Earnings

Unity (U) Q3 earnings report 2023

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Jim Whitehurst, CEO of Redhat. 

Adam Jeffery | CNBC

Unity Software shares fell as much as 15% in extended trading on Thursday after the video-game engine maker reported a third-quarter revenue miss and refrained from issuing guidance.

Here’s how the company did:

  • Earnings: Loss of 32 cents per share
  • Revenue: $544.2 million vs. $553.7 million as expected by analysts, according to LSEG, formerly known as Refinitiv

The company’s revenue grew about 69% year over year, mainly thanks to the $2.9 billion acquisition of mobile advertising company ironSource, according to a regulatory filing. The $124.1 million net loss narrowed from $250.0 million in the year-ago quarter.

“Our results in the third…



Source cnbc.com

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