Unity Software stock plunges -33% after guiding revenue outlook below consensus

Unity Software press release (NYSE:U): Q1 Non-GAAP EPS of -$0.08 in-line.

Revenue of $320.13M (+36.3% Y/Y) misses by $1.04M.

2Q22 Guidance: Revenue $290 — $295M vs. consensus $359.65M, Year-over-year revenue growth 6% — 8%, Non-GAAP loss from operations ($62)M — ($64)M.

FY2022 Guidance: Revenue $1.35B — $1.425B vs. consensus $1.49B, Year-over-year revenue growth 22% — 28%, Non-GAAP loss from operations ($60)M — ($75)M.