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Zynga CFO Resigns as Monthly Users Decline

Quarterly results slightly top analyst expectations.

by CNBC
Zynga

Shares of gaming company Zynga zig-zagged in extended-hours trading Tuesday, landing up slightly after it announced a C-suite departure as monthly users declined.

The company behind FarmVille delivered quarterly results that slightly topped analyst expectations, posting earnings that broke even on revenue of $176 million. Analysts had predicted revenue to decline 3 percent year-on-year to $170 million, according to consensus estimates by Thomson Reuters.

CFO David Lee will be departing his role as CFO effective immediately, the company said, as monthly active users, a key metric for Internet companies, declined 27 percent year-on-year during the quarter.

Read the rest of this post on the original site »

This article originally appeared on Recode.net.

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