"Unity Software Inc Faces Stock Slump and Weak Guidance Amid Q4 Results"
TL;DR Summary
Unity Software Inc reported mixed Q4 results, with a 35% increase in revenue to $609 million, driven by a one-time transaction. The company's strategic reset focuses on core businesses and aims to reduce annualized non-GAAP operating expenses by approximately $250 million. Unity anticipates revenue growth acceleration in the second half of 2024 and aims for Adjusted EBITDA margins over 25% by year-end. Despite the mixed results, the company remains optimistic about its future in the gaming and real-time 3D markets.
Topics:business#adjusted-ebitda#finance#q4-results#revenue-growth#strategic-reset#unity-software-inc
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