iGaming Business – Social gaming company Zynga has reported revenue of $203 million (€150.4 million) for the third quarter of 2013, a 36% drop on the figures posted for the same period last year and a 12% decrease on the second quarter of 2013.

Zynga also reported a heavy loss in online gaming revenue, which came in at $174 million, down 39% on the third quarter of 2012 and a 14% decrease on the second quarter of 2013.

Farmville 2 was responsible for 22% of online gaming revenue, while Zynga Poker and Farmville accounted for 19% and 18% respectively.

Adjusted earnings before interest, depreciation and amortisation stood at $7 million for the quarter, lower than both the $8 million recorded in Q2 and the $16 million posted in Q3 last year.

Advertising revenue also dropped by 9% from last year’s Q3 figure to $28 million, while bookings also decreased to $152 million, a 40% fall on the amount recorded for the same period last year.

In addition, the number of monthly active Zynga users also decreased by 57% from 311 million in the third quarter of 2012 to 133 million in the latest quarter.

Despite the disappointing figures, Zynga did post a net loss of $68,000, significantly better than the losses of $53 million and $16 million suffered in Q3 of 2012 and Q2 of 2013, respectively.

As a result of the monthly figures, Zynga has projected fourth quarter revenue of between $175-185 million, while net loss is expected to be between $21-31 million.

FULL STORY