Zynga profits nosedive by 95 percent

Die you bastard company, DIE!

Eh, I got no hate for Zynga. Whatever gets more folks gaming is fine with me. This is probably gonna hurt their IPO, though. It’s definitely not a good thing to watch your YOY Profit drop by 95% right before an IPO.

How the hell does their profit drop by 95% while their revenue INCREASED by 15%? Yes, having to pay Facebook 30% of their microtransactions is probably part of the reason, but something doesn’t add up there…

@3

YOY is a snapshot from say Q3 2010 to Q3 2011. Its practically at this point last year they were making 27.2 and now they made 1.3 million.

Hopefully a sign that social and freemium games are moving forward to become more ingaging experiences rather then friendlist spammers, leaving Zynga behind.

I think its because of investment in their recent releases – which are essentially all the same. But certainly the release of Sims Social will have an impact

There are no words to describe how much I want this facebook/social/smartphone crap to DIE. Just DIE. Real gaming is done on consoles and PC.

@7: I’d rather they upped their game a bit, and made games with some real substance.

@8 Exactly.

Oh, this is beautiful. Just beautiful.

If a “social gamer” said “eugh, Naughty Dog, I hate those silly console games, I wish they would just shut down and die!” I bet there would be a complete uproar and a call for some witch-hunting.

Try showing a little less ignorance and accept that some people prefer the games that you don’t. Like #2 said, anything that gets more people gaming is surely a good thing?

This is rather sad news. Dunno why so many people applaud it.

@12

Indeed. You might not like the company for whatever reason, but the jobs of many folks will likely be at risk due to this in the near-term.

“Zynga was set to make its initial public offering shortly, and was seeking $1 billion in the process.”

There, fixed that for you.

Not long now before the analysts decide that Rovio Mobile is not worth at least $5billion (based almost exclusively on the success of a single game).

I don’t feel the need for Zynga to “die” per say…but they have been milking a cow just like all these social/mobile games and eventually there is nothing left to milk…and it seems to be approaching that point now…just like with everything, when its new and unique, its fun and everyone is playing it but as time goes by, you either need to innovate further or give up because success isn’t going to keep throwing itself your way for farming games that cost practically nothing to make that made the company so much money…it’s just like everything else in history, when something is not sustainable it will not last…and I wouldn’t be surprised if Rovio went down a similar path, although at least I can actually say they put some form of effort into making their game while Zynga on the other hand is a joke…

I know gaming is gaming, and yes it’s exposing more people to games but it’s still a joke…and Zynga made way more money than they should’ve for what they produced…

@12, sad?! I don’t like you right now, don’t talk me…..just *sniff* don’t.

@12 I don’t know if you’ve read up on the company and its practices in general, but I personally wish them all the worst in the world.

They’re not a developer, they’re a hedgefund posing as a game company. They’re simply jackals grabbing whatever good idea they can find on the internet, slapping their name on it and expanding their company like a mindless robot building upon itself.

IL DUCE and DSB hit the nail squarely on the head. Nothing more to add.