Published , by Donovan Erskine
Published , by Donovan Erskine
Unity (U) has published its earnings report for Q3 2024. In it, we see that the company behind the popular video game engine beat expectations for revenue, and took a smaller than expected loss in terms of EPS.
Unity’s Q3 2024 earnings report was published at the close of markets today. The company wrote down $446.5 million in revenue, beating an expectation of $430 million. Unity lost $0.31 per-share, which is less than the expected loss of $0.36.
Unity stock initially leaped to $24.55 before falling as low as $21.83 in after-hours trading. In the report, the company also announced Steve Collins and Jarrod Yahes as its new CTO and CFO, respectively.