Zynga, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter and Full Year of 2014
For the year, the company has posted total revenue of $873,266,000 against $1,281,267,000 a year ago. Loss from operations was $65,631,000 against $182,971,000 a year ago. Loss before income tax was $64,869,000 against $159,575,000 a year ago. Net loss was $36,982,000 or $0.05 basic and diluted per share against $209,448,000 or $0.28 basic and diluted per share a year ago. Net cash provided by operating activities was $28,674,000 against $195,767,000 a year ago. Acquisition of property and equipment was $7,813,000 against $98,054,000 a year ago. Adjusted EBITDA was $46,549,000 against $213,233,000 a year ago. Non-GAAP net loss was $34,073,000 or $0.04 per share against non-GAAP net profit of $58,178,000 or $0.07 per share a year ago.
For the first quarter of 2014, the company projects revenue to be in the range of $155 million to $165 million; Net loss is projected to be in the range of $56 million to $49 million, including a restructuring charge of approximately $15 million to $17 million; Diluted net loss per share is projected to be in the range of $0.07 to $0.06, based on a share count of approximately 860 million shares; Adjusted EBITDA is projected to be in the range of $5 million to $10 million; and Non-GAAP loss per share is projected to $0.01, based on a share count of approximately 860 million shares.
For the year 2014, the company projects adjusted EBITDA to be in the range of $65 million to $100 million; and Non-GAAP EPS is projected to be in the range of $0.01 to $0.03, based on a share count of approximately 985 million shares. Capital expenditures are expected to be approximately $30 million.