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Considering Zynga has $1.2Bn in cash on hand, I'm surprised they haven't already bought a gambling company outright by now
by rhufnagel 14y ago
Considering Zynga has $1.2Bn in cash on hand, I'm surprised they haven't already bought a gambling company outright by now
- Retric 14y agoThat sounds great but last I checked they where still burning money fairly quickly.
- il 14y agoYou checked wrong- they've been profitable for a while now.
- Retric 14y agoUmm, in there own words there not profitable: http://investor.zynga.com/releasedetail.cfm?ReleaseID=695419 http://investor.zynga.com/releasedetail.cfm?ReleaseID=695419 Quarter ended June 30, 2012 Revenue $332,493, Net income (loss) ($22,811) 6 months ending June 30, 2012 Revenue: $653,465 Net income (loss): ($108,162) You might say it's a positive trend and there losses are decreasing, but they had some profits last year that are 1/10th their current losses.
- il 14y agoI suppose it depends if you're looking at the GAAP(negative) or non GAAP earnings(positive). I'm not sure which one tells the truth, but most press sources seem to cite a positive EPS of $0.01. In any case, this is not really a company that's hemorrhaging money.