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Zynga's Social Slots see 31% growth but overall the company remains loss-making

Zynga's Social Slots see 31% growth but overall the company remains loss-making

Zynga (NASDAQ: ZYNGA) has released its financials for its 2016 Q2 period, ending June 30 2016.

It shows a GAAP revenue of $182 million for the quarter, down 3% from Q1.

The company made a net loss of $4 million.

On mobile, Zynga's social casino games have experienced the most growth, with its Social Slots portfolio seeing revenue up 31% year-on-year, while revenue for Zynga Poker was up 9% year-on-year.

Losing friends

Its mobile games have seen an overall decline of 7% in DAUs as older games such as Words With Friends lost users, though Zynga said that for this game it is likely a seasonal dip.

Zynga mobile audience is on the slide

"We are continuing to make great progress in our turnaround," said Zynga CEO Frank Gibeau.

"In Q2, we launched 4 new games, including the successful release of NaturalMotion’s highly anticipated CSR2. Our top live services saw growth, with Words With Friends, Social Slots and Zynga Poker delivering strong results this quarter."

How well CSR2 is doing for Zynga is currently unknown, since it was released just as the quarter ended, but Survey Monkey thinks it's making around $300,000 a day globally.

Zynga also said that its long-awaited title Dawn of Titans is on track for a Q4 release, while its latest FarmVille title is due out in Q3.

 

Editor

Ric is the Editor of PocketGamer.biz, having started out as a Staff Writer on the site back in 2015. He received an honourable mention in both the MCV and Develop 30 Under 30 lists in 2016 and refuses to let anyone forget about it.

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