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Unity Software GAAP EPS of -$0.75 misses by $0.08, revenue of $460.38M beats by $26.86M
Unity Software press release : Q1 GAAP EPS of -$0.75 misses by $0.08. Revenue of $460.38M beats by $26.86M. Revenue in our strategic portfolio was $426 million, up 2% year-over-year. This compares to guidance of $415 to $420 million in revenue for our strategic portfolio. Adjusted EBITDA for the quarter was $79 million compared to our Adjusted EBITDA of $29 million in the same quarter last year, an improvement of $50 million year-over-year, enabled by the portfolio and cost actions that we executed. Q2 Outlook: For the second quarter, we are guiding strategic revenue to $420 to $425 vs. consensus of $443.22M, down -6% to -7% year-over-year. We are guiding Adjusted EBITDA to $75 to $80 million for the total company. 2024 Outlook: For the full year, we are confirming our strategic revenue guidance of $1,760 to $1,800 million vs. consensus of $1.81B, which would represent an increase of 2% to 4% year-over-year and $400 to $425 million in Adjusted EBITDA for the total company. We exp
Unity Software GAAP EPS of -$0.75 misses by $0.08, revenue of $460.38M beats by $26.86MDisclaimer: 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.