Zynga Inc. (ZNGA - Free Report)  released its first-quarter financial results, posting a loss of 1 cent per share and revenues of $194 million.

Currently, ZNGA is a Zacks Rank #3 (Hold), but this ranking could change based on Friday’s results. The stock is up 6.34% to $3.02 per share in trading shortly after its earnings report was released.

Zynga:

Matched earnings estimates. The company posted a loss of 1 cent per share, matching Street estimates of -$0.01.

Missed revenue estimates. The company saw revenue figures of $194.3 million, missing our consensus estimate of $196 million.

Mobile revenue and bookings were the highest in Zynga history, with mobile revenue up 19% year-over-year and mobile bookings up 27% year-over-year.

The company reported a 14.2% increase in bookings to $207.4 million in the quarter.

Zynga now expects revenue of $200 million in the second quarter. Bookings are expected to come in at $205 million. Analysts were expecting Zynga to forecast bookings of $195.5 million.

Here’s a graph that looks at Zynga’s earnings performance history:

Zynga Inc. Price, Consensus and EPS Surprise

Zynga Inc. Price, Consensus and EPS Surprise | Zynga Inc. Quote

Zynga Inc. is the world's largest social game developer with users playing their games which include CityVille, FarmVille, FrontierVille, Words With Friends, Mafia Wars, Zynga Poker, Cafe World, and Treasure Isle. Zynga Inc. games are available on a number of global platforms including Facebook, MySpace, Yahoo, the iPad, the iPhone and Android devices. They operate their games as live services, by which they mean that they continue to support and update games after launch and gather daily, metrics-based player feedback that enable them to continually enhance their games by adding new content and features.