Game engine maker Unity (NYSE:U) reported results ahead of analysts’ expectations in Q2 CY2024, with revenue down 15.8% year on year to $449.3 million. It made a GAAP loss of $0.32 per share, improving from its loss of $0.51 per share in the same quarter last year.
Is now the time to buy Unity? Find out in our full research report.
Unity (U) Q2 CY2024 Highlights:
-
Revenue: $449.3 million vs analyst estimates of $441.7 million (1.7% beat)
-
EPS: -$0.32 vs analyst estimates of -$0.46 (29.9% beat)
-
Gross Margin (GAAP): 75.8%, up from 70.8% in the same quarter last year
-
Free Cash Flow of $79.61 million is up from -$14.56 million in the previous quarter
-
Net Revenue Retention Rate: 96%, down from 101% in the previous quarter
-
Market Capitalization: $5.44 billion
Started as a game studio by three friends in a Copenhagen apartment, Unity (NYSE:U) is a software as a service platform that makes it…
