Zynga’s shares dropped 11% in after hours trading after it announced a net loss of $45.1 million for the fourth quarter. They also adjusted their forecast to between $155 million to $165 million down from the expected $196.9 million first quarter of the new fiscal year.
The number of monthly unique players for Zynga’s titles also fell, sliding to 1.1 million from 1.3 million.
The social game developer also announced they would be closing their China studio in Beijing laying off 71 employees in the process.
We would like to wish those affected all the best.