Skip to main content
If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Facebook gaming not "doing as well as" Zuckerberg would like

Facebook's third quarter financial review included some telling comments from CEO Mark Zuckerberg on the state of social gaming in general and Zynga in particular.

"Overall, gaming on Facebook isn't doing as well as I'd like," Zuckerberg said during an earnings call, as reported by CVG.

The social network didn't give details beyond this, although overall, Facebook notes a 32% jump in revenues but ended on a loss of $59 million (£37m).

Zuckerberg said that Zynga, which once brought in 12% of Facebook's total revenue, hasn't been as lucrative of late.

"Our payments revenue from Zynga decreased by 20% this quarter compared to last year," he said.

"But the interesting thing is that the rest of the games ecosystem has actually been growing. Our monthly payments revenue from the rest of the ecosystem increased 40% over the past year since payments has been adopted. This evolution is pretty encouraging."

Interestingly, Zuckerberg also noted that facebook will continue its push on mobile as that's where its users are most engaged; Zynga is sensibly making a strong bid in the same direction, having painted itself into a corner where significant lay-offs were required.

Sign in and unlock a world of features

Get access to commenting, homepage personalisation, newsletters, and more!

Related topics
About the Author
Brenna Hillier avatar

Brenna Hillier

Contributor

Based in Australia and having come from a lengthy career in the Aussie games media, Brenna worked as VG247's remote Deputy Editor for several years, covering news and events from the other side of the planet to the rest of the team. After leaving VG247, Brenna retired from games media and crossed over to development, working as a writer on several video games.
Comments