signs it is beginning to cope with a dramatic, months-long exodus of online gamers.
The game maker, whose titles include "CityVille 2," reported a quarterly profit of 1 cent per share on an adjusted basis, beating Wall Street expectations of a loss of 3 cents per share, according to analysts polled by Thomson Reuters I/B/E/S.
In October, Zynga'a chief executive, Mark Pincus, laid off staff and announced $200 million in stock buybacks after the company forecast a loss for the December quarter.
- Obama makes rare campaign trail appearance, people leave early
- Obama makes rare campaign trail appearance, some leave early
- Turkey to let Iraqi Kurds reinforce Kobani as U.S. drops arms to defenders |
- Nigeria declared Ebola-free, holds lessons for others
- Two arrested in death of Saudi student in California: report