Zynga Reports $332 Million In Q2 Revenue

Zynga has reported their second quarter earnings today.  The results fell short of analyst estimates on revenue and EPS.  This is Zynga’s second quarter as a public company.  At it’s highest point, the stock was trading at over $14.69 and now they are trading at around $5.08.

Zynga’s revenue was $332 million, which is up 19% year over year.  Books were down 8% compared to the first quarter of 2012.  Zynga reported a net income loss of $22.8 million due to a $95.5 million stock-based expense.

Zynga reported a diluted EPS loss of $0.03 for the second quarter and a non-GAAP EPS of $0.01.  Zynga adjusted the outlook for the rest of 2012 to “reflect delays in launching new games, a faster decline in existing web games due in part to a more challenging environment on the Facebook web platform, and reduced expectations for Draw Something.”

Facebook will be reporting their first earnings as a public company tomorrow.  If Zynga’s report is an indication of what is expected, things are not looking so good for the social network company either.