Zynga reported a drastic decline in the number of people playing its online games in the first quarter, sending shares down sharply in after-hours trading, even though earnings and revenue topped market expectations.
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Monthly active users skidded 13 percent to 253 million—the lowest figure since the number peaked at 331 million at the end of the third quarter of 2012.
The company has struggled to keep users, who once flocked to its games on Facebook's website. In recent months, Zynga and Facebook have revised their business partnership, as Zynga has sought to establish itself as a more independent gaming network.