Zynga has filed an SEC document which shows its quarterly revenues to be at record highs, but shows profits to have dwindled since the same period last year.
The extensive document, pertaining to the company's forthcoming IPO, shows that sales have reached an all time high of $306.8 million at the social publisher, but profits are down to $12.5 million compared to the $42.9 million for the same quarter last year.
The largest cost increase at the company has been in research and development, rising from $39.7 million to $49.8 million since the same period in 2010.
Despite the drop in profit, the results are still a marked improvement from the previous quarter, ending June 30, 2011, which saw a profit margin of just $1.4 million. However, the results are unlikely to put a very positive spin on the company's forthcoming NASDAQ listing.
The report cites a company-wide MAU of 152 million, an increase from last quarter's 151 million. However, those numbers will be adversely affected by the recent changes in user measurements from Facebook, which cut large numbers of reported users for the company's titles in October.