Zynga posted a net loss of $47 million in the fourth quarter ended December 31, 2015, compared to a net loss of $45 million in the comparable period last year. The company expects to launch new games in 2016.
Social online gaming Zynga posts its third-quarter earnings that beat analysts expectations, revealing that the company is still able to compete in current mobile-age time. Zynga reported $176 million in bookings with a revenue of $196 million.
Zynga continues to lose more players as internet users switch to mobile devices. The Farmville creator continues to cope by investing more in slot games which helped the company slash its losses from $62.5 million to $26.9 million.
Two of Zynga's games have improved by 274% compared to last year's bookings, which made the company soar in terms of profits and bookings. Plus the company is currently brewing a new game.
One of the world's largest online games companies, Miniclip, has hired advisers to find a buyer after previous attempts to sell it fell through, according to several sources familiar with the firm.
San Francisco, US-based venture fund Data Collective landed $125 million for its third fund that exclusively invests in big data and data science startups, according to a document filed with the US Securities and Exchanges Commission.
London, UK-based gaming firm King priced its shares at $22.50 for its initial public offering (IPO) in New York, US, which values that company at over $7 billion.
After 14 years of service in Microsoft, Xbox Chief Product Officer Marc Whitten will be departing and heading over to Sonos to take the same position for an unspecified reason.
U.S. District Judge Jeffrey White dismissed the lawsuit filed against San Francisco, California-based social game maker Zynga in which shareholders accused the company of lying about its financial status before it went public.
Toronto, Canada-based games creator Big Viking Games seeks to buy back Yoville from Zynga in a bid to avoid the game's early death, since the latter announced it would shut the game down on March.
San Francisco, California-based social games services provider Zynga Inc is laying off around 314 employees, or 15% of its workforce, as part of a cost reduction strategy to generate between $33 million to $35 million in savings for 2014.
US-based social games maker Zynga is testing Bitcoin payments for in-game purchases in some of its popular titles including FarmVille 2 and ChefVille, and has partnered with BitPay to handle the transactions.
The price of Bitcoin went over $1,000 on Mt. Gox again today after Zynga Inc said it would be accepting the virtual currency, Bloomberg reported.
San Francisco-based mobile game business engine Playhaven and mobile analytics firm Kontagent have decided to merge in an all-stock deal is said to be worth hundreds of millions of dollars.
UK-based mobile game maker King has delayed its initial public offering (IPO) until 2014 amid fears that its flagship game, Candy Crush Saga, is just a "one hit wonder," said UK-based newspaper.