To The Moon

$Unity Software Inc.(U)$ experienced a more than 12% drop in after-hours trading, after its Q3 earnings.

The company reported revenue of $544.2 million, which was lower than the expected $549.8 million, and a loss of 32 cents per share, compared to a loss of $1.49 per share in the same period last year.

The company also declined to provide guidance. Last month, the CEO John retired, and James was appointed as interim CEO. However, since he has just taken over, he may not have had time to specify the details to recover the loss of existing customers caused by the previous management's "price increase" operation.

Although the new fee policy has made some adjustments in details, developers still complain, which has put pressure on Create's short-term growth. The previously announced Q3 forward-looking indicators have already revealed more short-term pressure.

The company plans to focus on its core business, including artificial intelligence.

The market is disappointed that the new management cannot provide clear performance indicators, which undoubtedly increases the market's doubts about Unity's prospects.

In addition, the management's instability, the new CEO's apparent lack of courage, and the significant reduction in executive holdings before the financial report have also cast a shadow over the stock price.

However, $Apple(AAPL)$ Vision series products next year are also one of the company's biggest expectations.