Zynga shares fall as costs weigh profits

Games company Zynga fell as much as 11 per cent in late trading yesterday after product-development costs weighed on profit.

15th February, 2012
Zynga shares fall as costs weigh profits
Zynga opened its new operations centre in Dublin last year.

Games company Zynga fell as much as 11 per cent in late trading yesterday after product-development costs weighed on profit.

The company is the biggest developer of games for Facebook and last year it opened its new operations centre in Dublin to support international players of its games, which include CityVille and FarmVille.

Earnings before interest, taxes, depreciation and amortization fell 34 per cent to $67.8 million in the fourth quarter from a year earlier as...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 6 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 6 years ago