Facebook and Zynga's Quarterly Earnings

Facebook

• Reported its first quarterly earnings since going public today. 
• The company lost $157 million, or 8 cents per share, though it did perform better than analysts were expecting. 
• Facebook's total revenues rose to $1.18 billion on strong advertising sales, meaning that if not for "certain costs" profit would have been 12 cents a share. Analysts had expected about $1.16 billion in revenue. 
• (We're guessing those "certain costs" include their many acquisitions, including Instagram, for $1 billion.)
• Shares initially rose after the report, but then took a downward turn in after-hours trading. Then the stock hit a new low of $25 per share. 
• Facebook shares have not been a big hit on Wall Street, falling 29% since the company's much hyped about IPO in May.

Zynga
Zynga is the maker of several popular social games, whose 2011 IPO was one of the Internet’s biggest ever. 

• Lost $22.8 million during the quarter
• Less-than-expected revenue of $332 million
• They issued a very weak forecast for the rest of the year
• Zynga's stock went down 37% in pre-market trading today
• Zynga is blaming Facebook for many of their troubles
• Nearly 90% of Zynga's revenue comes from Facebook (through ads)
• "Facebook made a number of changes in the quarter," said Zynga's COO. "These changes favored new games. Our users did not remain as engaged and did not come back as often."

See Netflix and Apple's earnings here, and Microsoft and Google's Earning's here.