He also relinquished his voting control taking his voting power from 70% to 10% and created a single-class share structure. While the move has been portrayed as shareholder friendly, it frees up Mark Pincus to sell his entire stake in the company. He told the New York Times, "the company' doesn't benefit anymore from a multiclass structure." The company's CEO Frank D. Gibeau said during its first quarter earnings call, "Mark will continue to serve on Zynga's Board of Directors as nonexecutive Chairman. We welcome this decision as a significant sign of confidence from Mark in Zynga's future growth prospects." For the quarter, Zynga reported net income of 1 cent. Adjusted earnings were 2 cents a share. Wall Street analysts had been waiting for earnings of 2 cents a share as well. Adjusted revenue at $219.5 million was also higher than the $213.6 million that analysts had expected. Looking ahead the company expects revenue in the range of $218 million.