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Zynga investors seen having to wait longer for growth

08
Aug
2014

(Reuters) – Zynga Incs investors will have to wait until at least next year to see if the company can grow profitably, analysts said after the Farmville creator cut its 2014 revenue outlook. Zyngas shares fell as much as 7 percent to a 14-month low of $2.71 in heavy early trading on the Nasdaq on Friday. The company, which has not made an annual profit since going public in 2011, said on Thursday it had delayed the launch of new versions of several titles, including Zynga Poker and Words with Friends as well as mobile games from Natural Motion, a studio it bought in January for $527 million. Zynga said it now expected to get revenue from the new titles in 2015.

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