Zynga to close three recently launched titles as it stems losses

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CityVille 2, The Friend Game and Party Place are to close despite having only launched in the last quarter.

Three other games that launched in the period – CoasterVille, Bubble Safari Ocean and Ayakashi – are to survive.

The news comes as Zynga reports a net loss of $209.4m for its last financial year, vastly improving on the $404.3m loss reported in the year before. Full-year revenue climbed from $1.15bn to $1.28bn.

Q4 revenues were static but far beyond expectation though, reaching $311m. Losses for the quarter hit $48m – a significant improvement on the $435m loss reported in the same period the year before.