Zynga loses $209 million in 2012

Social game studio posts overall loss in past year; net revenue rises 12 percent to $1.28 billion.

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Zynga today reported fourth-quarter and full-year 2012 financial results, announcing net revenue rose 12 percent to $1.28 billion for the year. However, that did not stop the social game studio from posting a full-year net loss of $209 million.

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Revenue for the fourth quarter ended December 31 hit $311 million, with Zynga reporting a net loss of $48.6 million for the period.

Highlights of the company's fourth quarter included daily active users rising from 54 million to 56 million and monthly active users jumping from 240 million to 298 million, representing surges of 3 percent and 24 percent, respectively.

"Our team executed well in the fourth quarter and made important progress in building sustainable new revenue streams and further aligning our company around our best growth opportunities," said Zynga chief operations officer David Ko in a statement.

Looking ahead to Zynga's first quarter of 2013, the company said it expects revenue to be in the range of $255 million to $265 million, with a net loss projected to be in the range of $32 million to $12 million.

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