• Rate this Story
  • 0
  • 0

February 6, 2013 8:28 AM EST

Zynga Inc reported fourth-quarter revenues of $311 million, flat compared with a year ago, as the company showed signs it is beginning to cope with a dramatic, months-long exodus of online gamers.

The game maker, whose titles include "CityVille 2," reported a quarterly profit of 1 cent per share on an adjusted basis, beating Wall Street expectations of a loss of 3 cents per share, according to analysts polled by Thomson Reuters I/B/E/S.

In October, Zynga'a chief executive, Mark Pincus, laid off staff and announced $200 million in stock buybacks after the company forecast a loss for the December quarter.

(Reporting By Gerry Shih; Editing by Leslie Adler)

  • Rate this Story
  • 0
  • 0
Copyright 2012 Thomson Reuters. All rights reserved.

Join the Conversation

IBTimes TV

E-Newsletters

We value your privacy. Your email address will not be shared.