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Zynga Financials Disappoint

Social gaming firm Zynga revealed their 2014 financials this past week, noting revenues down 21% and causing share prices to fall 16%.

Key financial indicators for the year ending December 31st, 2014 were:

  • Revenues of $690 million, down 21% from the previous year;

  • Gaming down 28% from the previous year;

  • Ad revenues up 34% to $153 million;

  • The company posted a net loss for the year of $226 million.

  • Mobile revenues were up 120%, now making up 60% of the company's entire revenue stream.

Zynga has struggled mightily over the past several years, as the company has struggled with its poker and Facebook powered casino offerings.

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