Unity Software Inc. (U)

NYSE: U · IEX Real-Time Price · USD
21.39
-0.28 (-1.29%)
May 20, 2024, 1:14 PM EDT - Market open
-1.29%
Market Cap 8.36B
Revenue (ttm) 2.15B
Net Income (ttm) -860.05M
Shares Out 390.86M
EPS (ttm) -2.25
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 3,710,754
Open 21.70
Previous Close 21.67
Day's Range 21.38 - 21.75
52-Week Range 21.37 - 50.08
Beta 2.40
Analysts Buy
Price Target 34.09 (+59.3%)
Earnings Date May 9, 2024

About U

Unity Software Inc. operates a platform that provides real-time 3D content and experiences. Its platform provides artificial intelligence solutions that support creators in building, running, and growing immersive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company also offers Create Solutions, a set of tools and services used to build, ship, and run real-time 2D and 3D content; and Grow Solutions, which allows customers to grow and engage their user base and monetize th... [Read more]

Sector Technology
IPO Date Sep 18, 2020
Employees 6,784
Stock Exchange NYSE
Ticker Symbol U
Full Company Profile

Financial Performance

In 2023, Unity Software's revenue was $2.19 billion, an increase of 57.25% compared to the previous year's $1.39 billion. Losses were -$822.01 million, -10.75% less than in 2022.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for U stock is "Buy." The 12-month stock price forecast is $34.09, which is an increase of 59.30% from the latest price.

Price Target
$34.09
(59.30% upside)
Analyst Consensus: Buy
Stock Forecasts

News

2024 Unity for Humanity Grant Winners and Honorees Show the Power of Real-Time 3D to Drive Change

SAN FRANCISCO--(BUSINESS WIRE)--Unity (NYSE: U), the world's leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platforms, today announced ...

5 hours ago - Business Wire

Is Unity stock worth buying under the new CEO?

Unity Software Inc (NYSE: U) has already lost more than 40% this year but a Benchmark analyst warns it could tank further in the coming months.  Unity stock could tank to $16 Mike Hickey reiterates hi...

10 days ago - Invezz

Unity names a permanent CEO while reporting better-than-expected results

Unity Software Inc. shares were moving lower in Thursday's extended session as overall revenue beat expectations but still declined.

10 days ago - Market Watch

Unity Appoints Matthew Bromberg as New CEO

SAN FRANCISCO--(BUSINESS WIRE)--Unity (NYSE: U) (the “Company”), the world's leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platforms, ...

18 days ago - Business Wire

TheXPlace and Unity Kick-off Summer Game Jam

SANTA CLARA, Calif.--(BUSINESS WIRE)-- #AI--TheXPlace (https://thexplace.ai/), the only all-in-one vertical talent marketplace for the video game industry, and Unity [NYSE: U] (https://unity.com/), th...

25 days ago - Business Wire

As Player Demand Increases for Multiplayer Experiences, Unity Announces Enhanced Support in Unity 6

SAN FRANCISCO--(BUSINESS WIRE)--As highlighted in the 2024 Unity Gaming Report, even as the gaming industry faced economic challenges, multiplayer games are still proving tremendously successful. 68% ...

6 weeks ago - Business Wire

Unity Announces First Quarter 2024 Financial Results Webcast

SAN FRANCISCO--(BUSINESS WIRE)--Unity (NYSE: U) announced today it will release first quarter 2024 financial results after the market close on Thursday, May 9, 2024, with a webcast to follow at 2 p.m....

6 weeks ago - Business Wire

AUGMENTED WORLD EXPO UNVEILS DEVELOPER WORKSHOP FOCUSED ON APPLE VISION PRO, SPONSORED BY UNITY

Auggie Awards Now Accepting Submissions for Innovation for Apple Vision Pro LONG BEACH, Calif., March 26, 2024 /PRNewswire/ -- This year, there's only one place to get immersed in the entire XR ecosys...

7 weeks ago - PRNewsWire

2024 Unity Gaming Report Highlights Game Studios' Continued Resilience As They Boldly Stretch Resources Amidst Shifting Market Forces

SAN FRANCISCO--(BUSINESS WIRE)---- $U #developers--Unity (NYSE: U), the world's leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platform...

2 months ago - Business Wire

Unity Partners with Mazda to Transform In-Cabin Car Experience

TOKYO & SAN FRANCISCO--(BUSINESS WIRE)--Unity (NYSE:U), the world's leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platforms, announced...

2 months ago - Business Wire

Unity's stock falls as Wall Street wonders if company's reset is ‘dubious' or a ‘floor'

Unity Software Inc. has hit the reset button, but analysts are split on whether the app-monetization software company now has a brighter future ahead.

2 months ago - Market Watch

Unity Software Stock Tumbles. Wall Street Is Split Over Its Reset Plan.

The videogame software provider's financial guidance was weaker than expected.

2 months ago - Barrons

Unity Software tumbles as gloomy forecast signals turnaround taking time

Unity Software shares sank 15% in premarket trading on Tuesday after the videogame software provider's 2024 forecasts came in below Wall Street estimates, a sign that its turnaround was taking longer ...

2 months ago - Reuters

Unity Software Stock Drops After Games Company Issues Soft Guidance—Monitor This Key Level

Unity Software (U) issued current-quarter guidance well below Wall Street's estimates as the game development company undergoes a portfolio and cost structure reset, sending its shares tumbling over 1...

2 months ago - Investopedia

Unity shares sink on weak guidance

Unity shares sink over 15% after missing first-quarter forecast.

2 months ago - CNBC

Unity is 'a mess' internally right now, says Jefferies' Brent Thill

Brent Thill, Jefferies tech research analyst, joins 'Closing Bell Overtime' to talk Unity and Workday quarterly results.

2 months ago - CNBC Television

Unity's stock crumbles as earnings, forecasts underwhelm

Unity Software Inc. shares were tanking in late trading Monday after the app-monetization company whiffed with its latest results and forecasts.

2 months ago - Market Watch

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

Macquarie analyst Tim Nollen downgraded shares to Underperform from Neutral.

3 months ago - Barrons

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...

3 months 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 months 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.

4 months 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.

4 months 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.

4 months 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...

4 months 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.

4 months ago - NYTimes