Zynga Down 9% After Missing Earnings Estimates

Shares of Zynga (NASDAQ: ZNGA) are down nearly 9% after the company missed earnings estimates yesterday.

Full year 2011 record bookings of $1.16 billion, up 38% year-over-year, and revenue of $1.14 billion, up 91% year-over-year Full year 2011 adjusted EBITDA of $303.3 million Full year 2011 non-GAAP EPS of $0.24 and GAAP EPS of ($1.40) Q4 record bookings of $306.5 million, up 26% year-over-year and up 7% from the prior quarter Q4 adjusted EBITDA of $67.8 million, down 34% year-over-year Q4 non-GAAP EPS of $0.05

Founder and CEO Mark Pincus said, “2011 was another milestone year for Zynga's mission of connecting the world through games. We are seeing social games and more broadly play become one of the most popular pastimes on web and mobile. Zynga set new records in the year in terms of audience size, revenues and bookings. We saw great momentum in mobile and advertising and ended the year with a strong pipeline of new games. We are excited about the opportunities in front of us to continue delighting our current players and to bring play to millions of new people.”