Revenue increased to $1.1 billion from $813.3 million in the year-ago quarter, while bookings came in at $1 billion compared with $711.4 million in the year-ago period.

Analysts expected Take-Two to report first-quarter unadjusted earnings of 84 cents a share, adjusted earnings of 87 cents a share, revenue of $1.21 billion and bookings of $1.1 billion. Take-Two does not provide adjusted earnings information, instead providing some financial information that can be used to calculate that number.

For the first quarter, Take-Two had forecast unadjusted earnings of 80 cents to 90 cents a share, revenue of $810 million to $860 million, and bookings of $700 million to $750 million, prior to the close of its acquisition of Zynga.

Shares fell 7% in after-hours trading immediately following the release of the results, after closing down 1.3% at $125.51.

“We remain exceedingly optimistic about the long-term growth potential for the mobile industry, as well as our ability to create greater shareholder value as a combined entity with Zynga,” said Strauss Zelnick, Take-Two’s chief executive, in a statement. “Our creative teams are actively discussing potential new projects and we remain committed to delivering over $500 million of annual net bookings opportunities over time.”

The company revised its outlook to include Zynga. For the second quarter, Take-Two said it expects a loss of 96 cents to 86 cents a share on revenue of $1.37 billion to $1.42 billion. Analysts had estimated earnings of $1.50 a share on revenue of $1.73 billion.

For the year, Take-Two said it expects a loss of $2.75 to $2.50 a share on revenue of $5.73 billion to $5.83 billion. Analysts estimate earnings of $5.37 a share on revenue of $6.22 billion.