Investment Rating - The report maintains a "Buy" rating for Unity (U.US) with a target price adjusted to $20, reflecting a potential upside of 29% from the current price of $15.54 [3][5]. Core Insights - Unity's Q2 2024 revenue reached $449 million, aligning with expectations, while strategic segment revenue was $426 million, and adjusted EBITDA was $113 million, both exceeding prior guidance. However, the company has lowered its full-year guidance for 2024 due to cautious outlook on the recovery of its Grow business and increased investments [2][3]. - The Create Solutions segment showed stable growth with Q2 revenue of $129 million, a 4% year-over-year increase, driven by a 14% rise in subscription revenue. The upcoming release of Unity 6 is anticipated to be a growth driver for the company [2][3]. - The Grow Solutions segment continues to face challenges, with Q2 revenue of $296 million, a 9% year-over-year decline. The company is enhancing its advertising technology capabilities and has appointed a new Chief Product Officer to revitalize its advertising business [2][3]. Financial Summary - For FY 2024, Unity's projected revenue is $1.763 billion, down from previous guidance of $1.760-$1.800 billion, reflecting a year-over-year decline of 2%-3%. Adjusted EBITDA is expected to be between $340 million and $350 million, down from earlier estimates of $400 million to $425 million [3][4]. - The forecasted financial metrics include a revenue increase from $1.391 billion in FY 2022 to $1.763 billion in FY 2024, with adjusted EBITDA improving from a loss of $71 million in FY 2022 to a projected $405 million in FY 2025 [4][8]. - The report highlights a significant decline in net profit projections, with expected losses of $737 million in FY 2024 and $474 million in FY 2025, indicating ongoing challenges in profitability [8][9].

Since going public, the stock is down 80%. In this video, I will talk about Unity Software's (U 3.09%) second-quarter earnings report. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Aug. 8, 2024. The video was published on Aug. 8, 2024. ...

Unity Software Inc. (U) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 27.27%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.15, delivering a surprise of 200%. Over the last four quarters, the company has ...

Unity Software Inc. (NYSE:U) Q2 2024 Earnings Call Transcript August 8, 2024 5:00 PM ET Company Participants Daniel Amir - VP and Head of IR Matt Bromberg - CEO Luis Visoso - CFO Conference Call Participants Clark Lampen - BTIG Matt Cost - Morgan Stanley Ross Sandler - Barclays Gili Naftalovich - Goldman Sachs Dylan Becker - William Blair Parker Lane - Stifel Josh Tilton - Wolfe Daniel Amir Welcome to Unity's Second Quarter 2024 Earnings Call. My name is Daniel Amir, VP and Head of Investor Relations. After ...

The investment community will be closely monitoring the performance of Unity Software Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on August 8, 2024. The company's earnings per share (EPS) are projected to be -$0.44, reflecting a 728.57% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $433.43 million, indicating a 18.76% decrease compared to the same quarter of the previous year. Research indicates tha ...

The growth potential and better valuation are there. But can the software company make improvements to the bottom line? In 2021, the metaverse was creating the loudest buzz in the investing world, and Unity Software (U -0.98%) was seen as a key architect of that future. The stock soared past $200 per share because management said it expected to grow revenue at a compound annual growth rate of at least 30% for the foreseeable future. What Unity has in its favor In the first quarter of 2024, Unity's revenue d ...

Company Performance - Unity Software Inc. is projected to report earnings of -$1.81 per share and revenue of $1.83 billion for the full year, reflecting changes of -541.46% and -16.21% from the prior year [1] - The stock price of Unity Software Inc. ended at $16.21, showing a -0.98% change from the previous day's closing price, which underperformed compared to the S&P 500's loss of 0.71% [3] - The stock has increased by 5.41% over the past month, contrasting with the Computer and Technology sector's decline of 3.88% and the S&P 500's gain of 1.08% [5] Analyst Estimates - The upcoming earnings report for Unity Software Inc. is scheduled for August 8, 2024, with an anticipated EPS of -$0.44, indicating a 728.57% decline compared to the same quarter last year, and a revenue forecast of $433.43 million, representing an 18.76% decrease [9] - Recent changes to analyst estimates for Unity Software Inc. reflect evolving short-term business trends, with positive revisions indicating analyst optimism regarding the company's business and profitability [7] Industry Context - The Internet - Software industry, which includes Unity Software Inc., currently holds a Zacks Industry Rank of 91, placing it in the top 37% of over 250 industries [10]

The video game engine developer is buckling under the weight of years of bad decisions. Unity (U -2.31%) should be in an enviable position. The company's game engine is wildly popular, powering a long list of high-profile and niche games. Unity and Unreal Engine from Epic Games are often the two choices game developers seriously consider for their next game. A string of bad decisions Unfortunately, Unity has made a series of missteps. The company paid $4.4 billion in 2022 for ironSource, an app monetization ...

Unity shares have never been lower and there may be nothing but upside ahead. Shares of Unity (U 0.37%) have cratered after weak financial results and a botched change to the company's pricing model. But is this an opportunity for investors? Travis Hoium covers the company's latest results and potential upside in the video below. *Stock prices used were end-of-day prices of June 14, 2024. The video was published on June 16, 2024. ...

Coming into today, shares of the company had lost 24.32% in the past month. In that same time, the Computer and Technology sector lost 3.05%, while the S&P 500 gained 3.71%. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Unity Software Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. The Zacks R ...