Zynga Player Numbers Continue to Fall, as CFO Resigns

Zynga chief financial officer David Lee is resigning from the social gaming company. His resignation from the FarmVille studio is effective immediately, though he will not officially depart the company until December 11, Zynga announced on Tuesday as part of its latest earnings report.

Chief accounting officer Michelle Quejado is taking over for Lee as Zynga launches a search for a permanent replacement.

"I want to thank David for the leadership and commitment he has shown Zynga," Zynga CEO and founder Mark Pincus said in a statement. For his part, Lee said, "I believe Zynga is in a much stronger position today than it was when I joined the company, and I want to thank Mark for his partnership."

Quejado is a newcomer at Zynga, having joined the company in March 2015 as its vice president of finance and corporate controller. In June, she was appointed to the role of chief accounting officer.

Before joining Zynga, Quejado worked at semiconductor company Lam Research Corporation from 1999-2015 as its assistant corporate controller. Earlier in her career, Quejado was an auditor for the United States Department of Defense.

In terms of financials, Zynga posted a profit of $4 million for the quarter ended September 30, compared to an $8 million loss during the same quarter last year. Revenue, which Zynga reports as bookings, reached $176 million during the quarter. That's flat year-over-year, but above the company's outlook of $150-$170 million.

However, it wasn't all good news for Zynga, as daily active users fell 21 percent to 19 million, while monthly active users dropped by 27 percent, falling to 75 million during the quarter. Check out some more highlights from Zynga's latest reporting period in the slide below.

Zynga has also announced that upcoming games Dawn of Titans and CSR2 have been delayed to 2016.

This is the first Zynga earnings report since the implementation of the company's cost reduction plan in May. This move, which resulted in more than 350 job losses, is estimated to have saved Zynga around $100 million.