Zynga remains in loss in Q3 despite record revenue and bookings
Social gaming giant Zynga announced a net loss of $41.7m (£30.7m/€36.0m) for the third quarter of its 2021 financial year, despite also reporting record revenue and bookings for the period.
Revenue for the three months to September 30 reached $704.7m, up 40.0% from $503.3m in Q3 of 2020.
Zynga noted growth across both its core business segments, with online game – or user pay revenue – increasing by 31.0% year-on-year to $571.1m, primarily driven by a change in deferred revenue.
Advertising and other revenue rocketed 98.5% to $133.6m, with Zynga putting this down to both the addition and strong performance of Rollic’s hyper-casual portfolio.