2024-05-10 16:36:08 ET
Summary
- Unity Software Inc.'s total revenue decreased by 8% from last year, but exceeded estimates by $26.9 million.
- The company's core strategic portfolio showed a 2% increase, driven by growth in subscriptions and partnerships.
- Unity Software's guidance for Q2 fell below consensus, but adjusted EBITDA is a reason to be positive.
- A speculative bet on a return to growth following this transition.
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Unity Software: After Another Smackdown On Earnings, Time To Speculate