The social gaming company posted bookings of $329 million, up 15% year-over-year, and adjusted earnings per share of 6 cents, down from 11 cents year-over-year, but up sequentially from 5 cents in the fourth quarter of 2011. Zynga posted revenue of $321.0 million, up 32% year-over-year. Net income was a loss of 12 cents per share, compared to zero cents in the year-ago period.
Analysts expected Zynga to post earnings of 5 cents per share and $317 million in revenue in the quarter.
Adjusted EBITDA was $87 million, which is down 23% year-over-year, due to investment in new games, the company said.
Other highlights:
- Daily active users were 65 million in the quarter, up 6% from 62 million year-over-year.
- Monthly actives were 292 million, up 24% year-over-year from 236 million.
- Monthly unique users (excludes duplicate players and games) were 182 million in the quarter, up 25% year-over-year from 146 million.
- Average daily bookings per DAU were $0.055, up 8% year-over-year from $0.051.
- Monthly unique payers were 3.5 million, up 21% sequentially from 2.9 million in the fourth quarter of 2011.
Facebook filed its IPO in February, revealing Zynga provided 12% of Facebook's revenue. That boosted Zynga's stock. But lately Zynga's stock has been languishing below its IPO price of $10.
With the news, Zynga's stock was up 1.91% to $9.59 in after hours trading.
