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Stock impact report

Unity Software (U) Soars 13.6% on Higher Revenue Outlook [Yahoo! Finance]

Unity Software Inc. (U) 
Company Research Source: Yahoo! Finance
Unity Software climbed by 13.57 percent on Friday to close at $19.46 apiece after raising its preliminary revenue growth outlook for the first quarter of the year, on the back of strong performance from its Vector business. In an updated report, Unity Software Inc. (NYSE:U) said it now expects revenues to reach $505 million to $508 million, or 3.7 percent to 5.2 percent higher than the $480 million to $490 million targeted previously. Photo by Karolina Grabowska on Pexels Adjusted EBITDA is also expected to be between $130 million and $135 million, as compared with the $105 million to $110 million earlier. The projected results were attributed to the strong performance of Unity Vector, a $155 million projected revenue from Create, and $352 million from Grow. “Unity Vector continues to deliver robust growth each quarter, driving results meaningfully above our guidance. Today's actions will accelerate Vector's impact on our business, enhancing both revenue growth and profitab Show less Read more
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