Zynga’s shares got a lift from better-than-expected earnings reported earlier this week. The picture wasn’t entirely rosy, though. The maker of once-popular social media games such as FarmVille and Mafia Wars reported revenue of $311 million for Q4, flat compared to the year-ago quarter. Zynga admitted to slow daily user growth and acknowledged that increasing its mobile presence will be an ongoing challenge throughout 2013.
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Wall Street Renews Its Zest for Zynga
Posted by: Rachelle Dragani February 7, 2013 08:51 AMZynga’s shares got a lift from better-than-expected earnings reported earlier this week. The picture wasn’t entirely rosy, though. The maker of once-popular social media games such as FarmVille and Mafia Wars reported revenue of $311 million for Q4, flat compared to the year-ago quarter. Zynga admitted to slow daily user growth and acknowledged that increasing its mobile presence will be an ongoing challenge throughout 2013.