Zynga, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenue of $263,589,000 compared to $320,972,000 a year ago. Loss from operations was $4,933,000 compared to $85,578,000 a year ago. Loss before income taxes was $4,633,000 compared to $85,429,000 a year ago. Net income was $4,133,000 or $0.01 basic per share compared to net loss of $85,351,000 or $0.12 basic and diluted per share a year ago. Net cash provided by operating activities was $26,445,000 compared to $78,817,000 a year ago. Acquisition of property and equipment was $4,924,000 compared to $34,994,000 a year ago. Adjusted EBITDA was $28,735,000 compared to $86,752,000 a year ago. Non-GAAP net income was $9,105,000 or $0.01 per share compared to $47,049,000 or $0.06 per share a year ago. Free cash flow was $23,178,000 compared to $43,823,000 a year ago. For the second quarter of 2013, the company expects revenue to be in the rage of $225,000,000 to $235,000,000, net loss to be in the rage of $36,500,000 or $0.05 per share to $26,500,000 or $0.03 per share, interest income of $1,000,000, depreciation and amortization of $32,000,000, adjusted LBITDA to be in the rage of $10,000,000 to $0 and non-GAAP net loss expects to be in the rage of $30,000,000 or $0.04 per share to $22,000,000 or $0.03 per share. For the year 2013, adjusted EBITDA margin (adjusted EBITDA as a percentage of bookings) is projected to be in the range of 0% to 10%.

Baidu, Inc. (NasdaqGS:BIDU) is seeking to acquire Zynga, Inc. (NasdaqGS:ZNGA) at $10 per share, sources reported. Guo Yiguang, Baidu spokesman denied reports on April 22, 2013 and said the report was untrue. Also, the website reporting the news has also deleted the news.

Zynga, Inc. announced the global launch of War of the Fallen, a brand new card battler game that delivers a new level of quality, depth, and accessibility to the popular genre. Now available on the App Store for iPhone, iPad and iPod touch, and coming soon to Android on Google Play, War of the Fallen follows the success of Zynga's Ayakashi: Ghost Guild, a popular card battler game launched in late 2012. Designed with a global audience in mind, War of the Fallen stands apart with rich storytelling. The game starts after a comet, once a prison of ancient evil, crashes into the northern regions of Tyreon, scattering shardstones throughout the land. As a dark power grows, players undertake the role of a Shardbreaker to free ancient gods trapped in shardstones and command the creatures found within against demonic forces. Venturing through War of the Fallen's unique map-based progression system, players encounter a rich cast of characters and each decision they make shapes the storyline in surprising ways. To progress, players build and customize card decks, relying on strategy to compete in player vs. player and player vs. environment combat, earning treasures and new cards along the way. Players can customize their gameplay by utilizing three character factions and more than 150 cards with 100+ unique skills. Strengthening and evolving the cards, while combining the card skills within a player's deck, provides countless game play options. Deck-building choices even have a big impact on the single-player aspect of the game, a rarity among card battlers. War of the Fallen was designed with a streamlined user interface, in-game tutorials, hints and intuitive progression to enhance the game's accessibility.