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Zynga Q3 revenue beats forecast but net loss grows

3rd November 2016 9:45 am GMT

Social gaming giant Zynga has posted revenue of $182m for the third quarter of 2016, beating its projections for the period, although a hike in costs due to new game launches and staff expenses saw it record a higher than expected loss.

Total quarterly revenue of $182m represented a 7 per cent year-on-year decline, but came in above the operator’s $170m to $180m forecast.

Online game revenue accounted for the vast majority of the total ($134m), with advertising and [...]

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