Zynga Suffers Heavy Losses

Written by Nick G. - Posted on Wednesday, 15 February 2012 01:39

Of course Zynga needs no introduction, I'm sure half the visitors to this site have had experience with FarmVille, CityVille, and the numerous other games produced by them. They've certainly gained a sizeable rep for themselves over the past few months; however, just recently they took a pretty big hit to their sales department and, at this time, are facing some hefty expenses.

"NEW YORK (CNNMoney) -- In its first financial report as a public company, Zynga edged past analysts' expectations but posted a loss thanks to its large stock-based compensation expenses.

The casual gaming pioneer, best known for its -Ville franchises like FarmVille, reported sales of $311 million for the quarter ended Dec. 31. Excluding stock compensation costs, Zynga had net income for the quarter of $37 million, or 5 cents per share. That topped the 3 cents per share consensus forecast of analysts polled by Thomson Reuters.

But Zynga's compensation expenses ate through its profit. For the full 2011 fiscal year, Zynga posted a net loss of $404 million on sales of $1.2 billion. Zynga's stock-based compensation expenses for the year totaled $510 million."

Source: CNN

blog comments powered by Disqus

Most Popular this Week

Currently there are 713 Active Visitors Online!

Got error 28 from storage engine SQL=SELECT advert.* FROM jos_wbadvert AS advert LEFT JOIN jos_wbadvert_client AS client ON client.id = advert.client_id LEFT JOIN jos_wbadvert_idx_menu AS idx_menu ON idx_menu.advert_id = advert.id LEFT JOIN jos_wbadvert_idx_section AS idx_section ON idx_section.advert_id = advert.id LEFT JOIN jos_wbadvert_idx_category AS idx_category ON idx_category.advert_id = advert.id LEFT JOIN jos_wbadvert_idx_content AS idx_content ON idx_content.advert_id = advert.id WHERE advert.group_id = 2 AND advert.published = 1 AND client.published = 1 AND ((advert.date_start = '0000-00-00 00:00:00') OR (advert.date_start <= '2012-05-23')) AND ((advert.date_stop = '0000-00-00 00:00:00') OR (advert.date_stop >= '2012-05-23')) AND ((advert.imptotal = 0) OR (advert.imptotal > advert.impmade)) AND ((idx_menu.menu_id = 75) OR (idx_menu.menu_id = 0)) AND ((idx_section.section_id = 1) OR (idx_section.section_id = 0)) AND ((idx_category.category_id = 1) OR (idx_category.category_id = 0)) AND ((idx_content.content_id = 8872) OR (idx_content.content_id = 0)) GROUP BY advert.id ORDER BY RAND() LIMIT 1

Reviews

Articles

Blogs

Got error 28 from storage engine SQL=SELECT advert.* FROM jos_wbadvert AS advert LEFT JOIN jos_wbadvert_client AS client ON client.id = advert.client_id LEFT JOIN jos_wbadvert_idx_menu AS idx_menu ON idx_menu.advert_id = advert.id LEFT JOIN jos_wbadvert_idx_section AS idx_section ON idx_section.advert_id = advert.id LEFT JOIN jos_wbadvert_idx_category AS idx_category ON idx_category.advert_id = advert.id LEFT JOIN jos_wbadvert_idx_content AS idx_content ON idx_content.advert_id = advert.id WHERE advert.group_id = 5 AND advert.published = 1 AND client.published = 1 AND ((advert.date_start = '0000-00-00 00:00:00') OR (advert.date_start <= '2012-05-23')) AND ((advert.date_stop = '0000-00-00 00:00:00') OR (advert.date_stop >= '2012-05-23')) AND ((advert.imptotal = 0) OR (advert.imptotal > advert.impmade)) AND ((idx_menu.menu_id = 75) OR (idx_menu.menu_id = 0)) AND ((idx_section.section_id = 1) OR (idx_section.section_id = 0)) AND ((idx_category.category_id = 1) OR (idx_category.category_id = 0)) AND ((idx_content.content_id = 8872) OR (idx_content.content_id = 0)) GROUP BY advert.id ORDER BY RAND() LIMIT 1There are No Adverts to Display

Got error 28 from storage engine SQL=SELECT advert.* FROM jos_wbadvert AS advert LEFT JOIN jos_wbadvert_client AS client ON client.id = advert.client_id LEFT JOIN jos_wbadvert_idx_menu AS idx_menu ON idx_menu.advert_id = advert.id LEFT JOIN jos_wbadvert_idx_section AS idx_section ON idx_section.advert_id = advert.id LEFT JOIN jos_wbadvert_idx_category AS idx_category ON idx_category.advert_id = advert.id LEFT JOIN jos_wbadvert_idx_content AS idx_content ON idx_content.advert_id = advert.id WHERE advert.group_id = 7 AND advert.published = 1 AND client.published = 1 AND ((advert.date_start = '0000-00-00 00:00:00') OR (advert.date_start <= '2012-05-23')) AND ((advert.date_stop = '0000-00-00 00:00:00') OR (advert.date_stop >= '2012-05-23')) AND ((advert.imptotal = 0) OR (advert.imptotal > advert.impmade)) AND ((idx_menu.menu_id = 75) OR (idx_menu.menu_id = 0)) AND ((idx_section.section_id = 1) OR (idx_section.section_id = 0)) AND ((idx_category.category_id = 1) OR (idx_category.category_id = 0)) AND ((idx_content.content_id = 8872) OR (idx_content.content_id = 0)) GROUP BY advert.id ORDER BY RAND() LIMIT 1There are No Adverts to Display

Latest News

Got error 28 from storage engine SQL=SELECT advert.* FROM jos_wbadvert AS advert LEFT JOIN jos_wbadvert_client AS client ON client.id = advert.client_id LEFT JOIN jos_wbadvert_idx_menu AS idx_menu ON idx_menu.advert_id = advert.id LEFT JOIN jos_wbadvert_idx_section AS idx_section ON idx_section.advert_id = advert.id LEFT JOIN jos_wbadvert_idx_category AS idx_category ON idx_category.advert_id = advert.id LEFT JOIN jos_wbadvert_idx_content AS idx_content ON idx_content.advert_id = advert.id WHERE advert.group_id = 8 AND advert.published = 1 AND client.published = 1 AND ((advert.date_start = '0000-00-00 00:00:00') OR (advert.date_start <= '2012-05-23')) AND ((advert.date_stop = '0000-00-00 00:00:00') OR (advert.date_stop >= '2012-05-23')) AND ((advert.imptotal = 0) OR (advert.imptotal > advert.impmade)) AND ((idx_menu.menu_id = 75) OR (idx_menu.menu_id = 0)) AND ((idx_section.section_id = 1) OR (idx_section.section_id = 0)) AND ((idx_category.category_id = 1) OR (idx_category.category_id = 0)) AND ((idx_content.content_id = 8872) OR (idx_content.content_id = 0)) GROUP BY advert.id ORDER BY RAND() LIMIT 2There are No Adverts to Display