Particle.news
Download on the App Store
5 ARTICLES
·
last wk.

Unity Shares Surge 18% on Q3 Beat and Upbeat Guidance

Management credited subscription growth, the ad network and Unity Vector AI for the outperformance.

Image
Image

Overview

  • Revenue rose 5.4% year over year to $471 million, topping the company’s prior guidance of $440 million to $450 million.
  • Adjusted earnings came in at $0.20 per share versus a $0.17 consensus estimate, with Adjusted EBITDA beating internal targets.
  • GAAP net loss widened slightly to $127 million from $125 million a year earlier, underscoring continued GAAP unprofitability.
  • Unity guided to $480 million to $490 million in revenue and $110 million to $115 million in adjusted EBITDA for the next period.
  • Shares closed at $42.36 after jumping 18.09% following the report, while some coverage paired the results with promotional stock commentary unrelated to Unity’s disclosures.