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Zynga sees revenues rise to over $194 million as Zynga Poker sees huge boost

Zynga sees revenues rise to over $194 million as Zynga Poker sees huge boost

Zynga has posted its financials for its Q1 2017 for the three months ending March 31st 2017.

It saw revenues of $194.3 million for the quarter, up 4% year-on-year and 2% quarter-on-quarter. Its net loss was $9.5 million, an improvement over its $17.1 million loss in Q1 FY16 and $26 million loss in Q4 FY16.

Breaking out its games specifically, the company saw revenues of $161.6 million, up 19% year-on-year and 4% sequentially. Average DAUs also rose to 18 million, up 16% year-on-year and 17% quarter-on-quarter.

Roll the dice

Social casino continues to be Zynga's main source of revenue, with Zynga Poker alone generating 23% of its online game revenue. The game also saw revenues increase by 63% year-on-year for the quarter.

Its Slots franchise also continued to perform, generating 29% of the studio's online game revenue. However, Zynga's other perennial hit, Words With Friends, suffered a decline in revenue by 20% year-on-year.

NaturalMotion's titles remained stable sources of revenue, with the CSR Racing franchise alone bringing in 14% of Zynga's online game revenue. CSR 2 meanwhile continues to be the top grossing racing game in the US on iOS and Google Play.

Torstein Reil, NaturalMotion's CEO and co-founder, also announced his departure from the studio 15 years after he set it up. COO David Byrne will act as interim CEO until a replacement is found.


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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