Zynga reports $85 million quarterly loss

Reuters News
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Posted: Apr 26, 2012 4:19 PM

SAN FRANCISCO (Reuters) - Zynga Inc posted a first-quarter loss of $85 million, or 12 cents a share.

That compares to earnings of $17 million a year earlier.

On an adjusted basis, the social gaming company reported a profit of $47 million.

Revenue was $321 million, an increase of 32 percent from a year earlier. Analysts on average were expecting revenue of $317.25 million, according to Thomson Reuters I/B/E/S.

(Reporting by Gerry Shih; Editing by Dale Hudson)