Unity Software (NYSE:U) Q2 Loss Narrows, Revenue Gains

Unity Software (NYSE:U) reported a Q2 net loss per share of $0.51, narrowing from a $0.69 loss a share last year.

Analysts polled by Capital IQ expected a loss of $0.62 a share.

Revenue for the quarter ended June 30 was $533.5 million, up from $297 million a year ago.

Analysts surveyed by Capital IQ expected $517.4 million.

As of June 30, 2023, $1 billion remains available for future share repurchases under the $2.5 billion share buyback program authorized in July last year.

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