Zynga Lost $225.9 Million in 2014 - News
by William D'Angelo , posted on 13 February 2015 / 5,227 Views
Mobile publisher Zynga has released their fourth quarter and full fiscal year earnings report, which ended December 31, 2014. For the fourth quarter they reported revenue of $192.5 million, up from $176.4 million a year ago. However, losses increased to $45.1 million, from $25.2 million.
For the full fiscal year, Zynga reported revenue dropped to $690.4 million, from $873.3 million a year ago. Losses jumped to $225.9 million, from $37.0 million.
"2014 was a year of progress for Zynga - we came together as one team and applied more discipline and rigor to our business," said Zynga CEO DonMattrick. "In the fourth quarter, we increased mobile bookings to 60% of our total bookings mix, expanded our mobile audience with monthly mobile consumers up 87% year over year, and grew our core franchise bookings by 35% year over year."
"In 2015, we will focus on three priorities: driving mobile growth, launching more products in more evergreen categories and building on our social legacy," continued Mattrick. "We will deliver a 100 percent mobile-first new product slate featuring new games, with a goal of ending 2015 with more than 75% of our fourth quarter bookings coming from mobile."
________________________________________________________________________________________
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. Outside, in the real world, he has a passion for the outdoors which includes everything from hiking to having received his B.A. in Environmental Studies. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
More Articles
Nice work Don!
"My name... is... NEO"
Casuals are an unpredictable market.
They are also the elast loyal and fickle who will leave at the drop of a hat for another shiny F2P from what we've seen, just look at King's profits compared to Zynga, they've basically replaced them and then someone will come to replace King in no time(unless they copyright everything)
I bet Matrick is regrets jumping ship. lol
I bet all the @#$@#$@ pre-X1 lauch kind of forced him to jump the ship.
Ha! Mobile will never dominate over traditional gaming! Sorry tho Zynga...
I bet Matrick is regrets jumping ship. lol
Zynga ran out of board games to copy and paste.
B-b-but I thought mobile gaming was the promised land D:
/s
clap.gif
Don Mattrick. lol
He is the opposite of King Midas. Whatever he touches turns into junk!
Wow, congratulation Don! :D
Welp... Thank goodness he's not with Microsoft anymore.
"2014 was a year of progress for Zynga..." Really, how, in what sense? Does he mean progressed further towards Zynga's inevitable demise? Even Don thinks that's a good thing?
I don't understand. With all those increases, did they make a net profit or a net loss?
