Unity Software Inc. (U)

NYSE: U · IEX Real-Time Price · USD
26.70
-0.29 (-1.07%)
At close: Mar 28, 2024, 4:00 PM
26.73
+0.03 (0.11%)
After-hours: Mar 28, 2024, 7:33 PM EDT
-1.07%
Market Cap 10.48B
Revenue (ttm) 2.19B
Net Income (ttm) -822.01M
Shares Out 380.02M
EPS (ttm) -2.16
PE Ratio n/a
Forward PE 62.11
Dividend n/a
Ex-Dividend Date n/a
Volume 5,161,446
Open 27.15
Previous Close 26.99
Day's Range 26.68 - 27.85
52-Week Range 22.20 - 50.08
Beta 2.44
Analysts Buy
Price Target 34.91 (+30.75%)
Earnings Date May 8, 2024

About U

Unity Software Inc. operates a platform that provides real-time 3D content and experiences. Its platform provides artificial intelligence solutions that support creators in building, running, and growing immersive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company also offers Create Solutions, a set of tools and services used to build, ship, and run real-time 2D and 3D content; and Grow Solutions, which allows customers to grow and engage their user base and monetize th... [Read more]

Sector Technology
IPO Date Sep 18, 2020
Employees 6,784
Stock Exchange NYSE
Ticker Symbol U
Full Company Profile

Financial Performance

In 2023, Unity Software's revenue was $2.19 billion, an increase of 57.25% compared to the previous year's $1.39 billion. Losses were -$822.01 million, -10.75% less than in 2022.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for U stock is "Buy." The 12-month stock price forecast is $34.91, which is an increase of 30.75% from the latest price.

Price Target
$34.91
(30.75% upside)
Analyst Consensus: Buy
Stock Forecasts

News

AUGMENTED WORLD EXPO UNVEILS DEVELOPER WORKSHOP FOCUSED ON APPLE VISION PRO, SPONSORED BY UNITY

Auggie Awards Now Accepting Submissions for Innovation for Apple Vision Pro LONG BEACH, Calif., March 26, 2024 /PRNewswire/ -- This year, there's only one place to get immersed in the entire XR ecosys...

2 days ago - PRNewsWire

2024 Unity Gaming Report Highlights Game Studios' Continued Resilience As They Boldly Stretch Resources Amidst Shifting Market Forces

SAN FRANCISCO--(BUSINESS WIRE)---- $U #developers--Unity (NYSE: U), the world's leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platform...

10 days ago - Business Wire

Unity Partners with Mazda to Transform In-Cabin Car Experience

TOKYO & SAN FRANCISCO--(BUSINESS WIRE)--Unity (NYSE:U), the world's leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platforms, announced...

21 days ago - Business Wire

Unity's stock falls as Wall Street wonders if company's reset is ‘dubious' or a ‘floor'

Unity Software Inc. has hit the reset button, but analysts are split on whether the app-monetization software company now has a brighter future ahead.

4 weeks ago - Market Watch

Unity Software Stock Tumbles. Wall Street Is Split Over Its Reset Plan.

The videogame software provider's financial guidance was weaker than expected.

4 weeks ago - Barrons

Unity Software tumbles as gloomy forecast signals turnaround taking time

Unity Software shares sank 15% in premarket trading on Tuesday after the videogame software provider's 2024 forecasts came in below Wall Street estimates, a sign that its turnaround was taking longer ...

4 weeks ago - Reuters

Unity Software Stock Drops After Games Company Issues Soft Guidance—Monitor This Key Level

Unity Software (U) issued current-quarter guidance well below Wall Street's estimates as the game development company undergoes a portfolio and cost structure reset, sending its shares tumbling over 1...

4 weeks ago - Investopedia

Unity shares sink on weak guidance

Unity shares sink over 15% after missing first-quarter forecast.

4 weeks ago - CNBC

Unity is 'a mess' internally right now, says Jefferies' Brent Thill

Brent Thill, Jefferies tech research analyst, joins 'Closing Bell Overtime' to talk Unity and Workday quarterly results.

4 weeks ago - CNBC Television

Unity's stock crumbles as earnings, forecasts underwhelm

Unity Software Inc. shares were tanking in late trading Monday after the app-monetization company whiffed with its latest results and forecasts.

4 weeks ago - Market Watch

Unity Stock Is Downgraded. Analyst Says Unlikely It's Improving.

Macquarie analyst Tim Nollen downgraded shares to Underperform from Neutral.

6 weeks ago - Barrons

Legato Merger Corp. III Announces Closing of $201,250,000 Initial Public Offering

NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Legato Merger Corp. III (the “Company”) announced that it has consummated its initial public offering of 20,125,000 units (including the full 2,625,000 unit...

6 weeks ago - GlobeNewsWire

Legato Merger Corp. III Announces Pricing of $175,000,000 Initial Public Offering

NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Legato Merger Corp. III (the “Company”) announced today that it priced its initial public offering of 17,500,000 units at $10.00 per unit. The units will be...

7 weeks ago - GlobeNewsWire

Unity's Support for Apple Vision Pro is Now in General Availability — Empowering Developers to Create Apps and Games in visionOS

SAN FRANCISCO--(BUSINESS WIRE)-- #Apple--Unity (NYSE: U), the world's leading platform for creating and growing real-time 3D (RT3D) content, announced today their support for visionOS is now available...

2 months ago - Business Wire

Software Stock At An Intriguing Entry Point

Video game development stock Unity Software (U) would have preferred the calendar hadn't turned to January. The shares are down 19.5% year-to-date, a far cry from December's monthly gain of 38.6%.

2 months ago - Forbes

Videogame Development Platform Maker Unity Software Tumbles on Layoff Plans

Shares of videogame development platform provider Unity Software (U) tumbled 8% Tuesday after saying it plans to lay off about 1,800 employees or 25% of its workforce.

2 months ago - Investopedia

Unity Software lays off 25% of workforce

As part of a "reset," Unity Software announced that it will let go 25% of its workforce. The company is restructuring to ensure long term profitability.

2 months ago - Fox Business

Latest round of Unity layoffs impacts 50 Seattle-area employees

A fresh round of layoffs at gaming giant Unity Technologies has impacted its office in Bellevue, Wash.

2 months ago - GeekWire

Unity Announces Fourth Quarter and Fiscal Year 2023 Financial Results Webcast

SAN FRANCISCO--(BUSINESS WIRE)--Unity (NYSE: U) announced today it will release fourth quarter and Fiscal Year 2023 financial results after the market close on Monday, February 26, 2024, with a webcas...

2 months ago - Business Wire

Unity Software to Cut 25 Percent of Its Work Force

The cuts follow a tough year for the tech industry, in which tens of thousands of workers were laid off.

2 months ago - NYTimes

Unity Software to lay off 25% of its workforce

Unity Software Inc (NYSE: U) is up 5.0% in extended hours on Monday after announcing plans of lowering its global headcount. How many employees will be laid off?

2 months ago - Invezz

Unity Software to lay off 1,800 employees as part of a corporate restructuring

Unity Software is slashing about 25% of its workforce just eight months after announcing its prior round of layoffs.

2 months ago - CNBC

Unity Software cutting 25% of workforce

CNBC's Pippa Stevens joins 'Closing Bell Overtime' with brekaing news out of Unity Software.

2 months ago - CNBC Television

Unity Software to cut 25% of staff amid restructuring

Virtual-reality design firm Unity Software Inc. U, +3.18% on Monday said it planned to lay off around 1,800 employees, or 25% of its staff, amid efforts to focus on its core business. The company, who...

2 months ago - Market Watch

Exclusive: Unity Software cutting 25% of staff in ‘company reset' continuation

Videogame software provider Unity Software will target laying off approximately 25% of its workforce, or 1,800 jobs, the company said in a regulatory filing and internal company memo on Monday.

2 months ago - Reuters