---Unity Software (U) reported earnings on Tue 10 May 22 (a/h)

 

Unity Software reports EPS in-line, revs in-line; guides Q2 revs below consensus; guides FY22 revs below consensus 

• Reports Q1 (Mar) loss of $(0.08) per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of $(0.08); revenues rose 36.4% year/year to $320.13 mln vs the $321.17 mln S&P Capital IQ Consensus.
• Co issues downside guidance for Q2, sees Q2 revs of $290-295 mln vs. $359.65 mln S&P Capital IQ Consensus.
• Co issues downside guidance for FY22, sees FY22 revs of $1.350-1.425 bln vs. $1.49 bln S&P Capital IQ Consensus.
• Co noted it is providing the following guidance for Q2 and lowering guidance for FY22 due to challenges with monetization products that it expects to impact 2022.