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Zynga reports quarterly increase in sales

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Zynga announced it reached $329 million in sales for the recent quarter, a 15% increase over this time last year.

The news exceeds the expectations of analyst Thomson Reuters, who figured Zynga would only push $317 million. Zynga's monthly active user numbers are also up to 65 million, a 6% rise.

Last fiscal year Zynga experienced a $404 million net loss. The company recently acquired Draw Something developer OMGPOP.

"This game dramatically increases the size of our mobile network," said Zynga CEO Mark Pincus.

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[CNN Money]

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Stephanie Carmichael Twitter: @wita
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