No more fun and games: Zynga earnings wither as users flee the farm


The fun and games at Zynga are truly over. The social games company behind such hits as FarmVille and Words With Friends reported revenue of $ 263.6 million in its Q1 2013 earnings today, a drop of 18 percent year-over-year, as Polygon reported. Even worse, adjusted before-tax earnings (EBITA) were $ 28.7 million for the quarter, down a whopping 66 percent from the same quarter in 2012, and earnings-per-share were just $ 0.01 (one cent) for this quarter. The earnings did manage to beat Wall Street analysts’ low, low expectations, but that’s not saying much, especially since the fourth quarter of 2012 saw alarmingly bad earnings, too.

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