Zynga â??to report $175m profitâ??

Zynga â??to report $175m profitâ??

By Rob Crossley

July 12th 2010 at 11:15AM

Rumours suggest the firm has far outplayed analyst expectations

Zynga, the rapidly expanding social game firm, is reportedly set to announce six-month revenues of $350 million.

And, according to a TechCrunch report, half of those revenues will result in operating profit.

Zynga, now in full flow of a fearsome buyout spree, is thought to have taken in as much as $200 million in investment from Google.

No official announcement has been made on the speculation.

Zynga, one of the world’s biggest social gaming companies, has won close to half a billion dollars in investment.  These have partly funded an agressive acquisition spree, with the social game firm looking to absorb the competition in a bid to become the first kingpin in the emerging social game sector.

The group has opened offices across the globe; in Europe, the US and Asia.

Click here for Develop's reportage on Zynga’s extraordinary growth.