Unity Software Inc. (U)
| Market Cap | 8.71B |
| 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 | 1,763,170 |
| Open | 22.80 |
| Previous Close | 23.57 |
| Day's Range | 22.66 - 23.08 |
| 52-Week Range | 22.20 - 50.08 |
| Beta | 2.42 |
| Analysts | Buy |
| Price Target | 34.91 (+52.25%) |
| Earnings Date | May 9, 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]
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 StatementsAnalyst 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 52.25% from the latest price.
News
As Player Demand Increases for Multiplayer Experiences, Unity Announces Enhanced Support in Unity 6
SAN FRANCISCO--(BUSINESS WIRE)--As highlighted in the 2024 Unity Gaming Report, even as the gaming industry faced economic challenges, multiplayer games are still proving tremendously successful. 68% ...
Unity Announces First Quarter 2024 Financial Results Webcast
SAN FRANCISCO--(BUSINESS WIRE)--Unity (NYSE: U) announced today it will release first quarter 2024 financial results after the market close on Thursday, May 9, 2024, with a webcast to follow at 2 p.m....
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...
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...
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...
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.
Unity Software Stock Tumbles. Wall Street Is Split Over Its Reset Plan.
The videogame software provider's financial guidance was weaker than expected.
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 ...
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...
Unity shares sink on weak guidance
Unity shares sink over 15% after missing first-quarter forecast.
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.
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.
Unity Stock Is Downgraded. Analyst Says Unlikely It's Improving.
Macquarie analyst Tim Nollen downgraded shares to Underperform from Neutral.
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...
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%.
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.
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.
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.
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...
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.
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?
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.
Unity Software cutting 25% of workforce
CNBC's Pippa Stevens joins 'Closing Bell Overtime' with brekaing news out of Unity Software.
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...
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.