But employees suck out $510m in stock-based compensation.
Going public costs money. Big money.
Zynga had a much-vaunted IPO last year, and has just reported its first financials.
They show sales of $311 million in the fourth quarter, but made a loss of $435m.
That compares with a profit of $91 million on sales of $597 million a year earlier.
However, digging into the figures, it turns out that it was the stock options that caused most of the losses.
For the year ended December, Zynga lost $404 million on sales of $1.14 billion.
Article continues belowAdvertisement
People will now speculate whether Zynga is in terminal decline, with the firm taking criticism over its working culture, cost of new user acquisition, marketing methods and the quality of its newer titles.
The company said 54m people were daily active users in 4Q.
Add a new comment
You need to be logged in to post comments. If you do not have an account then please register.
Comments
0 comments
There are no comments yet, be the first to add one!