Why Unity Isn't Worried About Apple's Ad Tracking Crackdown
Dominant mobile gaming creation platform Unity Software (NYSE: U) reported first-quarter earnings results earlier this week, which handily beat analyst expectations. The company even boosted its full-year guidance and now expects 2021 revenue to top $1 billion for the first time. The stock briefly popped after the report before the ongoing pessimism surrounding growth-oriented technology stocks again took hold and led to a sell-off.
Near-term volatility aside, here's why Unity isn't worried about Apple's (NASDAQ: AAPL) recent change to how it handles Identifier for Advertisers (IDFA), which has created shockwaves throughout the broader advertising industry.
Image source: Getty Images.
Source Fool.com
