Unity Software Stock Drops As Mobile-Ad Recovery Not Expected in 2023

Dow Jones2023-02-23

Unity Software Inc. shares fell in the extended session Wednesday after the game-engine and app-monetization company's outlook fell short of Wall Street estimates on a weak mobile-ad market.

Unity Software (U) shares fell 8% after hours, following a 3.8% rise in the regular session to close at $37.85.

Unity forecast revenue of $470 million to $480 million for the first quarter, and revenue of $2.05 billion to $2.2 billion for the year. Analysts surveyed by FactSet had estimated revenue of $520.5 million for the first quarter, and revenue of $2.21 billion for the year.

"While we are not forecasting a recovery in the in-game ads market in 2023, we believe it is possible when the economy improves," the company told shareholders in a letter.

The company reported a fourth-quarter loss of $275.1 million, or 82 cents a share, compared with $162.1 million, or 56 cents a share, in the year-ago period.

Revenue rose to $451 million from $315.9 million in the year-ago quarter.

Analysts had forecast adjusted earnings of a penny a share on revenue of $439.9 million.

Earlier in the month, shares had rallied alongside those of AppLovin Corp. $(APP)$, which topped Wall Street estimates and said that the mobile-ad market was "remaining relatively stable."

Earlier In February, AppLovin's stock soars more than 30% as Wall Street sees a bottom for mobile-ad market

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Bodoh
2023-02-23
Bodoh
Ok

Leave a comment

53

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2313707200?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-02-23 08:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2313707200","market":"us","top_or_hot":-1,"title":"Unity Software Stock Drops As Mobile-Ad Recovery Not Expected in 2023","media":"Dow Jones","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/U\">Unity Software Inc.</a> shares fell in the extended session Wednesday after the game-engine and app-monetization company&#39;s outlook fell short of Wall Street estimates on a weak mobile-ad market.</p><p>Unity Software (U)  shares fell 8% after hours, following a 3.8% rise in the regular session to close at $37.85.</p><p>Unity forecast revenue of $470 million to $480 million for the first quarter, and revenue of $2.05 billion to $2.2 billion for the year. Analysts surveyed by FactSet had estimated revenue of $520.5 million for the first quarter, and revenue of $2.21 billion for the year.</p><p>&#34;While we are not forecasting a recovery in the in-game ads market in 2023, we believe it is possible when the economy improves,&#34; the company told shareholders in a letter.</p><p>The company reported a fourth-quarter loss of $275.1 million, or 82 cents a share, compared with $162.1 million, or 56 cents a share, in the year-ago period.</p><p>Revenue rose to $451 million from $315.9 million in the year-ago quarter.</p><p>Analysts had forecast adjusted earnings of a penny a share on revenue of $439.9 million.</p><p>Earlier in the month, shares had rallied alongside those of AppLovin Corp. <a href=\"https://laohu8.com/S/APP\">$(APP)$</a>, which topped Wall Street estimates and said that the mobile-ad market was &#34;remaining relatively stable.&#34;</p><p>Earlier In February, AppLovin&#39;s stock soars more than 30% as Wall Street sees a bottom for mobile-ad market</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Unity Software Stock Drops As Mobile-Ad Recovery Not Expected in 2023</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnity Software Stock Drops As Mobile-Ad Recovery Not Expected in 2023\n</h2>\n\n<h4 class=\"meta\">\n\n2023-02-23 08:09 北京时间&nbsp;&nbsp;&nbsp;<strong>Dow Jones</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Unity Software Inc. shares fell in the extended session Wednesday after the game-engine and app-monetization company's outlook fell short of Wall Street estimates on a weak mobile-ad market.Unity ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"2313707200","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2313707200","pubTimestamp":1677110974,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Unity Software Inc. shares fell in the extended session Wednesday after the game-engine and app-mone","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Unity Software股价下跌，预计2023年不会出现移动广告复苏","themeId":"768868217a8a42b8834d60b34fc824ad","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Unity Software Inc. shares fell in the extended session Wednesday after the game-engine and app-monetization company's outlook fell short of Wall Street estimates on a weak mobile-ad market.Unity Software (U)  shares fell 8% after hours, following a 3.8% rise in the regular session to close at $37.85.Unity forecast revenue of $470 million to $480 million for the first quarter, and revenue of $2.05 billion to $2.2 billion for the year. Analysts surveyed by FactSet had estimated revenue of $520.5 million for the first quarter, and revenue of $2.21 billion for the year.\"While we are not forecasting a recovery in the in-game ads market in 2023, we believe it is possible when the economy improves,\" the company told shareholders in a letter.The company reported a fourth-quarter loss of $275.1 million, or 82 cents a share, compared with $162.1 million, or 56 cents a share, in the year-ago period.Revenue rose to $451 million from $315.9 million in the year-ago quarter.Analysts had forecast adjusted earnings of a penny a share on revenue of $439.9 million.Earlier in the month, shares had rallied alongside those of AppLovin Corp. $(APP)$, which topped Wall Street estimates and said that the mobile-ad market was \"remaining relatively stable.\"Earlier In February, AppLovin's stock soars more than 30% as Wall Street sees a bottom for mobile-ad market","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9957121897,"gmtCreate":1677111749719,"gmtModify":1677111752672,"author":{"id":"3559859558754319","authorId":"3559859558754319","name":"Bodoh","avatar":"https://static.tigerbbs.com/349218ea2852130ca86ce660b4aa2d59","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957121897","repostId":2313707200,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":53,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2313707200"}