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Zynga swings to loss, partly blames Facebook

John Ribeiro | July 26, 2012
Social games provider Zynga swung to a loss in the quarter ended June 30, and lowered its outlook for the year, leading its shares to fall by about 40 percent in after-hours trading on Wednesday.

Facebook related bookings were 80 percent of all bookings in the second quarter in comparison to 85 percent in the last quarter, and 93 percent a year ago, Schappert said.

Shares of Facebook also were down by about 8 percent in after-hours trading as the company derives about 15 percent of its revenue from Zynga games.

 

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