Unity Software Dips Following Mixed Q1 2024 Results as New CEO Prepares to Step in

3
Comment
Favorite

Unity Software Dips Following Mixed Q1 2024 Results as New CEO Prepares to Step in

Seeking Alpha05-10

Unity Software (NYSE:U) slipped during early post-market trading Thursday after it released mixed first-quarter 2024 financial results less than a week before a new CEO is set to take over the game ...

Source Link

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.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2434026886?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-10 06:42","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2434026886","market":"us","top_or_hot":-1,"title":"Unity Software Dips Following Mixed Q1 2024 Results as New CEO Prepares to Step in","media":"Seeking Alpha","content":"<div>\n<p>Unity Software (NYSE:U) slipped during early post-market trading Thursday after it released mixed first-quarter 2024 financial results less than a week before a new CEO is set to take over the game ...</p>\n\n<a href=\"https://seekingalpha.com/news/4104166-unity-software\">Source Link</a>\n\n</div>\n","source":"seekingalpha","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 Dips Following Mixed Q1 2024 Results as New CEO Prepares to Step in</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 Dips Following Mixed Q1 2024 Results as New CEO Prepares to Step in\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-10 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4104166-unity-software><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Unity Software (NYSE:U) slipped during early post-market trading Thursday after it released mixed first-quarter 2024 financial results less than a week before a new CEO is set to take over the game ...</p>\n\n<a href=\"https://seekingalpha.com/news/4104166-unity-software\">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":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://seekingalpha.com/news/4104166-unity-software","article_id":"2434026886","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2434026886","pubTimestamp":1715294574,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Unity Software (NYSE:U) slipped during early post-market trading Thursday after it released mixed first-quarter 2024 financial results less than a week before a new CEO is set to take over the game de","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4571":"数字音乐概念","LU0109392836.USD":"富兰克林科技股A","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","BK4507":"流媒体概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4576":"AR","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4566":"资本集团","BK4575":"芯片概念","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0444971666.USD":"天利全球科技基金","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","BK4559":"巴菲特持仓","BK4501":"段永平概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4550":"红杉资本持仓","BK4579":"人工智能","BK4588":"碎股","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4574":"无人驾驶","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","BK4573":"虚拟现实","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0238689110.USD":"贝莱德环球动力股票基金","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU0072462426.USD":"贝莱德全球配置 A2","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4592":"伊斯兰概念","LU0056508442.USD":"贝莱德世界科技基金A2","BK4170":"电脑硬件、储存设备及电脑周边","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4023":"应用软件","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4515":"5G概念"},"translate_title":"Q1 2024业绩喜忧参半，Unity Software股价下跌，新任首席执行官准备入主白宫","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Unity Software (NYSE:U) slipped during early post-market trading Thursday after it released mixed first-quarter 2024 financial results less than a week before a new CEO is set to take over the game development software company.First-quarter 2024 revenue totaled $460M, which was more than the consensus estimate of $433.5 million. However, the San Francisco, Calif.-based company was expected to beat market consensus for first-quarter results due to low expectations.GAAP earnings per share came in at a loss of $0.75 each, which was a larger loss than the consensus calling for a $0.67 loss per share.GAAP net loss for the quarter was $291M. The net loss included $212M of restructuring costs and a $61M gain related to Unity's convertible note repurchase.\"We closed the first quarter with results in line with expectations,\" said Unity interim CEO Jim Whitehurst. \"The portfolio and cost reset that we started a few months ago is completed. While we will always look for efficiencies, our attention turns to accelerating revenue growth while operating at attractive profit and cash flow margins.\"Looking ahead, Unity expects second quarter revenue ranging from $420M to $425M, which would be a decline of 6% to 7% year over year.Unity is anticipating Create revenue growth in the second half to come mainly from game subscriptions, continued growth in Industries and growth in multiplayer.Unity development software allows users to create 2D and 3D games across multiple platforms.\"Key mixed reality games are being made with Unity such as Demeo Battles and Angry Birds VR: Isle of Pigs by Resolution Games and Arcade Paradise VR by Nosebleed Interactive,\" Whitehurst added. \"In addition, 50% of the Week One Must Play Apple Arcade Games for Apple Vision Pro (AAPL) were made with Unity.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}