Is There a Future for Unity?
From their peak in late 2022, shares of video game engine developer Unity (NYSE: U) have tumbled more than 80%. The company's revenue dropped by 17% in 2024 as Unity reckoned with years of bad decisions, including the expensive acquisition of mobile ad company ironSource and the disastrous rollout and eventual cancellation of onerous fees for developers.
Unity set out to "reset" itself in early 2024. It got out of non-core businesses, laid off a sizable fraction of its workforce, and turned to mobile gaming veteran Matthew Bromberg as new CEO.
While a quick look at Unity's stock chart over the past few years doesn't paint a pretty picture, the company is starting to get back on track. For patient investors, Unity has a future that could deliver solid returns.
Source Fool.com
