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Unity Software Narrows Q1 Loss Amid Revenue Jump

05/11/2021 12:30

04:25 PM EDT, 05/11/2021 (MT Newswires) -- Unity Software (U) on Tuesday narrowed its adjusted net loss to $0.10 per share in Q1 from $0.11 per share a year earlier, better than analyst estimates of a $0.12 loss per share in a Capital IQ poll.

Revenue grew 41% to $234.8 million from a year ago, exceeding the $217.1 million estimate.

For Q2, the company expects revenue of $240 million to $245 million and an adjusted net loss of $30 million to $40 million, against the Street estimate of $232 million for revenue.

For the full year 2021, it projects revenue of $1.0 billion to $1.02 billion and an adjusted net loss of $90 million to $100 million, compared to consensus of $967.2 million for revenue.

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