US majority mobile game publisher Zynga (NASDAQ:ZNGA) has announced its FY15 Q2 financials, for the 3 months ending 30 June 2015.
However the company remains loss-making.
The net loss during the quarter was $27 million, although that's down from $62.5 million a year ago and $46.5 million in the January-March 2015 period.
Zynga continues to cut back staffing levels.
It's currently in the midst of a cost reduction plan that cost it $12 million during the quarter.
However, it's not going out of business anytime soon as it ended the quarter with $1.1 billion in cash and equivalents in the bank.
Mobile games represented around 66 percent of business, while the revenue Zynga generates from advertising rose 44 percent to $38 million.
Other operational highlights included 32 percent quarter-on-quarter growth in its Slots games. Zynga has also signed a deal with Warner Bros. to make a slot game using the Willy Wonka and the Chocolate Factory brand.
New strategy game Empires & Allies is also doing well, boasting an average play frequency of 5 sessions of total time 38 minutes daily.
And average daily bookings per daily player for the game were almost three times higher than Zynga's average across all its games.
It has 21 million daily active players, down 15 percent compared to FY15 Q1.
It has 83 million monthly active players, down 18 percent sequentially.
Yet Zynga's measure of daily revenue per player was up 21 percent sequentially and 29 percent annually to $0.091.
Hence, Zynga seems to be getting better at monetising its players faster than its losing players.