Zynga reported revenue of $311.2 million, up 59 percent when compared to the same period a year earlier, and 1.4 percent more than the previous quarter. Nevertheless, the results on both counts beat analysts’ expectations. However, there was a net loss of $435 million on an unadjusted basis that resulted from providing $510 million in stock-based compensation to employees and had been booked after the company’s IPO.

 

The late-day announcement led the investors to tread cautiously, resulting in Zynga’s shares falling in after-hours trading after they had risen nearly 7 percent before closing at $14.35. The San-Francisco-based company is gradually trying to be less dependent on Facebook, although it makes most of its money on its platform. It has introduced two major franchises and has increased its investments in mobile platforms over the past few months. It is also planning to introduce Project Z, its independent platform that will use Facebook Connect.