Though 2012 was a rough year Zynga – with the company seeing studio closures, layoffs and departures – the casual game developer and publisher fared better financially than it did in 2011. Zynga ended 2011 in the red to the tune of $404.3 million, while the company has posted a net loss of just $209.4 million in 2012. Year-end revenues stacked up at $1.28 billion; a 12 percent increase over 2011.

The difference between Zynga's overall Q4 revenue in 2012 and 2011 is negligible: $311.1 million as compared with $311.2 million, respectively. Online game revenues were down by three percent year-over-year, while advertising revenue was up by 35 percent, cresting $36 million. Year-over-year net losses are dramatically different, however, with Q4 2012's loss of $48.5 million an 88 percent decrease from the $435 million loss posted in Q4 of 2011.

Looking forward, Zynga anticipates a net loss for Q1 2013, somewhere in the ballpark of $12 million to $32 million.

This article was originally published on Joystiq.