Down 50%, Is Unity Stock a Buy Right Now?
In this video I'll cover Unity's (NYSE: U) first-quarter earnings report and talk about why I continue to be bullish on this company. Yes, the stock is down 50% since its all-time highs but that doesn't mean the company behind the stock price isn't doing better. On the contrary, it's doing much better.
Unity reported revenue of $234.8 million, up 41% year over year. Create Solutions revenue was $70.4 million, up 51%; Operate Solutions revenue was $146.6 million, up 40%; and Strategic Partnerships and Other revenue was $17.8 million, up 12% year over year. Basic and diluted non-GAAP net loss per share was $0.10 versus the consensus estimate of $0.12. Unity expects revenue growth of approximately 30% over the long run and lastly, the company raised full-year guidance by $50 million to $1 billion in revenue.
Unity, in my opinion, is the world's leading platform for creating and operating interactive real-time 3D content. Over half of all mobile, PC, and console games are made with Unity (Pokemon Go, for example). Unity provides an entire design and creation platform so developers can quickly create 3D environments and games.
Source Fool.com
