"We started off 2022 with a strong quarterly performance, achieving our highest ever Q1 advertising revenue and bookings led by our hyper-casual portfolio," said CEO of Zynga Frank Gibeau. "Through continued execution across all aspects of our multi-year growth strategy including live services, new game development and investments in our advertising platform, new markets and technologies, we are strengthening our position as a leading mobile-first, free-to-play live services company." Engagement during the quarter was up, with the company's 40 million monthly active users representing an increase of 3% year-over-year. Zynga's report went on to say that the company posted losses of $25 million, whereas during this period last year it saw a net loss of $23 million. In addition, the company's financial reports noted that it didn't host a conference call, as a result of it being acquired by Take-Two Interactive for $12.7 billion.