The CEO of Facebook, Mark Zuckerberg, expressed his disappointment in the performance of games on the Facebook platform when he spoke at the company's third-quarter conference call today, AP reports.
Zuckerberg pointed out that revenue from Zynga games declined 20 percent on last year, saying: "Gaming on Facebook isn't doing as well as I'd like."
Zynga, which previously contributed 62 percent of Facebook's payments and fees revenue in 2011, slipped to 43 percent this year. The social gaming company also makes up seven percent of Facebook's overall revenue, down from 12 percent last year.
In saying that, Zuckerberg added that gaming on the Facebook platform stil looks promising, with reported growth in revenue and market share from game developers Kixeye, Wooga, and King.com.
"The reality is that there are actually two different stories playing out here," he said. "On the one hand, our payments revenue [from Zynga] decreased by 20 percent this quarter compared to last year. But the interesting thing is that the rest of the games ecosystem has actually been growing."
"This evolution is pretty encouraging," he said.