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Investing.com -- Unity Software Inc (NYSE:U) shares jumped more than 5% in the premarket trade Wednesday after the videogame software maker reported better-than-expected results for the first quarter.
The company reported Q1 earnings per share (EPS) of $0.24, exceeding average analyst expectations of $0.12. Revenue reached $435 million, down from $460 million in the year-ago period, but still above the $417.13 million consensus.
Adjusted EBITDA came in at $83.9 million, also topping the $64.9 million estimate.
"The Company’s first quarter results once again meaningfully exceeded expectations on both revenue and Adjusted EBITDA, highlighting our progress as we continue to build a culture of execution and discipline,” said Matt Bromberg, President and CEO of Unity.
“The early success of Unity Vector and continued strong demand for Unity 6 underscore our positioning as the leading integrated platform supporting developers across the full lifecycle of game development,” Bromberg added.
For the second quarter of 2025, Unity expects revenue between $415 million and $425 million, compared to the consensus forecast of $424.2 million. The company guided for adjusted EBITDA of $70 million to $75 million, below the $81.4 million estimate.