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Zynga reduces net loss as revenues climb in 2012

6th February 2013 9:11 am GMT

Social games company Zynga said Tuesday that it expects revenues to fall by between 17 and 21 per cent for the first quarter of 2013, despite posting a 12 per cent increase in revenues to US$1.28bn last year.

Total revenues were up 12 per cent to $1.28bn, with bookings (the money made from virtual goods sales) falling marginally by 1 per cent to $1.15bn. Online game revenue grew by 7 per cent to $1.14bn, while advertising [...]

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