Zynga stock price up 23% after-hours even while the publisher continues to leak monthly active users

Zynga is doing better than Wall Street expected.

The FarmVille and Words With Friends publisher revealed that it generated $176 million in revenue in the fourth quarter of 2013. That’s down 43 percent from 2012, but it’s better than what Wall Street thought the social-gaming company would report — even if the publisher’s losing players as people move from Facebook to mobile. Zynga lost 3 cents per share during the quarter, which is better than a loss of 4 cents that analysts were anticipating.