Happy for Unity! $Unity Softwa-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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MK27
2022-02-04

Happy for Unity! $Unity Software Inc.(U)$

Unity Software Stock Rallies 14% as Earnings, Revenue Top Estimates

Unity Software Inc. shares surged in the extended session Thursday after the gaming-engine company's

Unity Software Stock Rallies 14% as Earnings, Revenue Top Estimates

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Tris87
·2022-02-04
Looking forward to read quarter report
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The adjusted loss, which excludes stock-based compensation expenses and other items, was 5 cents a share, compared with a loss of 10 cents a share in the year-ago period.</p><p>Revenue rose to $315.9 million from $220.3 million in the year-ago quarter.</p><p>Analysts surveyed by FactSet had forecast a loss of 7 cents a share on revenue of $295.5 million, based on Unity&#39;s forecast of $285 million to $290 million in revenue.</p><p>For the year, Unity reported revenue of $1.11 billion, up from $772.4 million in the previous year. Analysts had forecast full-year revenue of $1.09 billion, after Unity raised its revenue outlook for 2021 again to between $1.08 billion and $1.09 billion for the year, following another hike in August.</p><p>&#34;We believe that the transition from linear 2D to interactive real-time 3D, presents a massive growth opportunity for the next decades,&#34; Unity Chief Executive John Riccitiello said in a statement. &#34;These are strong tailwinds that help us drive growth for years to come.&#34;</p><p>Unity forecast first-quarter revenue of $315 million to $320 million, and full-year revenue between $1.49 billion and $1.51 billion for the year.</p><p>Analysts estimate a loss of 6 cents a share on revenue of $317.5 million for the first quarter, and a loss of 14 cents a share on revenue of $1.43 billion for the year.</p><p>&#34;We are encouraged by our performance in 2021 with strong results across Create and Operate Solutions,&#34; said Luis Visoso, Unity&#39;s chief financial officer, in a statement. &#34;The business momentum coupled with the quality of our innovation plans gives us confidence to guide to a revenue growth range of 34% to 36% in 2022 as we continue to improve margins.&#34;</p><p>Last earnings season, the company&#39;s quarterly report was eclipsed by the announcement it would buy Peter Jackson&#39;s Weta Digital for $1.6 billion.</p></body></html>","source":"lsy1597825489050","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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The adjusted loss, which excludes stock-based compensation expenses and other items, was 5 cents a share, compared with a loss of 10 cents a share in the year-ago period.Revenue rose to $315.9 million from $220.3 million in the year-ago quarter.Analysts surveyed by FactSet had forecast a loss of 7 cents a share on revenue of $295.5 million, based on Unity's forecast of $285 million to $290 million in revenue.For the year, Unity reported revenue of $1.11 billion, up from $772.4 million in the previous year. 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