Reported 3 days ago
Unity Software Inc. saw its stock rise by 12.52% on Wednesday, closing at $24.54, despite a lack of new catalysts. The company reported a 73% reduction in net loss for the first quarter to $77.9 million, although revenues fell by 5.4% year-over-year. Looking ahead, Unity aims for second-quarter revenues between $415 million and $425 million, bolstered by the recent launch of its AI-powered platform, Vector, which is intended to enhance performance and insights across its ecosystem.
Source: YAHOO