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Zynga Inc. (Nasdaq:ZNGA), the social game company, announced financial results for the first quarter ended March 31, 2014. “In Q1 our teams delivered a solid start to the year against our strategic frame of growing and sustaining our franchises, creating new hits and driving efficiencies. We have established a strong base for 2014 and believe we are pacing well for a year of growth,” said Don Mattrick, CEO Zynga. “For the first time in two years, our teams delivered sequential growth across our key performance metrics including bookings, Adjusted EBITDA, mobile bookings mix and audience. We believe these indicators demonstrate our strategy is working and the focus, rigor and discipline of our teams is showing up in our results. I am particularly proud of the FarmVille team’s commitment to franchise growth, especially as it relates to last week’s worldwide launch of FarmVille 2: Country Escape. Since the launch, we have seen more than 4 million installs of the game and received great feedback from our players. We are pleased with the team’s execution and encouraged by the early indicators we are seeing.”  Read More

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