WEKA, The "French Zynga" Grew Ninefold Last Year

weka entertainment officeWeka Entertainment HQ

Photo: Weka Entertainment

Weka Entertainment just might be the only publicly listed Facebook games company, so it provides a great lense into the social gaming business. And the company just announced its financial results for last year.In 2010, the company had revenues of 9 million euros and profit of almost 2 million euros, a ninefold increase from the previous year.

So there you have it: yes, social gaming on Facebook is profitable, and very profitable.

In the release announcing the results, the company says that it plans to expand strongly in 2011, both in manpower and in the games it’s creating.

Don’t Miss: Is Zynga The Most Profitable Company Ever?

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

facebook sai-us zynga