Zynga Q4 Revenues and Net Beat Estimates
Zynga has reported some losses in its Q4 and 2012 results, though the losses have narrowed. For the quarter, the company's revenue was $311 million while its net loss according to GAAP was $49 million, or $0.06 per diluted share. The former was down slightly from Q4 2011's result, while the bottom line was significantly narrower compared with the year-ago period's shortfall of $435 million, or $1.22 diluted EPS.
On an adjusted basis, this past quarter's net was in the black at $6.9 million ($0.01 EPS). On average, analysts were expecting an adjusted loss of $0.03 per share, on top line of $250 million.
For the full year, Zynga took in $1.3 billion in revenue and had a net loss of $209 million, or $0.28 per share. Those line items for 2011 were $1.1 billion and a loss of $404 million ($1.40), respectively.
Going forward, the company expects Q1 2013 revenue of $255 million to $265 million, with a net loss of $12 million to $32 million. For the full year, it anticipates an adjusted EBITDA margin of 0%-10%; it did not specify revenue or net profit figures.
The article Zynga Q4 Revenues and Net Beat Estimates originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Zynga. The Motley Fool has no position in Zynga. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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