Business

MARKET MOVERS

Game maker’s R&D costs weigh on profit

Jeff Chiu/Associated Press/File 2011

Before yesterday, Zynga’s stock had gained 44 percent since its December initial public offering. Above is CEO Mark Pincus.

Advertisement

Zynga Inc., the biggest developer of games on Facebook, fell the most ever after a report showed product-development costs weighed on quarterly profit. Earnings fell 34 percent to $67.8 million from a year earlier, the San Francisco company said. Research and development costs jumped more than eightfold to $444.7 million last quarter. Sales and marketing expenses almost tripled, to $112.2 million.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com