‘FarmVille’ creator Zynga forecasts bookings below estimates

(Reuters) – Zynga Inc , which created the online game FarmVille, forecast current-quarter bookings largely below analysts' estimates, weighed down by a seasonally weak advertising business as well as declines in its web business. The company forecast current-quarter bookings of $190 million, below the $206 million expected by analysts polled by research firm FactSet StreetAccount. Bookings, an important metric indicating future revenue, include the sales of virtual goods such as currency and lives.

Original story here.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply