Facebook Q1 2013 Game Revenue Data in – Zynga Not Doing So Well
Social game dev’s growth “hasn’t been as awesome as everyone had hoped”.
Social media website Facebook recently revealed details for its first quarter revenues in 2013, and revealed that the revenue from games had increased by 12 percent, despite the fact that social games developer saw a 37 percent drop in year to year payments.
Responding to an analyst’s question about the company’s platform, CEO Mark Zuckerberg stated that, “One thing that I think has actually gone well with platform recently is the gaming ecosystem. With the exception of our largest partner, Zynga, whose growth hasn’t been as awesome as everyone had hoped, the rest of the community is actually growing quite well and is quite healthy.
“We’re pretty happy with that, and it’s a pretty diverse group. We’re up to 81 of the top-grossing 100 iOS apps, and 70 of the top-grossing Android apps are connected in with Facebook, so we’re getting good coverage.”
Zynga has been a tail dive since the last year, seeing its stock drop to an all time low, key executives leaving the company and several of its social games being shut down.