Unlike Pandora and some of the other tech companies that have filed — or have been considering filing — for an IPO, Zynga is profitable. In 2010, the company reported more than $90 million in net income, with a near-30 percent margin. And those figures will be eclipsed by 2011’s numbers: In just the first quarter of this year, Zynga reported close to $12 million in profit. And if that’s not enough to convince potential shareholders to invest, the social gaming giant has almost a billion dollars in cash on hand.
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Farmville: rakin in the cash. FarmVille and CityVille Creator Zynga Files for $1 Billion IPO |
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