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Unity Software Q4 Non-GAAP Loss Narrows as Revenue Improves

· 02/05/2021 05:20

10:15 AM EST, 02/05/2021 (MT Newswires) -- Unity Software (U) reported after markets closed Thursday Q4 non-GAAP loss of $0.10 per share, compared with $0.79 loss per share in the year-earlier period.

Analysts surveyed by Capital IQ had called for $0.15 loss per share.

The maker of video-gaming software also reported revenue for the December quarter of $220.3 million, up from $158.1 million a year earlier. Wall Street was looking for $186.9 million.

Moving forward, Unity Software said it anticipates Q1 revenue in the range of $210 million to $220 million, and full-year revenue in the range of $950 million to $970 million. Analysts had forecast $216.3 million and $963 million respectively.

Shares slumped almost 11% in morning trading on Friday.

Price: 133.48, Change: -16.33, Percent Change: -10.90