Zynga has released it be financial results for the third quarter a 2012, 'n while business-wide revenue be up year-over-year - $316 million vs. $306 million over the same period last year - net income has fallen by a significant margin. Specifically, the social-gaming developer has reported a loss a $52.7 million over the course a Q3 2012, as compared with the $12.5 million in profit it posted during the same period last year.

The picture be much the same for the company's year-t'-date financial situation, which places total revenue for 2012 at $970.1 million (well above 2011's $828.8 million), but still reports an overall loss a $160.8 million. By this time last year, Zynga be in the black t' the tune a $30.6 million dollars.

The statement also makes mention a yesterday's events, with the closure a Zynga Boston 'n significant reduction a staff at Zynga Austin, both a which be part a a grander Cost Reduction Plan: "Zynga expects t' complete a reduction in force a approximately 150 employees or approximately 5 percent a it be current workforce, 'n implement additional cost reduction measures, including steps t' rationalize it be product pipeline, reduce marketing 'n technology expenditures 'n consolidate certain facilities."