Updated 25 May, 2013, 6:56 pm IST
Buyout of OMGPOP helps Zynga in posting strong first quarter revenue
| by Aaron Almeida |
Draw Something is probably the hottest social gaming app right now and in late March, it had more than 35 million users on it. This abundant amount of success for an app that has taken the world by storm had prompted Zynga to acquire the app’s developer, OMGPOP for a whopping $180 million in cash. As per a report by Reuters, this acquisition appears to have benefited Zynga to a large extent as they have posted a strong first quarter revenue. As per the report, “Zynga Inc. posted first-quarter revenue of $321 million, beating Wall Street expectations on the back of strong performances from new titles, including "Hidden Chronicles" and "Slingo," as well as the acquisition of social gaming startup OMGPOP.”
$321 million first quarter revenue
Tags: Zynga , Zynga first quarter earnings , Zynga Q1 2012 earnings , Zynga Q1 2012 results , Zynga Q1 2012 financial results , Draw Something , Drawsome , OMGPOP , Draw Something iOS , Draw Something iPhone , Draw Something iTunes , Draw Something Android , Draw Something Google Play , Draw Something Review , Draw Something Reviewed , Draw Something Reviews , Draw Something Price , Draw Something Free , Draw Something Paid
25 May, 2013, 06:56 PM
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