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Is Unity Software Stock a Buy Now?
UUnity Software(U) The Motley Fool·2024-03-03 12:50

Unity Software (U -1.40%) posted its fourth-quarter earnings report on Feb. 26. The gaming software developer's revenue rose 35% year over year to $451 million, which exceeded analysts' expectations by $56 million. However, that figure was significantly inflated by its shutdown of Weta Digital, which resulted in the release of its deferred revenue during the quarter, as well as inorganic gains from its merger with the ad tech company ironSource last November.Excluding those two factors, Unity's revenue fell ...