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Unity Software Inc

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finance2 years ago•3 min saved

"Unity Software Inc Faces Stock Slump and Weak Guidance Amid Q4 Results"

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.

via Yahoo Finance|

#adjusted-ebitda #finance #q4-results

finance2 years ago•1 min saved

"Unity's Stock Plummets on Disappointing Earnings and Forecast"

Unity Software Inc. shares plummeted by over 17% in late trading after the company reported lower-than-expected results and forecasts, including a fiscal first-quarter revenue forecast of $415 million to $420 million, well below the FactSet consensus of $534 million, and a full-year revenue forecast of $1.7 billion to $1.8 billion, compared to analysts' expectations of $2.3 billion. The company also reported a fiscal fourth-quarter net loss of $254 million, or 66 cents a share, and outlined a two-phase company reset to reignite revenue growth.

via MarketWatch|

#company-reset #earnings #finance