On Thursday, Zynga released its third quarter results and showed a loss of only $68,000—far better than the embattled gaming company’s losses of $52 million this time last year. And, because that loss was small, beating Zynga’s own expectations for Q3, its shares got a 12 percent boost in after-hours trading on Wall Street, Thursday evening. Still, that modicum of good news is just a sugar coat on an otherwise dismal earnings statement. Zynga’s Q3 revenue was only $203 million, which constitutes a decrease of 36 percent year-over-year, and a decrease of 12 percent from the quarter before. Also, Daily and Monthly Active Users were both down for Zynga. The company lost almost a quarter of its Daily Active Users compared to Q2 2013 (and that statistic is becoming a bit of a trend: we saw that exact headline on last quarter’s earnings report, too). And Zynga lost nearly 30 percent of its Monthly Active Users from Q2 2013. From Q3 2012, the statistics were down 49 percent and 57 percent, respectively. But it looks like Zynga will be progressing conservatively from here. For the fourth quarter of 2013, the company projected revenue in the range of $175 million to $185 million (a substantial decrease from this quarter’s earnings) and a net loss in the range of $31 million to $21 million. After a summer in which the company laid off 18 percent of its workforce and shuttered Omgpop , a games company it acquired for $200 million, Zynga’s next few months will be watched carefully to see how (and whether) the company will weather 2014. Read on Ars Technica | Comments
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Zynga almost breaks even in Q3, but user base still contracts
The Department of Health and Human Services announced on October 20 that the agency has launched a “tech surge” to make improvements to the troubled Affordable Care Act (ACA) health insurance exchange website , HealthCare.gov. The move comes as President Barack Obama reportedly prepares to speak about the site’s issues at an event today highlighting the ACA, frequently referred to as “Obamacare.” Secretary of Health and Human Services Kathleen Sebelius had previously blamed most of the problems experienced by citizens visiting the site on unexpected demand. But as problems have continued, the White House has grown increasingly frustrated with the site’s performance. An administration official told the Washington Post that the president and others in the administration “find [the problems with HealthCare.gov] unacceptable.” While HealthCare.gov is being operated almost entirely by a team of contractors, HHS is now stepping in to take an active role in resolving the site’s problems. In a blog post , an unidentified agency spokesperson wrote “Our team is bringing in some of the best and brightest from both inside and outside government to scrub in with the team and help improve HealthCare.gov.” Read 2 remaining paragraphs | Comments
Windows 8 was an ambitious operating system. Microsoft’s goal was, and still is, to have a single operating system that can span the traditional PC, the tablet, and everything in between . To do this, the company introduced a new kind of application —the “Modern” or “Metro” style application. It created a new style of interaction—an edge-based UI for touch users, a hot-corner based one for mouse users. And it developed a new application launcher—the Start screen. Microsoft retained the familiar Windows desktop for running traditional mouse and keyboard driven Windows software. Windows 8 worked. It was a viable operating system, and in broad strokes, it fulfilled Microsoft’s dream of one operating system for tablets and PCs. But Windows 8 was far from perfect. Its problems were in three main areas. Read 91 remaining paragraphs | Comments
After the customary six months of incubation, Ubuntu 13.10—codenamed Saucy Salamander—has hatched. The new version of the popular Linux distribution brings updated applications and several new features, including augmented search capabilities in the Unity desktop shell. Although Saucy Salamander offers some useful improvements, it’s a relatively thin update. XMir, the most noteworthy item on the 13.10 roadmap, was ultimately deferred for inclusion in a future release. Canonical’s efforts during the Saucy development cycle were largely focused on the company’s new display server and upcoming Unity overhaul, but neither is yet ready for the desktop. Due to the unusual nature of this Ubuntu update, this review is going to diverge a bit from the usual formula. The first half will include a hands-on look at the new Unity features. The second half will take a close look at the Ubuntu roadmap and some of the major changes that we can expect to see over the course of the next several releases. Read 46 remaining paragraphs | Comments