In its quarterly report, Zynga announced some rather disappointing results.
In the second quarter, the company reported a loss of $22.8M or $0.03 per share. Total revenue grew 19% to $332.5M.
In predicting full-year earnings for the company, guidance was down-graded from $0.23 - $0.29 per share to $0.04 - $0.09.
In discussing the earnings, Zynga noted that user growth was completely flat - the only increase being due to the hit received with the acquisition of OMGPOP and all of its Draw Something users.
Facebook will report its Q2 earnings tomorrow, but with their well-reported reliance on Zynga as a major source of income (12% is the most commonly reported figure), they too will be expected to report weaker than expected results. The pre-market quotes indicate a fall of nearly 6% to a price not seen since the mid-June post IPO slump.