Zynga Announces Loss of $52 million for Q3

<p><a href&equals;"http&colon;&sol;&sol;investor&period;zynga&period;com&sol;releasedetail&period;cfm&quest;ReleaseID&equals;716058">Zynga&&num;8217&semi;s financial statement<&sol;a> for Q3 has revealed that amongst a revenue of &dollar;317 million&comma; it also managed a loss of &dollar;52 million&period;<&sol;p>&NewLine;<p>Mark Pincus&comma; CEO of Zynga stated today&comma; &&num;8220&semi;While the last several months have been challenging for us&comma; Zynga remains well positioned to capitalize on the growth of social gaming&period; We&&num;8217&semi;re implementing a number of steps to drive long-term growth and profitability&period; The successful launches of <em>FarmVille 2<&sol;em> and <em>ChefVille<&sol;em> in the third quarter demonstrate that when we develop great games&comma; our large player audience engages&period; It&&num;8217&semi;s more clear than ever that along with search&comma; shop&comma; and share&comma; play is a fundamental pillar of the Internet&comma; and Zynga continues to be the leader&&num;8221&semi;<&sol;p>&NewLine;<p>This bit of news comes hot off the heels of what was <a href&equals;"https&colon;&sol;&sol;bagogames&period;com&sol;zynga-cuttin-5-staff-closing-studios-13-titles&sol;">reported yesterday<&sol;a>&comma; that Zynga has cut 5&percnt; of its staff&comma; shut studios and will be ending 13 titles&period;<&sol;p>&NewLine;<p>&lpar;Via <a href&equals;"http&colon;&sol;&sol;www&period;computerandvideogames&period;com&sol;374667&sol;zynga-posts-52m-loss&sol;">CVG<&sol;a>&rpar;<&sol;p>&NewLine;