Unity Software Inc. (NYSE:U) reported upbeat fourth-quarter financial results but issued first-quarter revenue guidance below estimates on Wednesday.
Unity reported adjusted earnings per share of 24 cents, beating the consensus estimate of 20 cents. In addition, the company reported revenue of $503.08 million, beating the consensus estimate of $491.42 million.
Looking ahead, the company sees first-quarter revenue of $480.00 million to $490.00 million, versus the consensus estimate of $493.93 million. In Grow, revenue is expected to be flat sequentially, while Create is expected to deliver double-digit year-over-year growth, excluding non-strategic revenue.
“Fourth quarter results once again comfortably exceeded the high-end of our guidance, led by exceptional …