Zynga Reports Massive Losses YoY

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Zynga has posted their second quarter figures for 2014 and the results are less than stellar, depressing even. The creator of Farmville posted a 34 percent drop in revenue compared to last year, with net income dropping down to $2.8 million from $6.1 million. The company continued its ongoing losses with a dramatic rise from $15.8 million last year to $62.5 million.

Last year was not good for Zynga, as the developer/publisher faced a revolving door of top executives resigning as well as the continued diminishing popularity of their games. Last year at this time, Zynga boasted 39 million daily active users, 187 million monthly active users, and 123 million monthly unique users. Those numbers plummeted to 29 million, 130 million, and 89 million respectively. Farmville 2 and Zynga Poker make up the bulk of Zynga’s revenue, 32% and 24% respectively.

Despite these losses, Zynga is looking to expand into two new mobile categories: Sports and endless runners. Zynga has formed a multi-year partnership with the NFL to create games for mobile devices. The company is projecting lower losses next quarter and increased revenue.

(Source: CNN Money)

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