Online game maker Zynga reported a net loss during its first quarter as a publicly traded company, due mostly to heavy stock compensation from its IPO and an increase in research and development costs. Revenue at Zynga, however, was up 59 percent during the last three months of 2011. The company brought in $311.2 million, compared to $195.8 million a year ago. But because the company had to pay a one-time stock compensation of $510 million after its IPO filing, Zynga reported a net loss of $435 million, or $1.22 per share.
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Zynga Reports Tough Quarter but May Be Playing a Long Game
Posted by: Rachelle Dragani February 15, 2012 10:27 AMOnline game maker Zynga reported a net loss during its first quarter as a publicly traded company, due mostly to heavy stock compensation from its IPO and an increase in research and development costs. Revenue at Zynga, however, was up 59 percent during the last three months of 2011. The company brought in $311.2 million, compared to $195.8 million a year ago. But because the company had to pay a one-time stock compensation of $510 million after its IPO filing, Zynga reported a net loss of $435 million, or $1.22 per share.