zynga

Zynga revenue drops 18 percent as player base shrinks

Zynga posted a small profit in the first quarter of 2013, earning 1 cent per share and bringing in $263,589 in revenue, the company reported Wednesday.

That beats expectations, but is down 18 percent from the same period last year. Bookings brought in $230 million, which is down 30 percent from the previous year.

Some Wall Street analysts expected the company to report a loss of 4 cents per share with a revenue of $209.79 million, according to Nasdaq. The company's own expectations was a loss of 5 to 4 cents a share with revenue between $255 … Read more

Zynga CEO to earn $1 as other execs chase big bonuses

Zynga's chief executive will be paid $1 this year, the social game developer said as it revealed a new compensation plan designed to cut costs but retain top executives.

Mark Pincus requested the board lower his annual salary to $1, Zynga noted yesterday in a regulatory filing, and he won't receive any cash bonus or equity awards this year. By comparison, Pincus was paid a salary of $300,000 in 2011 and his overall compensation that year totaled $1.68 million. Zynga hasn't yet revealed salaries for 2012.

Zynga has been struggling since it went public at the end of 2011. … Read more

Zynga starts real money gambling games April 3

Here goes Zynga's first try at Lady Luck. The struggling gaming company is officially launching its U.K. gambling sites tomorrow, the company announced in a blog post today.

Zynga is starting out with two gambling brands, ZyngaPlusPoker and ZyngaPlusCasino, hosting more than 160 games. This endeavor is a partnership between Zynga and the U.K.-based poker company Bwin.Party Digital Entertainment to offer online poker and casino games for cash.

ZyngaPlusPoker is an online poker room that features games and tournaments, while ZyngaPlusCasino will have other casino-type games, including a FarmVille slots game. Players can use the … Read more

Zynga: Game over for Dan Porter

Vice President Dan Porter, former CEO of OMGPOP before it was acquired by Zynga, has left the social gaming company. Zynga called the leave a "mutual decision" and appointed another Zynga vice president, Sean Kelly, to the head the New York office. Kelly joined Zynga in 2009 and has lead teams that have worked on games like CityVille, Farmville, and Zynga Poker.

Porter's Twitter feed has been silent about his departure, but he hasn't been shy about sharing his thoughts publicly in the past. During a panel discussion earlier this month, Porter admitted that Zynga copies other people's games. … Read more

Zynga losing another executive

Zynga CIO Debra Chrapaty is jumping ship for a higher role at another company, according to AllThingsD.

Chrapaty is moving over to enterprise cloud storage business Nirvanix, where she will be promoted to chief executive officer and executive chairwoman of the board, AllThingsD reported yesterday.

San Diego-based Nirvanix is a private company producing enterprise-class cloud storage services with a particular emphasis on preventing or at least reducing downtime.

So far, Nirvanix has raised about $70 million in venture capital with help from Silicon Valley VC heavyweights such as Khosla Ventures, Intel Capital, Valhalla Partners, Mission Ventures, and Windward Ventures.

Described by some reports … Read more

ComScore: Google claims top spot for desktop and mobile hits

Google hasn't budged from the No. 1 spot when it comes to its desktop and mobile audience, according to ComScore's latest rankings, but the companies with the most mobile growth are ones that have been struggling to keep investors happy.

Groupon, Zynga, and Pandora's mobile users grew more than twice as much as their numbers for desktop users, according to ComScore's February measurement for the top 50 digital media companies. Of course, the three companies -- which have seen their share of management shakeups and disappointing earnings this past year -- had much smaller numbers to … Read more

Zynga.com to free users from Facebook log-in requirement

In its painfully slow efforts to find independence outside of Facebook, Zynga announced today that it's making the Facebook log-in on its site optional.

That means, starting next week, gamers who want to play the games at Zynga.com won't need a Facebook account to do so. Currently, users have to log in to Facebook to play. It's a reminder that Zynga, which has been trying to remake itself into a gaming platform rather than just a game developer, still depends on Facebook as a platform.

Really, this doesn't change too much. Zynga is trying to … Read more

Ryan Seacrest teases Draw Something game sequel

Zynga is trying to capitalize on the popularity of its drawing game Draw Something by launching a sequel, Draw Something 2, a game unveiled today in a tweet from Ryan Seacrest.

The American Idol host tweeted a "drawing" from the new Draw Something 2, quipping, "I somehow convinced them to give me #DrawSomething2 first...this may be the best Mariah & Randy have ever looked." … Read more

Silicon Valley execs press D.C. on immigration law fixes

Silicon Valley firms are presenting a rare united front in an effort to end a political logjam that has blocked high-tech immigration reform.

In an unusual show of support that underscores how important the topic has become, executives from Facebook, Google, eBay and other major tech companies sent a letter today to President Obama and congressional leaders asking them to fix immigration law by the end of 2013. The current system is broken, they say, blaming visa shortages, long waits for green cards, and difficulties bringing spouses and children to the United States.

"Because our current immigration system is … Read more