The company also announced that it would restructure specific departments and teams, with layoffs helping it position itself for long-term and profitable growth. Unity reported a net loss of $254 million, or 67 cents per share, for the quarter. The company expects to report $510 - $520 million in Q2 revenue, topping estimates of $509 million. Get the latest Unity Software Inc (U) real-time quote, historical performance, charts, and other financial information to help you make more informed. For the quarter, revenue was $500 million, up 56% year over year. The company announced Q1 earnings on May 10th and reported a beat on revenue. We use our internally-built news screening methodology to estimate the value of Unity Software based on different types of headlines from major news. Over the years, Unity has expanded its offerings to include desktop, mobile, tablets, consoles, 3-D, web-based, and virtual reality platforms. Unity was one of the first developers to fully support the iPhone operating system, making it a go-to choice for game developers. Unity is a game development platform that allows users to create and build interactive 2-D and 3-D environments for gaming and other applications. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. While the announcement sent Unity stock soaring, it had the opposite effect on Apple’s share price, with the tech giant pairing back earlier gains in the session and closing the day in the red. At Unity Technologies, we promise to treat your data with respect and will not share your information with any third party. The announcement came during Apple’s Worldwide Developers Conference (WWDC) on Monday, where Apple unveiled a new major product for the first time in almost a decade, the Vision Pro. Whats Going On With Unity Software Stock - Unity Software (NYSE:U) - Benzinga Whats Going On With Unity Software Stock by Ryan Gustafson, Benzinga Staff Writer June 14, 2023.
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