iGaming Business – Social gaming firm Zynga has posted weaker-than-expected quarterly financial figures and cut its full-year forecasts after revealing that it had delayed the release of several games.
The company said that its number of active monthly players dropped year-on-year from 187 million to 130 million.
Zynga now expects deferred revenue for 2014 of about $695 million to $725 million – lower than previous forecasts of between $770 million and $810 million.
The firm’s share price plummeted by nine per cent in after-hours trading on the Nasdaq exchange.
Anticipated launches of an updated version of Zynga Poker and other games such as Words with Friends, as well as mobile games from the Natural Motion studio it acquired in January, have been delayed.