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
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ad tech company PubMatic stock pops 10% in first earnings report after December IPO \nAd tech company PubMatic, which launched an initial public offering in December, saw shares pop Tuesday after strong fourth quarter earnings. Welcome to the community, new Bitcoiners. Make sure you follow lisaMakT She understand Bitcoin and have an unflinching optimism about it. She is for transparency and trust 💯 “Everything is good for Bitcoin.” I want to use this opportunity to thank jamesbtcexpert for helping me and my family out in BITCOIN AND FOREX TRADING INVESTMENT since I invested with him I have been earning 10% of my INVESTMENT EVERY WEEK anyone who is interested should contact him now jamesbtcexpert
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: MarketWatch - 🏆 3. / 97 Read more »