The online games maker’s revenues declined to $153.2 million from $230.7 million a year earlier, a 33.6% change, while earnings per share were flat. Analysts polled by Thomson Reuters expected break-even earnings on revenues of $191 million. Monthly active users (MAUs) were 130 million, down from 187 million in the same quarter last year but up 5.7% sequentially. Monthly unique players (MUPs) were 1.7 million, a drop from 1.9 million a year ago but a 21.4% increase sequentially.
Zynga also lowered its 2014 revenue guidance. It now expects between $695 million and $725 million in revenue, down from the previously estimated range of $770 million to $810 million. Next quarter, the company expects revenues between $160 million and $170 million and earnings from flat to 1 cent per share.
"While our quarterly financial results were in line with our guidance range, we aspire to do better and improve execution across our business,” said CEO Don Mattrick in a press release. “Inside Zynga, we recognize that our products have the potential to live for multiple years and with nurturing, refinement and investment, they can grow and scale. We are purposefully competing, and while we would like to be further along, we believe we are making the right decisions to grow our business and unlock long term shareholder value.”
Zynga ended the quarter with $1.149 billion in cash and equivalents, down from $1.541 billion at the end of 2013.