Unity Reports First GAAP Profit Since Going Public
Unity Software reported its first quarterly GAAP profit since going public in 2020. Advertising revenue helped lift sales and earnings, and shares jumped in premarket trading.
Unity Software (U) shares jumped in premarket trading on Thursday after the gaming software company reported its first quarterly GAAP profit since going public in 2020, with a sharp increase in advertising revenue helping lift sales and earnings.“Third-quarter performance was our strongest ever, wi…