By Kuldip K. Ambastha
The stock price of Unity Software Inc. (U), a videogame software development company, fell by -37.0% per share on Wednesday, May 11, 2022. In Unity Software’s latest quarterly conference call, company leaders disclosed impressive 1Q2022 results, but also noted disappointing 2Q2022 and 2022 full-year guidance. Wall Street was displeased with the guidance on future revenues, in particular. Unity Software had been considered a company which could deliver strongly in a future metaverse world, where people flock to a comprehensive and enjoyable 3D virtual experience online. If Unity Software continues to disappoint going forward, it may not become a dominant player in the metaverse space.
Keywords – Unity Software Inc., Unity Software, Unity, U, technology, tech, videogame, software, metaverse, 3D, virtual, experience, online, 1Q2022, 2Q2022, 2022, guidance, future, revenues.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in U.
Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.
CONTACT US