Unity Shares Surge 18% on Q3 Beat and Upbeat Guidance

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.