Zynga Q4 Revenues and Net Beat Estimates

The social-network games maker narrows its loss and reports a higher-than-expected top line.

Eric Volkman
Eric Volkman
Feb 5, 2013 at 5:35PM
Technology and Telecom

Zynga (NASDAQ:ZNGA) has reported some losses in its Q4 and 2012 results, though the losses have narrowed. For the quarter, the company's revenue was $311 million while its net loss according to GAAP was $49 million, or $0.06 per diluted share. The former was down slightly from Q4 2011's result, while the bottom line was significantly narrower compared with the year-ago period's shortfall of $435 million, or $1.22 diluted EPS.

On an adjusted basis, this past quarter's net was in the black at $6.9 million ($0.01 EPS). On average, analysts were expecting an adjusted loss of $0.03 per share, on top line of $250 million.

For the full year, Zynga took in $1.3 billion in revenue and had a net loss of $209 million, or $0.28 per share. Those line items for 2011 were $1.1 billion and a loss of $404 million ($1.40), respectively.

Going forward, the company expects Q1 2013 revenue of $255 million to $265 million, with a net loss of $12 million to $32 million. For the full year, it anticipates an adjusted EBITDA margin of 0%-10%; it did not specify revenue or net profit figures.