Zynga Q1 Revenue Dips to Two-Year Low
Zynga released information regarding the company’s performance for the first quarter of 2013 on Wednesday. The markets were unimpressed; following a 5% bump in the day leading up to the earnings announcement, after-hours traders immediately shaved nearly 10% off the stock’s price.
Partnership with bwin.party
Zynga launched real-money poker and casino skins of the bwin.party platform on April 2nd, 2013. The company declined to offer specifics of user numbers for or revenue generated by these games, but PokerScout data suggests the number of real-money poker players coming from Zynga to Party is negligible—so far.
CFO Mark Vranesh said Zynga is “expecting modest bookings from RMG” for 2013. But he hedged by saying that Zynga does not “believe they will be significant to 2013 results.” No further details regarding real-money performance were offered on the call.