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Zynga Earnings Report Exceeds Expectations
Casual games giant Zynga is reporting $329 million in sales for the quarter, a 15-percent increase from the same quarter last year.
Analysts polled by Thomson Reuters had predicted the company would post $317 million in sales. Zynga also reported having 65 million monthly active users, which was up six percent from the previous year's quarter. The report comes hot on the heels of Zynga's acquisition of Draw Something developer OMGPOP last month.
All of this is good news for Zynga, which reported a net loss of $404 million for the 2011 fiscal year. After-hours trading for the company rose two percent in light of the rosy earnings report.
[via CNN Money]
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