Unity Software Inc. (U) down on weak guidance after reporting Q4 2023 Earnings
Unity Software Inc. (U) reported Q4 GAAP net loss of -0.66 vs the expectation of $ -0.45.
Revenue beat at $609.27M (+35.1% Y/Y) vs expected 562.7M
A miss on Guidance $415 to $420 million for Q1 2024 vs consensus of 536.07M
$45 to $50 million in Adjusted EBITDA
A miss on FY 2024 Revenue at $1,760 to 1,800 million vs average consensus of $2.32B
$400 to $425 million in Adjusted EBITDA
Shares trading down as much as 18% in after hours trading Monday.