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Unity Software (NYSE: U) Targets Over 25% Adjusted EBITDA Margins by 2024 End
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Image source: Megapixl
Highlights
Unity Software Inc. (Unity) (NYSE: U) offers a platform catering to content creators. This platform includes real-time three-dimensional (RT3D) development tools and services. It is designed for generating interactive experiences in two-dimensional (2D), three-dimensional (3D), virtual reality, and augmented reality across various platforms and devices. It has a market capitalization of USD 6.43 billion.
In the first quarter of FY24, the company experienced an approximate 8% decline in total revenue, primarily driven by reduced demand for its products and services. As a result of this decrease in revenue, the company reported a net loss of USD 291.48 million for the quarter.
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