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Zynga 2012 revenue $1.2B, up 12 percent

Zynga emerged from 2012 with $1.2 billion in revenue, a 12 percent increase over last year's earnings, according to the financial report posted today.

According to CEO and founder Mark Pincus, the quarter's greatest achievement was the successful release of a FarmVille sequel.

"The biggest highlight of the quarter was seeing our team deliver a successful sequel in FarmVille2, a next generation social game that offers cutting edge 3-D experiences loved by millions of FarmVille fans," Pincus said. "In 2013 we're excited to bring this new class of social games to mobile phones and tablets and build a network that offers an easier, better way for people to play together."

The company's online game revenue garnered a total of $1.14 billion

Zynga reported a net loss of $209 million for 2012, $48 million of which occurred in the company's last quarter. Six new games were released during that time. Additionally, Zynga's daily active users increased from 54 million to 56 million, while monthly active users rose from 240 million to 298 million, a 24 percent increase from last year's numbers.

At the end of 2012, Zynga accounted for five of Facebook's top 10 games, including Words With Friends, FarmVille 2 and Bubble Safari. Zynga had approximately 298 million monthly active users playing its games for the fourth quarter, which ended Dec. 31.

Zynga is currently projecting loss to fall in the $12 million to $31 million range, while revenue is expected in the range of $255 million to $265 million.

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