Zynga Posts Narrower Loss In Q4; Revenue Up 3% YoY

(RTTNews) - Zynga Inc. (ZNGA), a social game developer, reported a fourth-quarter net loss of $35.43 million or $0.04 per share compared to a loss of $51.20 million or $0.06 per share, previous year.

Fouth-quarter total revenue increased to $190.54 million from $185.77 million, prior year. Online game revenue was $140 million, an increase of 8% compared to the fourth quarter of 2015.

"Our topline performance was driven by better than expected mobile bookings from Zynga Poker and CSR2, offset by correspondingly higher revenue deferrals," said Ger Griffin, CFO of Zynga.

For the first quarter of 2017, the company expects: revenue to be $185 million; and net loss per share to be $0.02.