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Zynga beats Q1 forecast but revenue drops 36%

24th April 2014 7:53 am GMT

Social gaming giant Zynga has reported a 36 per cent drop in revenue to $168.0m for the first quarter of 2014, despite a solid performance from its casino franchise which saw a double-digit increase in bookings for the first time in nearly two years.

Despite the year-on-year decline in revenue, the company’s results were ahead of its previous forecast of between $155m to $165m. Bookings fell by 30 per cent to $161.4m, but were up 10 [...]

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