$U (-5,05%) | Unity Q3 Earnings Highlights:

🔹 Revenue: $446.5M (Est. $428.2M) 🟢

🔹 EPS: -$0.31 (Est. -$0.39) 🟢

🔸 Appointed new CFO

Raised FY24 Guidance:

🔹 Revenue for Strategic Portfolio: $1.703B-$1.708B (previously $1.680B-$1.690B)

🔹 Adjusted EBITDA: $363M-$368M (previously $340M-$350M)

Outlook for Q4 2024:

🔹 Revenue for Strategic Portfolio: $422M-$427M

🔹 Adjusted EBITDA: $79M-$84M

Segment Revenue:

🔹 Create Solutions: $132M; UP +5% YoY

🔹 Grow Solutions: $298M; DOWN -5% YoY

🔹 Non-Strategic Portfolio: $17M; DOWN -84% YoY

Other Key Metrics:

🔹 Gross Booking Value (GBV): $20.1B; UP +10% YoY

🔹 Adjusted EBITDA: $92M (Est. $75-80M); UP +22% YoY

🔹 Active Listings: Over 8M

Product Updates:

🔸 Launched Unity 6, the latest, most stable version, with end-to-end multiplayer workflows, improved mobile web targeting, and enhanced graphics capabilities.

🔸 Transitioned from Runtime Fee to a subscription model with new pricing changes effective January 2025.

Strategic Developments:

🔸 Appointed new CFO, Jarrod Yahes, beginning January 1, 2025.

🔸 Expanded customer base outside of gaming, with partnerships like KLM (VR pilot training) and Deutsche Bahn (AR customer guidance and VR staff training).

Business Highlights:

🔸 Significant progress on data infrastructure for advertising, enabling better transparency and user engagement insights.

🔸 Positive trends in subscription renewals and Unity 6 adoption following pricing adjustments.

CEO’s Commentary:

🔸 "Unity’s mission to support the full lifecycle of game development and interactive experiences positions us for long-term growth, supported by stable subscription growth and the adoption of Unity 6."