U

Unity Software Inc

TMT


Presented:12/09/2022
Price:$33.93
Cap:$14.02B
Current Price:$21.95
Cap:$8.71B

Presented

Date12/09/2022
Price$33.93
Market Cap$14.02B
Ent Value$9.65B
P/E RatioN/A
Book Value$7.33
Div Yield0%
Shares O/S413.20M
Ave Daily Vol11,259,556
Short IntN/A

Current

Price$21.95
Market Cap$8.71B
Unity Software, Inc. develops video gaming software. It provides software solutions to create, run and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The firm operates as a platform for creating and operating real-time 3D (RT3D) content. It was founded by Joachim Ante and David Helgason in 2004 and is headquartered in San Francisco, CA.

Publicly traded companies mentioned herein: Apple Inc (AAPL), AppLovin Corp (APP) Activision Blizzard Inc (ATVI), Unity Software Inc (U) 

Highlights

The presenter is short shares of Unity Software (U) based on what he believes is a combination of post-covid related headwinds affecting user engagement trends and resulting advertising opportunities. With mobile gaming on the decline recently, the company seems poorly positioned given execution challenges related to the acquisition of ironSource, Apple’s (AAPL) changes to the IDFA rules, and slowing venture capital investment in the space. All of this is creating a significant economic shock in the gaming ecosystem, affecting financing capacity for growth opportunities and transactions going forward.

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Idea Discussion

Commentor 1 - 2 weeks ago

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