Zynga reports $1.14bn of revenues for 2011


Social games giant Zynga has announced its first financial results since going public, reporting revenues of $311m for the fourth quarter of 2011, and $1.14bn for the year as a whole. The company posted a whopping loss of $435m for Q4, but that's due to a $510m bill for stock-based compensation for employees' restricted stock, triggered by its IPO.

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