Shares of video game software development company Unity Software Inc. (U) are down more than 30% Wednesday morning following first-quarter results. The company provided second-quarter as well as full year revenue outlook below Street view.
Unity expects second-quarter revenue to be in the range of $290 million — $295 million. The consensus estimate of analysts polled by Thomson Reuters is for $360.97 million.
For the full year, revenue is expected between $1.350 billion and $1.425 billion. Analysts' expectation stands at $1.5 billion.
In the first quarter, net loss widened to $177.56 million or $0.60 per share from loss of $107.46 million or $0.39 per share a year ago, due to higher expenses.
Excluding one-time items, loss was $0.08 per share, that met the consensus estimates.
Revenue was $320.13 million in the quarter, an increase of 36% from the same quarter a year ago. Analysts' view stood at $321.49 million.
Unity Software stock, currently at $33.37, has touched a new low of $30.25 this morning.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.