Zynga's Gaming Revenues Rise

This story was published more than 1 year ago.

Gaming company Zynga has published its first-quarter 2021 financial results, noting that their gaming revenues were up and its net loss closed lower during the period.

Key financial indicators for the first-quarter ending March 31st, 2021 were:

  • Gaming revenues of $557 million, up 61.7% from last year
  • Advertising revenues of $123.3 million, up 107% from last year
  • Total revenues of $680.3 million, up 68.4%
  • Business costs of $685.8 million, up 38.4%
  • Cost of revenues of $260.7 million, up 78%
  • Marketing costs of $248.7 million, up 101.8%
  • Research and development costs of $140.7 million
  • Administrative costs of $35.7 million
  • Interest income of $1.7 million
  • Interest expense of $14.7 million
  • Other income expenses of $8.9 million

A Zynga statement on the results said in part: "Our tremendous quarterly revenue and bookings were driven by breakout performances from our live services, new games and hyper-casual portfolio. In addition, we are making significant progress on our cross-platform play initiative."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.