Is Zynga Making Money from Mobile Games? — Market Mad House

Looking at game maker Zynga Inc. (NASDAQ: ZNGA) is a good way of seeing how profitable social media could be?

Zynga makes such popular social media games as FarmVille, Zynga Poker, Draw Something, and Words with Friends. Additionally, Zynga offers popular mobile games including slot machine games; fruit machines to the Brits, and Crosswords with Friends.

Players downloaded Farmville games 700 million times between June 2009 and 2019, VentureBeat claims. Additionally, Zynga claims over one billion people have played its games.

Zynga is in a growing market, Statista projects global mobile app gaming revenues could from $35 billion in 2015 to $75 billion in 2020. Thus, Zynga is a great company to examine to see how much money social media could generate.

Is Zynga Making Money?

The Zynga (NASDAQ: ZNGA) financial numbers show social media gaming could be a lucrative business.

For instance, Zynga reported a quarterly gross profit of $211.43 million on revenues of $345.29 million on 30 September 2019. Additionally, Zynga reported a quarterly net common income of $230.08 million on the same date.

However, Zynga reported an operating loss of -$73.66 million for the quarter ending on 30…