Zynga reported an 80 percent rise in quarterly revenue


Image representing Zynga as depicted in CrunchBase

Image via CrunchBase

Zynga reported an 80 percent rise in quarterly revenue, while net income fell as
the online game company invested in staff, technology and new
games.

The top maker of Facebook games posted revenue on Friday of $307 million. Its
net income fell 43 percent to $13 million, according to a regulatory filing on
Friday.

Total costs and expenses rose to about $275 million from $136.4 million a
year earlier.

Zynga is one of the latest companies in a clutch of social media and online
startups such as LinkedIn, Pandora Media and Groupon to make a highly
anticipated public debut. The company plans to go public before the U.S.
Thanksgiving holiday on November 24, according to sources.

Enhanced by Zemanta