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Unity Software reports Q4 revenue down 25%, but stock surges 30% after beating loss expectations.
Unity Software reported a 25% drop in Q4 revenue to $457 million but beat analyst expectations with a narrower loss of $0.30 per share.
Despite challenges, including a 47% slump in Create Solutions revenue, the company saw a 15% rise in subscription revenue and increased revenue from non-gaming sectors.
Unity plans to launch its AI platform, Unity Vector, to improve ad performance.
The stock surged 30% after the report, with analysts upgrading their ratings and targets.
The company's market cap stands at $11 billion, with strong cash reserves of $1.5 billion supporting its turnaround efforts.
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Unity Software informa que los ingresos del Q4 bajaron un 25%, pero las acciones aumentan un 30% después de superar las expectativas de pérdida.