Revenue during the quarter went up marginally by 2.57 percent to $190.54 million from $185.77 million in the previous year period. Gross margin for the quarter expanded 126 basis points over the previous year period to 67.13 percent. Operating margin for the quarter stood at negative 18.09 percent as compared to a negative 29.67 percent for the previous year period.

Operating loss for the quarter was $34.46 million, compared with an operating loss of $55.13 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $10.58 million compared with $5.32 million in the prior year period. At the same time, adjusted EBITDA margin improved 269 basis points in the quarter to 5.55 percent from 2.86 percent in the last year period.

“We had a strong Q4 and made significant progress this year in our turnaround and we’re encouraged by the fundamentals of our business as we head into 2017. We’re pleased with the performance of our live services and the quality of our new releases as we improved profitability and continued to sharpen our operating model,” said Frank Gibeau, Chief executive officer of Zynga. “We rallied around our company mission to connect the world through games and create the highest quality social experiences for our players. Our renewed commitment to our live operations is paying off with Zynga Poker and Words With Friends delivering outstanding revenue and bookings. We improved our quality and predictability, launching all games in our 2016 slate including two new NaturalMotion titles ��" CSR2 and Dawn of Titans ��" which we expect to be long term mobile franchises for us.”

For the first-quarter, Zynga Inc forecasts revenue to be $185 million. Zynga projects net loss to be $16 million for the first-quarter. The company expects diluted loss per share to be $0.02 for the first-quarter.

Cash flow from investing activities was $204.10 million for the year, down 72.77 percent or $545.47 million, when compared with the last year. It has incurred net capital expenditure of $7.10 million on net basis during the year, up 1.23 percent or $0.09 million from year ago.

The company has spent $150.33 million cash to carry out financing activities during the year as against cash outgo of $93.54 million in the last year period.

Cash and cash equivalents stood at $852.47 million as on Dec. 31, 2016, up 14.85 percent or $110.25 million from $742.22 million on Dec. 31, 2015.

Working capital declines
Zynga Inc has witnessed a decline in the working capital over the last year. It stood at $721.84 million as at Dec. 31, 2016, down 17.61 percent or $154.25 million from $876.08 million on Dec. 31, 2015. Current ratio was at 3.96 as on Dec. 31, 2016, down from 4.71 on Dec. 31, 2015.