1. #1

    Join Date
    Aug 2011
    Lahore, Pakistan
    Blog Entries

    Zynga turns distribute web-based games in the United States

    The developer and publisher of Web Zynga games at auction in New York showed a 16% fall in shares after announced that minimizes the distribution of its web-based games in the United States and switches to the other markets. Instead, Zynga is going on in the U.S. and the UK to work with products that involve the use of real money, such as online casino and auctions.

    Against the background of this report the company's shares have fallen by 16%.
    The head of Zynga Mark Pincus admitted that in the third quarter figures are expected to be worse than expected on Wall Street stably high costs and a lack of profits. In the third quarter, Zynga expects an operating loss of $ 5.9 cents per share on revenue of $ 175-200 million analysts expected a loss of 2 cents per share on revenue of $ 216.2 million.

    Recall that in the reporting quarter, the head and founder of Zynga Mark Pincus was dismissed as CEO, a position now occupied by Don Mattrick, who said that Zynga will develop in the direction of competing with online casinos, online poker systems, as well as projects like King.com.

    According to the published data, in the second quarter, the company had a loss of 1 cent a share, the estimate of 4 cents loss, while the publisher's revenue fell 31% to $ 230.7 million, compared with an estimate of $ 219.2 million Net loss in dollar terms was $ 15.8 million versus $ 22.8 million a year earlier. The size of the booking in the company (the total value of virtual goods sold) was $ 187.6 million, that is, the annual decline was 38%.

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  3. #2
    ahan,,thanks for sharing buddy

  4. #3
    Originally Posted by mughalssp View Post
    ahan,,thanks for sharing buddy
    Mera nae khayal aysa kuch ho gaaaa

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