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Zynga to Shut Down 4 More Major Games

The company is trying to move into mobile gaming


zynga tshirt 630Shares of game developer Zynga (NASDAQ:ZNGA) dropped more than 6% in Thursday morning trading after the company moved to shut down more under-performing games.

On Wednesday, the company said it will shutter Empires & Aliens, The Ville, Zynga City and Dream Zoo. The latest closures came after a wave of other game shutdowns in recent months, VentureBeat noted.

Zynga Starts Real-Money Online Gambling
Zynga Starts Real-Money Online Gambling

During the most recent quarter, Zynga beat analysts’ forecasts by reporting a GAAP profit of $4.1 million on revenue of $263.5 million. In the same period last year, the company lost $85 million. However quarterly revenue was down sharply from $320.9 million last year.

While it closes some games, Zynga is launching others. The company recently unveiled Draw Something 2. It is also developing a new came called Running With Friends.

Zynga is moving to develop more games aimed at mobile devices. Late last year, it shut down almost a dozen Facebook (NASDAQ:FB) games and ended its contract with the social media giant.

Earlier this month, video game maker Electronic Arts (NASDAQ:EA) announced that it would shut down three Facebook games — SimCity, Pet Society and The Sims Social — in June.

Article printed from InvestorPlace Media,

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