Unity Stock: Bear vs. Bull
Unity Software's (NYSE: U) stock price tumbled 16% on Feb. 23 after it posted its fourth-quarter earnings report. The video game engine developer's revenue rose 43% year over year to $451 million and topped analysts' estimates by $13 million. That growth was partly driven by its takeover of the ad tech company ironSource last November.
On a generally accepted accounting principles (GAAP) basis, Unity's net loss widened from $162 million to $288 million, or $0.82 per share, which missed analysts' expectations by $0.38. But on a non-GAAP basis -- which excludes its stock-based compensation, its acquisition of ironSource, and other one-time expenses -- it generated a slim net profit of $13 million, compared to a net loss of $22 million a year ago. That represented its first non-GAAP profit as a public company.
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Source Fool.com
