#OMGPOP WRITEDOWN FREE#
The company reported free cash flow of US$17m, and an authorised share repurchase programme of US$200m.īookings amounted to US$255.6m, a decrease of 11pc compared to the third quarter of 2011 and a decrease of 15pc compared to the second quarter of 2012. Zynga’s Q3 net income has fluctuated, from a US$12.5m profit last year to a US$52.7m loss during this year’s third quarter, much of it resulting from the write-down of Omgpop. The company also reported findings from AppData, based on daily active users, which show Zynga held five of the top 10 games on Facebook, including Words With Friends, Zynga Poker, Bubble Safari, ChefVille, and FarmVille 2. Monthly unique users also rose, from 152m in Q3 of 2011 to 177m in Q3 of 2012, revealing a 17pc jump year-over-year. Monthly active users increased from 227m in the year-ago quarter to 311m in Q3 of 2012, up 37pc year-over-year. Zynga’s daily active users increased from 54m in Q3 of 2011 to 60m in Q3 of 2012, marking a 10pc increase year-over-year.
The company behind Facebook games such as FarmVille and CityVille revealed the job cuts during Apple’s press event on Tuesday, where Apple revealed new products, including an iPad mini. It’s been a bumpy week for social gaming company Zynga, which announced Tuesday it had shed 5pc of its workforce, but it has delivered better news in its third-quarter financial results, which show a 3pc increase in revenue to US$316.6m from a year earlier and more daily active users.
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