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Zynga Reports Third Quarter 2012 Financial Results
Net Cash Provided By Operations of $30 Million
Free Cash Flow of $17 Million
Implementing Cost Reduction Plan
$200 Million Share Repurchase Program Authorized
SAN FRANCISCO, Oct. 24, 2012 (GLOBE NEWSWIRE) -- Zynga Inc. (Nasdaq:ZNGA), the world's leading provider of social game services, today announced financial results for the third quarter ended September 30, 2012.
- Q3 Revenue of $317 million, up 3% year-over-year, nine months year-to-date revenue of $970 million, up 17% year-over-year
- Q3 Bookings of $256 million, down 11% year-over-year, nine months year-to-date bookings of $886 million, up 4% year-over-year
- Q3 EPS of ($0.07), down from $0.00 in the third quarter of 2011, nine months year-to-date EPS of ($0.22), down from $0.00 in the first nine months of 2011
- Non-GAAP EPS of $0.00, down from $0.04 in the third quarter of 2011, nine months year-to-date non-GAAP EPS of $0.06, down from $0.20 in the first nine months of 2011
"While the last several months have been challenging for us, Zynga remains well positioned to capitalize on the growth of social gaming. We're implementing a number of steps to drive long-term growth and profitability. The successful launches of FarmVille 2 and ChefVille in the third quarter demonstrate that when we develop great games, our large player audience engages. It's more clear than ever that along with search, shop, and share, play is a fundamental pillar of the Internet, and Zynga continues to be the leader," said Mark Pincus, CEO and Founder, Zynga.