Zynga losses aren’t bad, but the decline in social gamers continues

Social gaming giant Zynga, the maker of games like FarmVille, reported better-than-expected earnings and revenues today.

The company said its GAAP (generally accepted accounting practices)  et loss for the third quarter ended Sept. 30 was $68,000, or break-even on a per share basis, while its non-GAAP net loss was 2 cents a share. Revenue was $203 million, down 36 percent from a year ago. Meanwhile, bookings were $152 million, down 40 percent from a year ago. Analysts expected the social game company to report a loss of 4 cents a share on revenue of $143 million. Zynga itself expected revenue of $175 million to $200 million and a net loss of $14 million to $43 million. A year ago, Zynga lost 7 cents a share on revenue of $317 million.