Zynga Live Blog: Q4 Earnings Conference Call

Zynga Inc ZNGA reported earnings on Thursday afternoon. Read on for Benzinga's live blog of the company's Q4 conference call -- and don't forget to refresh for frequent updates!

The call starts at 5:00pm ET, but updates are already rolling in via Benzinga Pro.

• 05:29:01pm: COO Clive Downie admitted that NFL Showdown was rushed to arrive in time for the NFL season. Believes improvements have turned things around.

• 05:27:49pm: Teams are focused on developing games. Mentioned new Looney Tunes game, which was downloaded more than 30 million times.

• 05:24:34pm: New Words With Friends was delayed; as a result, added a number of key features requested by players. The new features had a positive impact on player retention

• 05:23:34pm: Zynga poker game faced challenges, missed mark on expectations.

• 05:21:51pm: Said mobile games are expected to exceed other forms in 2016.

• 05:19:10pm: First half of 2015 will continue to focus on longer testing. Learned a number of tests in 2014. Will test new products with as many consumers and platforms as possible before launch.

• 05:17:40pm: Developing Empires and Allies game, due later this year (action strategy genre). Game is being tested in Australia, New Zealand, other markets. Also announced NaturalMotion's next game, Dawn of Titans.

• 05:15:01pm: Plan to launch new games in Match Three and Action Strategy categories. The former will feature FarmVille brand. Due later this year.

• 05:13:20pm: Zynga wants to end 2015 with more than 75 percent of Q4 bookings coming from mobile.

• 05:12:32pm: Over the next year, Zynga focuses on driving mobile growth, launching more products in evergreen categories and building upon its social legacy .

• 05:10:17pm:. Mattrick admitted Zynga had problems in 2014, including its sports brands. Moved too quickly to release new games.

• 05:08:45pm: Fully integrated NaturalMotion IP, team within Zynga.

• 05:08:02pm: Mattrick: key highlights: became a leading mobile game company, achieving record results across mobile booking. Q4 mobile audience is up 80 percent year-over-year.

• 05:06:30pm: CEO Don Mattrick: In terms of creating new hits, company built new capabilities to go after new content categories.

• 05:01:23pm: Zynga's call has begun.

• 04:57:42pm: Zynga's call is about to begin.

• 04:46:30pm: Shares are down more than 10 percent.

• 04:40:20pm: Zynga has recovered slightly and is now down 9.77 percent.

• 04:35:15pm: Twitter is mostly filled with links about the company's earnings and subsequent decline, but those who have commented were not impressed.

• 04:29:40pm: Zynga shares are down more than 12 percent in after hours trading.
• 04:05:07pm: Q4 monthly active users (MAUs) arrived at 108 million.
• 04:03:47pm: Zynga guides Q1 sales at $155M-$165M versus an estimate of $200.9M. The company expects its loss to fall within the range of $60 million to $52 million.
• 04:03:28pm: Zynga's Q4 EPS came in at $0.00 -- on par with analyst estimates of $0.00. Sales were at $192.5M vs. Wall Street's estimate of $201.11M.

Image credit: Joop

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.