Unity Shares Jump 10% After Q3 Beat and Upbeat Outlook on Create and Grow Segments

Core Insights - Unity Software Inc. shares increased over 10% in intra-day trading following the release of stronger-than-expected third-quarter results and positive guidance for the fourth quarter [1] Financial Performance - The company reported earnings per share of $0.20, significantly surpassing expectations of a loss of $0.23 [1] - Revenue for the third quarter rose to $471 million from $447 million year-over-year, exceeding consensus estimates of $453 million [1] Segment Performance - Create Solutions revenue increased to $152 million from $147 million year-over-year [2] - Grow Solutions revenue grew to $318 million from $299 million year-over-year [2] - Adjusted EBITDA was reported at $109 million, reflecting a 23% margin [2] Future Guidance - For the fourth quarter, Unity forecasts revenue between $480 million and $490 million, above Wall Street's expectation of $475 million [3] - The company anticipates mid-single-digit sequential growth in its Grow business and high-single-digit year-over-year growth in Create, excluding non-strategic revenue [3]