Optimum News 12 Newsday.com MSG Varsity Explore LI AM New York Optimum Autos Optimum Homes
Print Aa

Zynga posts 4Q net loss on IPO-related stock costs

Originally published: February 14, 2012 5:48 PM
Updated: February 14, 2012 6:13 PM
By The Associated Press  BARBARA ORTUTAY (AP Technology Writer)

Quick ReadZynga reports 4th-quarter loss on IPO stock costs, higher revenue in first report since IPO

Photo credit: AP | FILE - In this Dec. 16, 2011 file photo, "Farmville," by Zynga is shown on an electronic billboard at the Nasdaq MarketSite, in New York. Zynga Inc., releases quarterly financial results Tuesday, Feb. 14, 2012, after the market close. (AP Photo/Mark Lennihan, File)

Photos

(AP) -- Online game maker Zynga Inc. reported a net loss in the last three months of 2011, weighed by hefty stock-compensation expenses and other costs in its first quarter as a public company.

Its adjusted earnings and revenue skidded past Wall Street's expectations, but that wasn't enough to lift the stock of the company behind the most popular games played on Facebook. Zynga's stock fell...

Content Preview This content is exclusive for Newsday digital access and 7-day home delivery subscribers and Optimum Online® customers.

Already
registered?
Log in
Already a
subscriber/customer?
Register
Subscribe for
a free trial!
Subscribe

Facebook