Zynga Q1: Net income up, active users down

Zynga has posted its financial reports for Q1 2013, showing a mixed-bag of results for the social gaming firm.

Farmville 2 showed good legs, with 40m active users each month. Zynga stated the game exceeded company expectations and called it a breakout hit.”

Net income was up $4.1m overall, a stark difference from the $85.4m loss it endured during the same period last year. However, sales declined 18 per cent to $264m.

Perhaps more foreboding, daily active users were down to 52m, showing a 21 per cent fall (a difference of 12m from 2011). Monthly active users also dropped to 253m, compared to 292m.

Additionally, the company plans to shut down four titles – The Ville, Empires & Allies, Dream Zoo, and Zynga City on Tencent.

The company will now look to its UK-exclusive gambling titles, ZyngaPlusPoker and ZyngaPlus Cansino, calling them the first step toward realizing Zynga’s long-term vision of bringing players the next generation of real money games on multiple platforms in regulated markets.”