CNBC does not compare reported earnings and revenue to Wall Street estimates for a company's first report as a public company, as uncertain share counts can skew expectations.
The company posted a net loss of $144.7 million, up 218% from a net loss of $45.5 million a year prior. Revenue, however, grew to $200.8 million, up 53.3% year-over-year from $130.9 million. The company also announced that it is expecting fourth-quarter revenue in the range of $200 million to $204 million. Full-year revenue outlook for 2020 is expected to be in the range of $752 million to $756 million. That would be up between 38.8% and 39.5% from Unity's 2019 revenue.
Unity gives developers the tools to create 3D titles for phones, consoles and the web without having to code for each platform. "Pokemon Go" and "Fall Guys: Ultimate Knockout" are among the games developed using Unity's software. It's also used for games published by
Anyone know why the are in loss? My hunch was otherwise. Unity is used to make so many popular games
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Why an IPO ‘meltup’ could signal future trouble for the stock marketRed-hot IPOs may offer another sign of froth in a rallying stock market that saw all three major U.S. benchmark indexes and a small-cap index hit all-time highs this past week. What happened to WISH? Maybe so, but I've been in this game since 1984 and as far as I can remember there have always been 'red-hot' IPOs in all markets. The first IPO I ever worked was 'Detroit Diesel' what a boring company during a boring market. But it was a 'Hot' IPO that was way over subscribed.
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