Market Overview

Facebook Says 15% of Q1 Revenues Derived from Processing Fees from Zynga

Facebook (NASDAQ: FB) filing:

"In 2011 and the first quarter of 2012, we estimate that up to 19% and 15% of our revenue, respectively, was derived from Payments processing fees from Zynga (NASDAQ: ZNGA), direct advertising from Zynga, and revenue from third parties for ads shown on pages generated by Zynga apps. If Zynga does not maintain its level of engagement with our users or if we are unable to successfully maintain our relationship with Zynga, our financial results could be harmed."

Posted-In: Earnings News

 

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