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Zynga Q1 financials note $61m loss, decline in Daily and Monthly Active Users

Thursday, 24th April 2014 18:02 GMT By Stephany Nunneley

Zynga released its Q1 FY14 financials last night, and reported a loss of $61 million, compared to a $25 million loss with a $4 million profit during the same quarter of 2013.

FM2countryescape

The company reported $168 million in revenue for the quarter, which is down 36.3% over the prior year.

Daily Active Users (DAU) for the company were down 46.2% year-over-year to 28 million, and Monthly Active Users (MAU) declined 51.4% to 123 million.

Web DAUs and mobile DAUs were 12 million and 16 million for Q1, respectively. Web MAUs and mobile MAUs, on the other hand, came in at 61 million and 62 million, respectively.

During the quarter, the company launched FarmVille 2: Country Escape for iOS and Android in 155 different nations on iOS and 71 on Android.

Zynga CEO Don Mattrick said the company is looking at expanding its reduction program, which will hopefully improve profitability by the end of 2014; however, the firm is projecting a between a $65-$75 million loss for Q2.

It was announced yesterday that Zynga founder Mark Pincus would be stepping down all duties at the company but will remain chairman of the board.

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8 Comments

  1. Michael Ireland

    Mattrick seems to be a master at this stuff by now.

    #1 5 months ago
  2. Obernox

    @Michael :D

    #2 5 months ago
  3. ManuOtaku

    Headline news
    “Zynga Q1 financial note $ 61 million increae on net income, increase in daily and monthly actove users”

    BaZynga

    #3 5 months ago
  4. Legendaryboss

    @Michael Ireland @ManuOtaku
    :P

    #4 5 months ago
  5. JB

    The powah of the cloud will save him and Sunk-A… :P

    #5 5 months ago
  6. Stephany Nunneley

    You know, they could return to profit if they quit ‘forcing’ people to spend money in their games; quit gouging their customers with the pricing; and get the fuck off flash.

    Quite a few of my GF’s play FV2 (<— I tried it for a while actually) and CV and Hidden Shadows (shudder) on FB and have for years.

    All have stopped in the last few months because Zynga won't fix the constant game crashes (Flash's sucks with these games no matter the browser) and when it's a nasty bug that wipes progress, the company could give two fucks when it comes to reinstating lost progress or content to the customer.

    So, instead of doing all of this and regaining customer trust, they release FV2 Country Escape on mobile. *slow, sarcastic clap*

    #6 5 months ago
  7. Michael Ireland

    @Stephany Nunneley That’s how they’ve always made money.

    In fact, they have a name for the kind of customers that keep their business going. “Whales”. Older people with huge disposable incomes that keep the game running. It’s the vilest of the vile.

    The reason for Zynga’s recent failures is solely because most of these kind of games have migrated to mobile, and Zynga has been doing a terrible job of keeping up with the trend.

    #7 5 months ago
  8. FeaturePreacher

    Why doesn’t this company just die already so we can wait for the other shoe to drop at King.

    #8 5 months ago

Comments are now closed on this article.