Zynga Q1 Revenues Climb 32% To $321 Million, No Seasonal Decline in Bookings

Zynga's revenues rose 32 percent to $321 million in the first quarter. Analysts expected earnings of 5 cents a share on revenue of $316.8 million for the first quarter ended March 31. Bookings came it at a record $329 million, up 15 percent over the year before, and up 7 percent compared to the previous quarter. The company also raised its annual guidance to $1.425 billion to $1.5 billion, up from $1.35 to $1.45 billion. Shares are up 1.8 percent in after-hours trading to $9.58.

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