Zynga’s financial statement for Q3 has revealed that amongst a revenue of $317 million, it also managed a loss of $52 million.
Mark Pincus, CEO of Zynga stated today, “While the last several months have been challenging for us, Zynga remains well positioned to capitalize on the growth of social gaming. We’re implementing a number of steps to drive long-term growth and profitability. The successful launches of FarmVille 2 and ChefVille in the third quarter demonstrate that when we develop great games, our large player audience engages. It’s more clear than ever that along with search, shop, and share, play is a fundamental pillar of the Internet, and Zynga continues to be the leader”
This bit of news comes hot off the heels of what was reported yesterday, that Zynga has cut 5% of its staff, shut studios and will be ending 13 titles.
(Via CVG)