Earnings Reports & the Social Sphere

May 01, 2012

‘Tis the season for first quarter earnings reports, and social gaming company Zynga is announcing that it beat expectations. The company is reporting 292 million active monthly users-up nearly 60 million over last year-which amounts to a 32% revenue increase for $321 million.

The gaming company is behind social games like Cityville and Word with Friends. Popular on Facebook and on mobile devices the games are famous for being simple and addictive.

LivingSocial, is also under the earnings microscope. According to Daily Deal Media, when Amazon.com released its earnings report, the social media giant reported that LivingSocial's earnings were $110 million in the first quarter (Amazon is the daily deal's provider biggest investor).

(www.zynga.com, www.livingsocial.com)