Social gaming company Zynga topped their sales expectations with shares up more than 15 percent, in a report released Thursday.
Zynga, known for popular games such as Farmville, Castleville and other -Ville games, had reported sales at $317 million for the quarter, a 3 percent increase from a year ago.
Zynga had a net loss of $52 million, excluding compensation costs.
The gaming company will partner up with online gambling company Bwin.party, which could create a different type of revenue for Zynga.
The earnings reports comes a day after Zynga laid off 5 percent of its employees and said it would get get rid of 13 games.
Zynga CEO Mark Pincus said the company has been faced with difficulties with earnings, but is counting on the success of the company’s newest “breakthrough” web game, Farmville 2.
This past year, the company has lost more than three-quarters of its market value, but is planning to repurchase $200 million worth of its shares.
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