Zynga profits fall by 95%; Revenues increase

Posted By | On 26th, Sep. 2011

 

Zynga’s profits have fallen by 95%, which probably means the bubble will burst soon. Zynga has published Farmville and Mafia Wars on Facebook and the profits from this year declined from $27 million to $1.5 million.

Which is bad news, right? But their revenues have increased by 15% compared to 24% last year. Zynga is expanding and that could be a reason for such low profits this year. Zynga blamed the lack of profit on competition and lack of new releases.

Zynga will make a public offering shortly and is asking for $1 billion.

Thanks, Desructoid.


Amazing Articles You Might Want To Check Out!



Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Forza Horizon 5 Developer Explains Why the Game is Set in Mexico

Forza Horizon 5 Developer Explains Why the Game is Set in Mexico

"Mexico is a country which is almost like the whole world in one country," explains Forza Horizon 5's creative...

Forza Horizon 5 Will Feature a 60 FPS Performance Mode on Xbox Series X/S

Forza Horizon 5 Will Feature a 60 FPS Performance Mode on Xbox Series X/S

Playground Games also confirms the game will use ray-tracing in Forzavista to "make the cars look even more tr...

Back 4 Blood – Paid PvE Content Can be Shared, New PvP Characters and Ridden Will be Free

Back 4 Blood – Paid PvE Content Can be Shared, New PvP Characters and Ridden Will be Free

As long as the party leader owns a paid content drop in PvE, it will be playable for everyone else. PvP cards ...

Forza Horizon 5 – Deluxe and Premium Editions Detailed

Forza Horizon 5 – Deluxe and Premium Editions Detailed

Expansions, additional vehicles, and other additional packs are going to be included in the open world racer's...

Stranger of Paradise Final Fantasy Origin Shows off Combat and Mechanics in New Gameplay Footage

Stranger of Paradise Final Fantasy Origin Shows off Combat and Mechanics in New Gameplay Footage

Team Ninja and Square Enix's upcoming action RPG's PS5-exclusive demo is now finally working, which means peop...

Everwild Development Team Has Reportedly “Struggled to Define a Clear Direction for the Title”

Everwild Development Team Has Reportedly “Struggled to Define a Clear Direction for the Title”

Following recent reports that the game's development has been completely rebooted, Rare has also confirmed tha...