Zynga and LinkedIn released their latest earnings reports after closing bell tonight. Zynga broke even on an adjusted basis on GAAP revenue of $182 million. Wall Street had been expecting the game maker to break even on $169.4 million in revenue. In last year’s second quarter, the company reported adjusted losses of 1 cent per share on $174 million in revenue. Zynga management had guided for revenue of $160 million to $170 million.

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LinkedIn posted earnings of $1.13 per share on $933 million in revenue, compared to the consensus estimates of 78 cents per share and $898.3 million for the second quarter. In the year-ago quarter, the social network reported earnings of 55 cents per share and $711.74 million in revenue.

Zynga tumbles after earnings

Zynga posted a GAAP loss of 1 cent per share. Adjusted EBITDA was $11.565 million, while bookings amounted to $174.65 million.

The game maker’s management was expecting a decline in revenue as a result of the company’s continuing decline in revenue from Web-based games, an area it has been struggling in since breaking ties with Facebook. Zynga has been struggling to transition from earning most of its revenue on Web-based games to being a mobile-centric game maker.

The company lost 3 million daily active users during the quarter compared to last year, falling to 18 million. It also lost 2 million mobile daily active users, falling to 17 million. Monthly active users plunged from 83 million in the year-ago quarter to 61 million in this year’s June quarter. Mobile monthly active users also fell from 64 million a year ago to 49 million this year.

For the third quarter, Zynga expects revenue of $170 million to $180 million and a net loss per share of 4 cents to 3 cents. The company expects bookings to be between $180 million and $190 million and adjusted EBITDA to be between $12 million and $16 million. It expects non-GAAP earnings of about 1 cent per share.

Shares of Zynga plunged in after-hours trade, tumbling by as much as 10.1% to $2.67.

LinkedIn’s loss widens

LinkedIn’s GAAP losses was $119 million or 89 cents per share, compared to the 53 cents per share loss recorded in last year’s second quarter. Adjusted EBITDA amounted to $292 million or 31% of revenue.

Marketing Solutions revenue rose 29% to $181 million, with Sponsored Content passing 60% of the segment’s revenue. Premium Subscriptions revenue increased 21% to $155 million as Sales Navigator continued to be the fastest growing part of the segment.

Investors and analysts will no doubt be hoping for an update on the $26 billion buyout offer from Microsoft, but it seems unlikely that any update will be provided on tonight’s earnings call. The social network said before releasing earnings that it wouldn’t be providing guidance tonight.

“In Q2, we demonstrated good momentum with our member and customers, and delivered strong financial results, LinkedIn Chief Executive Jeff Weiner said in a statement. “Continued product innovation drove increased levels of engagement, and strengthened our enterprise offerings. We believe joining forces with Microsoft enables us to further accelerate and scale our ability to deliver value and create economic opportunity for every member of the global workforce.”

Shares of LinkedIn were little changed immediately following tonight’s earnings report. As of this writing, the stock is up 0.12% at $192.25 per share.