Zynga payments to Facebook down 20%
As platform enjoys 40% boom from other social gaming companies
Zynga's payments to the Facebook platform have dropped 20 per cent in the last quarter, while payments from other gaming companies have increased by 40 per cent
The numbers were revealed by Facebook CEO Mark Zuckerberg in a call to investors last night, following a devastating day for social gaming, with Zynga confirming the axing of multiple jobs, the closure of its Boston studio and the potential shuttering of teams in the UK and Japan.
"Overall, gaming on Facebook isn't doing as well as I'd like, but the reality is that there are actually two different stories playing out here," said Zuckerberg.
"On the one hand, our payments revenue from Zynga decreased by 20 per cent this quarter compared to last year. But the interesting thing is that the rest of the games ecosystem has actually been growing.
"Our monthly payments revenue from the rest of the ecosystem increased 40 per cent over the past year since payments has been adopted. This evolution is pretty encouraging," he added.
Facebook revealed last night that revenues were up 32 per cent for the third quarter, but the company posted a net loss of $59 million.