Zynga on the rebound as shares hit 6 month high

Growing revenues and monthly users breathe new life into beleaguered business

Embattled social games giant Zynga is drawing more confidence from Wall Street following a positive end of year earnings report.


Bringing an end to what was a disastrous year for the company, Zynga noted that its full year revenues were up by 12 per cent ($1.28 billion) while monthly active users appear to have hit 300 million.

The perceived staying power of Zynga - despite a tumultuous business year that saw numerous major executives leave the company - appears to have improved the company's image to investors.

On Friday the firm's share price hit a six month high at $3.43 (much of the year was below $2.50). However, the business has some way to go to match the $15 peak it hit in March last year.

Zynga has lost numerous high-profile staff in recent months, including but not limited to Words with Friends creators Paul and David Bettner, chief marketing and revenue officer Jeff Karp and infrastructure CTO Allan Leinwand, second-in-command John Schappert, chief creative officer Mike Verdu, CFO David Wehner, plus vice presidents Bill Mooney and Brian Birtwistle.