Unity Software Inc. (U)

NYSE: U · IEX Real-Time Price · USD
32.02
-1.88 (-5.55%)
At close: Feb 20, 2024, 4:00 PM
31.95
-0.07 (-0.22%)
After-hours: Feb 20, 2024, 7:59 PM EST
-5.55%
Market Cap 12.17B
Revenue (ttm) 2.03B
Net Income (ttm) -858.59M
Shares Out 380.02M
EPS (ttm) -2.33
PE Ratio n/a
Forward PE 62.11
Dividend n/a
Ex-Dividend Date n/a
Volume 8,690,356
Open 33.27
Previous Close 33.90
Day's Range 31.63 - 33.27
52-Week Range 22.20 - 50.08
Beta 2.52
Analysts Buy
Price Target 37.24 (+16.3%)
Earnings Date Feb 26, 2024

About U

Unity Software Inc. operates a platform that provides real-time 3D development tools and services. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company serves enterprises, mid-market companies, and government and non-profit institutions; mid-sized, small, and independent businesses; and individuals across various industries. It offers its solutions directly through its online store, field sa... [Read more]

Sector Technology
IPO Date Sep 18, 2020
Employees 7,703
Stock Exchange NYSE
Ticker Symbol U
Full Company Profile

Financial Performance

In 2022, Unity Software's revenue was $1.39 billion, an increase of 25.26% compared to the previous year's $1.11 billion. Losses were -$921.06 million, 72.9% more than in 2021.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for U stock is "Buy." The 12-month stock price forecast is $37.24, which is an increase of 16.30% from the latest price.

Price Target
$37.24
(16.30% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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

Macquarie analyst Tim Nollen downgraded shares to Underperform from Neutral.

8 days 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...

11 days 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...

15 days 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...

20 days 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%.

4 weeks 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.

6 weeks 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.

6 weeks 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.

6 weeks 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...

6 weeks 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.

6 weeks 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?

6 weeks 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.

6 weeks ago - CNBC

Unity Software cutting 25% of workforce

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

6 weeks 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...

6 weeks 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.

6 weeks ago - Reuters

UNITY ALERT: Bragar Eagel & Squire, P.C. Is Investigating Unity Software, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Unity Software, Inc. (NYSE: U) on behalf of ...

2 months ago - Business Wire

Rate-sensitive tech stocks stage comeback despite high interest rates

CNBC's Deirdre Bosa reports on the comeback of tech stocks.

Other symbols: PINSPLTRWIXZZG
2 months ago - CNBC Television

Unity Software to close corporate offices in 14 locations

Unity Software Inc. U, a developer of 3-D tools for virtual reality, said on Tuesday that it planned to close corporate offices in around 14 locations, as it “evaluates its real estate footprint.” The...

3 months ago - Market Watch

Granite REIT Declares Distribution for November 2023

TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2667 per stapled...

3 months ago - Business Wire

Unity Software's resilient rebound post-earnings setback

Last week, when technology stock Unity Software NYSE: U reported earnings, shares fell as much as 15% in the after-hours session. The sharp decline came as the company missed on revenue and did not pr...

3 months ago - MarketBeat

Unity Further Supports Creators Across the Game Development Cycle With New AI Features, A First Look at Unity 6, and The Debut of Unity Cloud

SAN FRANCISCO--(BUSINESS WIRE)---- $U #crossplatform--Unity (NYSE: U), the world's leading platform for creating and growing real-time 3D (RT3D) content, unveiled a slate of new AI innovations and pla...

3 months ago - Business Wire

Unity Software (U) Q3 sales miss estimates, stock falls 7%

Unity Software Inc (NYSE: U) has seen a significant dip in its stock value, falling by 7.56% (-1.91) to trade at $23.34 as of November 10th, 09:40:24 GMT-5. The decline follows the company's third-qua...

3 months ago - Invezz

Unity seen ‘traversing a perilous path' as stock slides

Benchmark Research analyst Mike Hickey didn't mince words in assessing Unity Software Inc.'s decision to yank its prior forecast as it reviews its business and deals with developer backlash to a since...

3 months ago - Market Watch

Unity Software has a fleeting moment to win back developers — and investors

Jim Whitehurst, the recently named interim chief executive of Unity Software, has a brief window of time to restore trust between the troubled gaming development company, its investors and developers.

3 months ago - Market Watch

Unity shares slide on revenue miss as the company holds off on giving guidance

While China impact persisted, the game engine maker is in the midst of a review that might affect future operations. That's why Unity isn't giving guidance.

3 months ago - CNBC