Welcome to our dedicated page for Unity Software news (Ticker: U), a resource for investors and traders seeking the latest updates and insights on Unity Software stock.
Unity Software Inc. (U) drives innovation in real-time 3D development and interactive content creation across gaming, enterprise, and spatial computing sectors. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and technological advancements.
Access verified press releases, earnings reports, and strategic announcements directly from Unity Software. Our curated collection features updates on product launches, partnership agreements, and industry-specific applications of Unity's creation engine. Monitor critical developments in AR/VR implementation, gaming ecosystem growth, and enterprise solutions.
Key content categories include quarterly financial disclosures, executive leadership updates, platform enhancements, and cross-industry collaboration news. Stay informed about Unity's role in shaping digital content creation through reliable, timestamped information sources.
Bookmark this page for streamlined access to Unity's evolving corporate narrative. Combine strategic insights with operational updates to maintain current understanding of this leading creative technology provider's market position.
Unity (NYSE: U) reported Q4 2024 financial results with revenue of $457 million, down 25% year-over-year. The company's strategic portfolio revenue grew 4% to $442 million. Create Solutions revenue was $152 million (down 47% YoY), while Grow Solutions revenue was $305 million (down 5% YoY).
For full-year 2024, Unity recorded revenue of $1,813 million, a 17% decrease from 2023. The company reported a GAAP net loss of $664 million with a margin of (37)%. Adjusted EBITDA was $390 million with a 21% margin. Free Cash Flow improved to $286 million from $179 million in 2023.
Looking ahead, Unity provided Q1 2025 guidance with expected revenue between $405-415 million and Adjusted EBITDA of $60-65 million. The company highlighted the successful launch of Unity 6, new pricing model implementation, and progress in AI advertising solutions.
Unity (NYSE: U) has been selected by Toyota Motor to develop the Graphical User Interface (GUI) for Toyota's next-generation in-car Human Machine Interface (HMI). The partnership leverages Unity's real-time 3D technology, developed through extensive gaming industry experience, to enhance Toyota's HMI development pipeline.
The collaboration aims to improve efficiency across design and engineering stages by reducing rework, optimizing development processes, and streamlining data management. Toyota's Digital Software Development Center is developing in-house 'digital cockpits' to connect drivers, vehicles, and society, involving hundreds of software engineers in developing instrument clusters and infotainment systems.
According to Toyota, Unity's technology has simplified the implementation of advanced 3D graphics, making it more accessible to newer engineers and significantly improving development efficiency.
Unity (NYSE: U) has announced it will release its fourth quarter and fiscal year 2024 financial results before market opening on February 20, 2025. The company will host a webcast at 8:30 a.m. ET/5:30 a.m. PT on the same day. Investors can access both the financial results and webcast through Unity's Investor Relations website at investors.unity.com, where a replay will also be available afterward.
Unity (NYSE: U), renowned for its game development platform, announced that Jarrod Yahes will be the new SVP and Chief Financial Officer effective January 1, 2025. Yahes, previously CFO at Shutterstock, led significant expansions in 3D content and digital advertising. Unity's CEO, Matt Bromberg, praised Yahes' operational and growth expertise. This follows the recent hiring of Steve Collins as CTO. Unity emphasizes its unique position in supporting developers throughout the game lifecycle. The company will release its Q3 2024 financial results today, November 7, 2024, followed by a webcast at 2 p.m. PT/5 p.m. ET.
Unity (NYSE: U) has appointed Steve Collins as its new Chief Technology Officer (CTO) to strengthen technical leadership and accelerate product innovation, quality, and stability. Collins brings extensive experience from his previous roles as CTO at King (creators of Candy Crush) and co-founder/CTO of Havok physics engine. He also served as CTO at Swrve and founded the computer graphics research group at Trinity College Dublin. Unity's CEO Matt Bromberg emphasized Collins' deep technical expertise in gaming and marketing technology, highlighting his understanding of developer needs.
Unity (NYSE: U) has announced that it will release its third quarter 2024 financial results after the market close on November 7, 2024. The company will host a webcast to discuss the results at 2 p.m. PT/5 p.m. ET on the same day. Investors and interested parties can access the webcast and financial results through Unity's Investor Relations website at investors.unity.com. For those unable to attend the live event, a replay of the webcast will be made available on the same website.
Unity (NYSE: U) announced at its annual 'Unite' developer conference that Unity 6, the most stable and performant version of its game development platform, will launch globally on October 17, 2024. Unity 6 offers developers customizable graphics rendering, simplified multiplayer game development, and robust tools for web browser-optimized games. The first update, Unity 6.1, is scheduled for April 2025.
Notable features include support for foldable and larger screen formats, Deferred+ rendering in GPU Resident Drawer, and new build targets and profiles. Unity will also release Time Ghost, a demo showcasing Unity 6's capabilities, and optimize the Fantasy Kingdom demo for mobile using URP. The 16th Annual Unity Awards nominees will be announced, with voting open until October 4, 2024, and winners revealed on October 23, 2024.
Unity (NYSE: U) has announced that Jim Payne will join the company as Chief Product Officer for Advertising, effective August 12, 2024. Payne, a co-founder of MoPub and MAX Advertising Systems, brings a wealth of experience from his recent venture, CloudExchange. Unity is acquiring the assets of CloudExchange to enhance its advertising business. This follows the recent hiring of Alex Blum as Senior Vice President of Corporate Development. Unity aims to capitalize on the $150 billion mobile advertising market, driving innovation and growth in its advertising division.
Unity (NYSE: U) has announced that it will release its second quarter 2024 financial results on August 8, 2024, after the market closes. Following the release, a webcast will be held at 2 p.m. PT/5 p.m. ET to discuss the results.
The webcast and shareholder letter will be accessible via Unity's Investor Relations website, investors.unity.com. Additionally, a replay of the webcast will be available on the same platform.
Unity (NYSE: U) will showcase its cutting-edge 3D and XR technologies at the 2024 Augmented World Expo (AWE) from June 18-20 in Long Beach, California.
Attendees will witness how Unity's tools are transforming industries such as retail and automotive by improving operations and generating new revenue streams.
Unity will also host a Vision Workshop on June 17, focusing on leveraging visionOS support and PolySpatial tools for Apple Vision Pro.
Live demos will highlight applications like real-time data syncing with virtual environments and industrial uses ranging from retail to manufacturing.
Unity 6, along with Cloud Workflows and Pixyz Engine, will be introduced to enhance multi-platform experiences and business solutions.
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