In this video I'll cover Unity 's (NYSE: U) first-quarter earnings report and talk about why I continue to be bullish on this company. Yes, the stock is down 50% since its all-time highs but that doesn't mean the company behind the stock price isn't doing better. On the contrary, it's doing much better.
Unity reported revenue of $234.8 million, up 41% year over year. Create Solutions revenue was $70.4 million, up 51%; Operate Solutions revenue was $146.6 million, up 40%; and Strategic Partnerships and Other revenue was $17.8 million, up 12% year over year. Basic and diluted non-GAAP net loss per share was $0.10 versus the consensus estimate of $0.12. Unity expects revenue growth of approximately 30% over the long run and lastly, the company raised full-year guidance by $50 million to $1 billion in revenue.
Unity , in my opinion, is the world's leading platform for creating and operating interactive real-time 3D content. Over half of all mobile, PC, and console games are made with Unity ( Pokemon Go , for example). Unity provides an entire design and creation platform so developers can quickly create 3D environments and games.
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Down 50%, Is Unity Stock a Buy Right Now?