Unity Software Stock Gets A Boost From Q2 Earnings: What's Going On?
Portfolio Pulse from Adam Eckert
Unity Software Inc (NYSE:U) reported Q2 earnings with revenue increasing over 80% YoY to $533.48 million, beating consensus estimates. Adjusted EBITDA was $99 million, an improvement of $136 million YoY. The company also raised its full-year guidance range by $40 million, with new full-year revenue guidance of $2.12 billion to $2.2 billion. Unity's shares were up 4.83% after hours.
August 04, 2023 | 12:18 pm
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Unity Software's Q2 earnings beat estimates and the company raised its full-year guidance, leading to a rise in its stock price.
Unity Software reported strong Q2 earnings, beating estimates and showing significant YoY growth. The company also raised its full-year guidance, indicating confidence in its future performance. These factors are likely to have a positive impact on investor sentiment and the company's stock price.
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