Newly public costume online Zynga Games reported a first quarter net loss of $85.4 m on Wall Street yesterday.
The company, which has propelled its sales on the back of Facebook, where it draws approximately 93 per cent of its income from the social network, had revenues of 17 m $ in the same period a year earlier.
Revenues soared 32 percent on the year to $ 321 million - a figure that surpassed analyst expectations. Sales were relatively flat compared with the fourth quarter of Zynga, however.
Recent purchase of the OMGPOP Office - start behind the games titles such as draw something - permitted it beat Wall Street forecasts.
Shares of the company, which made its debut on the Nasdaq in March this year, fell nearly 40% with analysts question the ability of the company to bring in tons of money in the long run.
Facebook, which is provided for in the offices of intellectual property in the coming months, retain the right of up to 30 per cent of the nominal value of the purchases of the user in the Zynga Games on its network. This market is in place between the two held until may 2015.
Zynga shares fell 8 cents to $9.34 in after hours trading on the Nasdaq. The stock has a $ 10 price tag when the company fleet in March of this year. ®
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