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Zynga Slips To Loss In Q4 - Quick Facts

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Zynga Inc. (ZNGA: Quote) reported that its fourth-quarter net loss attributable to common stockholders was $435.01 million, compared to net income of $16.06 million in the same quarter last year. On per share basis, net loss for the quarter was $1.22 compared to net income of $0.05 for the fourth quarter of 2010.

The latest quarter results included $510 million of stock-based compensation expense for restricted stock units issued to employees that was previously unrecognized until triggered by initial public offering.

Non-GAAP earnings per share was $0.05 for the fourth quarter of 2011 compared to $0.09 for the fourth quarter of 2010.

Total Revenue was $311.24 million up from $195.76 million in the year ago quarter. Bookings were at a record level of $306.5 million for the fourth quarter of 2011, an increase of 26% compared to the fourth quarter of 2010 and an increase of 7% compared to the third quarter of 2011.

Looking ahead for fiscal 2012, non-GAAP earnings per share is projected to be in the range of $0.24 to $0.28. Bookings are projected to be in the range of $1.35 billion to $1.45 billion.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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