The company is tossing an unpopular fee but prices are still going up. Shares of Unity Software (U 9.79%) were slightly down in early trading on Thursday. But just before noon ET, the stock suddenly popped due to a big announcement regarding its pricing structure. As of 2:30 p.m. ET, Unity stock was up about 12%. Unity waves the white flag on runtime fees Many of Unity's customers use its software to create mobile games and monetize them. And the company has long sold its software as a subscription, chargin ...

公司概况 - Unity Software Inc 是一家领先的平台 被软件开发者用于创建和管理实时3D内容 其核心产品是Unity游戏引擎 被用于开发视频游戏和互动沉浸式娱乐 该引擎被用于近50%的视频游戏和70%的全球前1000名移动游戏 [1] 股价表现 - 公司股价当前为16.72美元 较前一日下跌2.62% 52周区间为13.90-43.54美元 分析师平均目标价为26.46美元 [3] - 由于2023年7月推出的"运行时费用"政策引发强烈反对 股价从47.16美元暴跌至2024年8月7日的历史低点13.90美元 [3] 业务发展 - Create Solutions部门收入同比增长4% 核心订阅增长14% 该部门包括所有Unity游戏引擎收入 订阅 席位许可和运行时费用 [7] - Unity 6游戏引擎预计年底推出 将提供改进的工作流程 提高渲染速度 并包含AI功能 [7] 财务状况 - 2024年第二季度每股亏损0.32美元 超出预期的0.13美元亏损 收入同比下降15.8%至4.493亿美元 但核心战略组合收入同比增长6%至4.26亿美元 调整后EBITDA增至1.13亿美元 [9] - 预计2024年第三季度战略组合收入为4.15-4.2亿美元 调整后EBITDA为7500-8000万美元 全年收入预期从17.6-18亿美元下调至16.8-16.9亿美元 调整后EBITDA预期从2-4.25亿美元下调至3.4-3.5亿美元 [10] 市场地位 - 公司在移动游戏市场占有70%份额 显示出强大的竞争壁垒 [11] - 主要竞争对手包括Roblox Adobe和Autodesk [4] 技术分析 - 股价可能正在形成倒头肩形态 突破颈线17.89美元可能触发反弹 斐波那契回撤支撑位在15.16 13.96 13.32和12.42美元 [12][13] - 分析师平均目标价为26.46美元 最高目标价为56美元 [13]

Morgan Stanley just called a bottom on plummeting Unity Software stock. Investment bank Morgan Stanley upgraded shares of 3D graphics software company Unity Software (U 8.77%) to overweight this morning, and raised its price target to $22 per share. Unity stock responded by soaring 8% through 10 a.m. ET Tuesday. What Morgan Stanley said about Unity stock Quoted by Street Insider this morning, Morgan Stanley analyst Matthew Cost cited significant price underperformance by Unity stock (down 57% over the last ...

文章核心观点 - Unity公司的游戏引擎仍然是一项重要且难以复制的资产 [11] - Unity公司正在进行全面的机器学习和数据基础设施重建,以创造一个更敏捷的环境来促进创新 [14] - Unity公司的广告技术存在问题,需要一定时间才能得到解决 [14] - Unity公司的数字孪生解决方案是业务中表现最强劲的部分,但规模仍然太小,无法抵消其他业务部分的疲软 [17] 公司业务分析 - Unity公司的游戏引擎被广泛应用,70%的全球顶级移动游戏基于Unity构建,每月平均有37亿次应用下载 [11] - Unity公司最近的投资主要集中在创建更全面的引擎,将公司推向更接近Epic的方向,但也减少了对艺术家工具和AI的关注 [12] - Unity公司计划在今年秋季推出Unity 6,这将有助于提高引擎的盈利能力,但影响需要一定时间 [13] - Unity公司的广告业务存在大问题,尽管公司每月提供650亿次广告展示,覆盖15亿个独立游戏玩家,但广告技术落后,短期内难以弥补 [14] - Unity公司的Create业务收入增长4%,主要得益于订阅收入增长14%以及价格上涨和客户升级到更高价格订阅 [15] - Unity公司的Grow业务收入下降9%,主要受到广告业务压力的影响,但Aura业务表现强劲 [15] 财务分析 - Unity公司第二季度收入为4.49亿美元,同比下降16% [15] - Unity公司预计第三季度战略业务组合收入为4.15-4.2亿美元,同比下降4-6% [15] - Unity公司全年收入预期为16.8-16.9亿美元,同比下降2-3%,低于之前的指引 [15] - Unity公司毛利率持续回升,得益于成本控制和收入结构改善,但受机器学习投资的抵消 [16] - Unity公司调整后EBITDA为1.13亿美元,经营亏损约1.3亿美元,盈利和现金流改善但仍远未实现盈利 [16]

That price target actually represents a reduction from his previous evaluation. To put it mildly, Unity Software (U 1.27%) has not been a well-performing stock this year. It has lost nearly 60% of its value while the benchmark S&P 500 index has gained in excess of 16%. Yet the stock still has believers who feel it can head skyward before long. One of them recently cut his price target on the shares, but still thinks better days are ahead for the company. A somewhat contrarian view Analyst Jason Bazinet from ...

Unity Software stock has likely surprised many investors with its performance in recent years. There's been a lot of interest in Unity Software (U 0.36%) in recent years. You might understand why when you learn that the company "offers a suite of tools to create, market, and grow games and interactive experiences across multiple platforms from mobile, PC, and console, to spatial computing." Video gaming is big business, after all. Per Grand View Research, the video game market was valued at around $217 bill ...

There's new management in town, so investors are hoping there will be positive changes. Unity Technologies (U 1.16%) went public in 2020 to sky-high expectations, and for good reason. According to the company, more than 70% of video games for mobile devices are made using its game-engine software, giving it a prominent place in the industry. The business also makes money with advertising services. And having this many apps in its ecosystem gives it an advantage over its competition, in theory. Consider, too ...

BlackJack3D Unity Software Inc. (NYSE:U) has undergone a lackluster q2'24 earnings release in which revenue continued its decline for both Create and Grow segments for a total decline of -16%. Management is taking strides to turn this company around with a new CEO taking the helm, bringing in new growth initiatives to recreate their adrevenue segment using machine learning and other dynamic features. Despite the excitement, management restated their eFY24 forecast with a significantly reduced revenue trajec ...

Why there could be a better stock to buy in the space. In its first earnings report under Matt Bromberg, the new CEO of Unity Software (U 6.84%) slashed the company's guidance for the year and looked to reset expectations. It is the next step in trying to turn around a company that has seen its stock slump over 60% in 2024. Let's take a close look at Unity's most recent earnings report and the potential for a turnaround. Slashing guidance Things started to turn south for Unity last fall when the company tri ...

报告公司投资评级 - Unity被评为"买入"评级 [5] 报告的核心观点 - 2Q24 Unity的收入为4.49亿美元,符合预期,其中战略组合收入为4.26亿美元,调整后EBITDA为1.13亿美元,均优于预期 [2] - 公司对三季度保持谨慎,预计战略组合收入为4.15亿-4.20亿美元,同比下降4%-6%,调整后EBITDA为0.75亿-0.80亿美元 [2] - 公司下调2024年全年指引,预计战略组合收入16.80亿-16.90亿美元,同比下降2%-3%;调整后EBITDA为3.40亿-3.50亿美元 [2] - 引擎订阅业务延续双位数增长,订阅收入同比增长14% [3] - 广告业务仍然承压,收入同比下降9% [4] - 公司正在重建机器学习堆栈和数据基础架构以增强广告技术能力,并聘请了Jim Payne担任广告业务的首席产品官 [4] 财务数据总结 - 2022年营业收入为13.91亿美元,同比增长25.3% [19] - 2022年经营亏损为8.82亿美元,2023年预计亏损8.33亿美元 [19] - 2022年调整后EBITDA为-0.71亿美元 [11] - 2024年预计收入为17.63亿美元,调整后EBITDA率为20% [5] 估值分析 - 浦银国际下调目标价至20美元,对应2024E/2025E 24.4x/19.8x EV/EBITDA [5] - 市场预期区间为10-37美元 [14][15] 投资风险 - 行业增长放缓 - 产品表现不及预期 - 竞争激烈 [5]