Zynga Improves, Still Posts Loss

Zynga announced that it made more in revenue than expected for the second quarter, but still posted a $27 million loss. Still, that’s down from a $62.5 million loss in 2014.

Zynga has announced the results for the second quarter and made more money than expected—4 million in bookings, or payments in its games—but still lost .9 million for the quarter.

Still, that’s an improvement over the $62.5 million it lost in the second quarter last year.

Mobile now makes up 66 percent of Zynga’s business, up 30 percent year-on-year. However, daily and monthly active users of its games dropped 23 percent and 32 percent, respectively, year-on-year.

The company’s slots franchises are doing well. Wizard of Oz Slots and Hit It Rich! Slots both grew from the prior quarter, and the company’s social business grew considerably year-on-year, with VentureBeat pegging it at 274 percent.

Zynga also announced that it has entered into a multi-year agreement with Warner Bros. Interactive Entertainment to license the iconic brand, Willy Wonka and the Chocolate Factory, to develop social casino games.

As a first step, Zynga will bring this beloved brand to life with a Willy Wonka and the Chocolate Factory-themed social slots game, slated to launch worldwide across mobile and web in 2016, the company said in a press statement.

“The most engaged players are playing a lot of different games,” said Mark Pincus, Zynga CEO told VentureBeat. “They want the variety. We have a plan to update new reels every two weeks and introduce whole new product lines. What is working for us there is that there is a huge value to getting a winning engine.”