NYSE:U - New York Stock Exchange, Inc. - US91332U1016 - Common Stock - Currency: USD
Intrigued by the market activity one hour before the close of the markets on Thursday? Uncover the key winners and losers of today's session in our insightful analysis.
Looking for insights into the US markets in the middle of the day on Thursday? Delve into the top gainers and losers of today's session and gain valuable market intelligence.
Analyst upgraded Unity Software Inc after surpassing earnings expectations and showing potential for recovery, but challenges in game development and competition with AppLovin remain concerns.
AppLovin stock has whipsawed in the past week, surging on quarterly earnings then tumbling on a negative report and rising competition.
Mentions: APP
Rivian downgraded, Unity upgraded: Wall Street's top analyst calls
Shares of game engine maker Unity (NYSE:U) jumped 25.3% in the afternoon session after the company reported impressive fourth-quarter earnings, which blew past analysts' revenue, EPS, and EBITDA expectations. However, revenue declined 25% year-on-year due to a portfolio reset (to focus on its core operations), with Create Solutions revenue plunging 47% and Grow Solutions revenue slipping 5%. Looking ahead, its revenue and EBITDA guidance for the next quarter fell well short of Wall Street's estimates. Still, this was a decent quarter, masked by the short-term impact of some business updates, including the new pricing model announced in 2024.
CEO Matt Bromberg said fourth-quarter results meaningfully exceeded expectations on both revenue and profit, underscoring the company’s progress “in building a new Unity.”
Game engine maker Unity (NYSE:U) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 25% year on year to $457.1 million. On the other hand, next quarter’s revenue guidance of $410 million was less impressive, coming in 5.6% below analysts’ estimates. Its GAAP loss of $0.30 per share was 18.6% above analysts’ consensus estimates.
Game engine maker Unity (NYSE:U) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 25% year on year to $457.1 million. On the other hand, next quarter’s revenue guidance of $410 million was less impressive, coming in 5.6% below analysts’ estimates. Its GAAP loss of $0.30 per share was 18.6% above analysts’ consensus estimates.
The partnership aims to seamlessly integrate Unity’s technology into Toyota’s HMI development pipeline and improve efficiency across all design and engineering stages.
What a time it’s been for Unity. In the past six months alone, the company’s stock price has increased by a massive 49.1%, reaching $21.25 per share. This performance may have investors wondering how to approach the situation.