Zynga Crashes After Q1 Earnings Report

Zynga's Q1 2013 numbers are out!

While Q1 revenue beat analysts' expectations, Zynga's stock took a hard hit. The social gaming company's monthly active users were down and Q2 guidance was weak.

Here are the highlights from the call:

Q1 2013 Revenue: $263.59 million, estimate was $209.79 million. That's down 18% year-over-year.

Bookings: $230 million, down 30% year-over-year.

EPS: $0.01 adjusted, estimated loss was $0.04.

DAUs: 52 million in the first quarter of 2013, down 21% year-over-year

MAUs: 253 million in the first quarter of 2013, down 13% year-over-year.
Farmville 2 is once again a bright spot in the report with bookings exceeding expectations.

Q2 2013 Revenue: $225 million to $235 million. Analysts were expecting $236.12 million next quarter.

EPS Q2 2013: ($0.05) to ($0.03), based on a share count of approximately 785 million to 795 million shares. Analysts were expecting Q2 EPS of ($0.01).

Draw Something 2 will be launching tonight and Zynga has high hopes for it. It's been live in limited markets for a few weeks.

Zynga CEO Mark Pincus says 2013 will continue to be a "transition year."