On the positive side of things, the number of clients delivering more than $100,000 in trailing twelve months' sales for Unity Software grew by +29% YoY from 837 as of end-Q1 2021 to 1,083 as of end-Q1 2022. īut it was really a mixed quarter for U, if one looks beyond the in-line revenue. The company's top line rose by +36% YoY to $320 million in the first quarter of 2022, which is in line with Wall Street analysts' quarterly revenue estimate of $321 million according to S&P Capital IQ. Unity Software issued the company's Q1 2022 financial results press release on May 10, 2022, and U's first quarter sales met market expectations. It is relevant to review U's key financial metrics for the most recent quarter, prior to touching on Unity Software's outlook for the remainder of the current year. In my view, the risk-reward for U is fair, justifying a Hold investment rating. ( IS ) deal is completed before year-end. On the other hand, bulls will focus on the potential improvement in Unity Software's future profitability assuming that the ironSource Ltd. Bears will point to U's weak revenue guidance for full-year FY 2022 driven by issues linked to Audience Pinpointer. Investors will view the company's outlook for the rest of the year very differently, depending on whether they are bearish or bullish on Unity Software. I assign a Hold investment rating to Unity Software Inc.'s ( NYSE: U) stock. PonyWang/E+ via Getty Images Elevator Pitch
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |