![]() Some of our game customers are not adding headcount. Here's a quote from the earnings call that supports my thought process,Īnd frankly, I would say, this is still in a what I would call an economic - a challenging economic environment. Meanwhile, Unity's Create Solution provides tools and features to enable developers to design applications.Īs we headed into the earnings result, I believed that Unity's dollar-based net expansion rates would continue to drop. This side of its operations has been bolstered by its acquisition of IronSource.įor context, Unity's Grow Solutions provides the tools to monetize creators' content. It now has two main divisions, Create Solutions and Grow Solutions.Īs you can see above, Unity's Grow Solutions now make up the vast majority of its operations. Unity is a real-time 3D platform used by creators to develop interactive experiences. The successful investor must always be willing to destroy one's investment thesis and seek out disconfirming evidence.Īccordingly, the outlook for Unity still has some pesky facets that I'm not enthused about, but on balance, there's enough here for me to withdraw my sell rating on this stock. As such, when the facts change, I recognize that it's important to take a step back and reappraise one's investment thesis. ![]() Consequently, I no longer believe it makes sense to keep my sell rating on this stock. Unity Software ( NYSE: U) delivered a set of results that were not as bad as I predicted. ![]() Михаил Руденко/iStock via Getty Images Investment Thesis
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