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0.0021929824561403 0.00383771929824563 0.00630482456140342 0.00603070175438593 0.0243969298245614 0.0430372807017544 0.0507127192982455 0.0663377192982455
Stock impact report

Unity shares jump after upbeat preliminary results, strategic overhaul [Yahoo! Finance]

Unity Software Inc. (U) 
Company Research Source: Yahoo! Finance
Shares of Unity Software Inc (NYSE:U) rose about 17% at the open on Friday after the videogame software company reported preliminary first-quarter results that topped its own forecasts and signaled further strategic changes to streamline its business. Unity said it expects first-quarter revenue of $505 million to $508 million, above its prior guidance of $480 million to $490 million. Adjusted EBITDA is projected at $130 million to $135 million, exceeding the company's outlook of $105 million to $110 million. The stronger-than-expected performance was driven in part by growth in its Unity Vector offering, which expanded 15% sequentially during the quarter, alongside continued momentum in its Create segment. The company also announced plans to shut down its ironSource Ads Network by the end of April and is exploring a divestiture of Supersonic, its mobile game publishing unit, as part of efforts to sharpen its focus on higher-growth businesses. Analysts at Jefferies said the re Show less Read more
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