Zynga's active users still dropping quickly, job cuts keep losses in check

|About: Zynga (ZNGA)|By:, SA News Editor

Zynga's (ZNGA) daily active users fell 23% Q/Q and 49% Y/Y to 30M; Web DAUs fell by 7M Q/Q to 16M, and mobile MAUs by 2M to 14M. Monthly active users -29% Q/Q and -57% Y/Y to 133M. Web MAUs amounted to 82M, and mobile MAUs 51M.

Monthly unique payers -17% Q/Q and -46% Y/Y to just 1.6M. However, average daily bookings per DAU rose 4% Q/Q and 17% Y/Y to $0.047.

FarmVille 2, Zynga Poker, and FarmVille respectively made up 22%, 19%, and 18% of Q3 online game revenue vs. 15%, 20%, and 16% in Q2. Zynga claims it had 3 of the 10 most popular Facebook games in terms of DAUs as of Sep. 30.

Thanks to job cuts, R&D spend -48% Y/Y to $81M. Likewise, sales/marketing spend -42% to $21.2M. G&A was relatively steady, falling only 4% to $34M.

New COO Clive Downie comes over from leading Japanese mobile game platform provider DeNA, where he headed the company's American/European ops. He joins two months after Zynga's last COO, David Ko, left as part of a major restructuring carried out by new CEO Don Mattrick.

ZNGA +10.9% AH. Q3 results, PR.