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Zynga Loses $226 Million, Plans to Close Studio in China

Social game developer's latest financial report filled with grim news and anemic growth.

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Zynga, the makers of Farmville and one of the world’s largest mobile and social game developers, announced on Thursday that it lost nearly $225 million in 2014.

Total GAAP revenue for the full calendar year also fell 21 percent, down to $690 million. The company expects its losses will continue into 2015, with a loss of about $56 million during the January to March period. 

Despite the grim news, Zynga’s chief executive Don Mattrick focused on the positives, stating that "monthly mobile customers [are] up 87 percent year over year.”

The company expects to launch between six and ten new games in 2015.

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