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Unity Software shares surge over 17% after recording first post-IPO GAAP profit

Stocktwits +2 · ·by G4L

U
U Unity Software Inc
$49.65 -1.37%
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  1. 1Unity Software recorded a GAAP earnings per share of $0.25 in the third quarter.
  2. 2Unity reported third-quarter revenue of $622 million, with Vector (AI-based advertising system) growth reaching 126% year-over-year.
  3. 3Unity projected fourth-quarter constant currency revenue growth of 65% to 67%.

So what's the key point?

Unity Software has earned a profit for the first time since its IPO. The company's stock price rose by more than 17% as its advertising system saw significant growth.

Source Stocktwits +2 · View original ↗

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