On August 6, Unity Software Inc. rose 6.58% in regular trading, trading at $40.34/share, with turnover of $3.82 billion.
On the news front, the company released its Q2 financial results before market open, delivering a comprehensive beat on both revenue and earnings. Q2 revenue came in at $546.5 million, up from $440.9 million a year earlier, significantly exceeding the analyst consensus estimate of $514.7 million. Adjusted EPS reached $0.28, compared to $0.18 in the year-ago quarter and well above the Street estimate of $0.25.
The company also issued robust Q3 guidance, projecting strategic revenue of $540 million to $550 million, representing year-over-year growth of 44% to 47%. Prior to the earnings release, multiple institutions had raised their price targets, including UBS to $32 and Wedbush to $36, while Morgan Stanley maintained an overweight rating with a $35 target, citing AI monetization potential and strong momentum in the China market.
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