Zynga Announces Q3 Preliminary Financial Results, Reports Net Loss Of $90 Million And $105 Million

Posted on Oct 5 2012 - 4:16am by Editorial Staff

The social gaming company Zynga has announced its preliminary financial results for its third quarter ended September 30, 2012. The company expects to report revenue in the range of $300 million to $305 million and bookings in the range of $250 million to $255 million for the quarter. The company expected to report a net loss of between $90 million and $105 million, non-GAAP net loss between $2 million and $5 million and adjusted EBITDA between $10 million and $15 million for the third quarter. In addition, the company also expected to report diluted EPS between ($0.12) and ($0.14) and non-GAAP EPS between $0.00 and ($0.01). There is also lowering in outlook for full year 2012 in order to reflect preliminary third quarter results. The change in outlook meant because of certain reduced expectations for web games including The Ville, and delays in launching several new games.


About the Author

Editorial Staff at I2Mag is a team of subject experts.