Unity Software posts blowout Q3 results as Qualcomm and Snap miss estimates
Unity Software reported third‑quarter adjusted earnings of $0.44 a share and revenue of $622 million, both well above Wall Street forecasts, and guided fourth‑quarter revenue of $683 million‑$691 million, far exceeding consensus. Qualcomm’s handset revenue fell 26% to $5.14 billion, pulling chip sales down 8% to $9.02 billion, and its shares slipped about 9% despite a modest earnings beat. Snap missed revenue and daily‑active‑user targets, posting $1.72 billion of revenue and 495 million DAU, and its stock dropped 9.8%.
Why it matters
The company says its strong quarter and upbeat guidance signal accelerating growth in its core game‑engine business, which could boost future earnings for investors. Qualcomm’s decline in handset revenue and Snap’s user‑growth slowdown highlight challenges in the smartphone advertising market, potentially weighing on their near‑term performance.
Key facts
- 1Unity posted adjusted earnings of $0.44 per share, versus estimates of $0.03. investing.com
- 2Unity’s Q3 revenue rose 32% year over year to $622 million, beating the $565.82 million consensus. investing.com
- 3Unity forecast Q4 revenue of $683 million‑$691 million, above the $601.3 million consensus. investing.com
- 4Qualcomm’s handset division revenue fell 26% to $5.14 billion. investing.com
- 5Qualcomm’s chip segment sales declined 8% to $9.02 billion. investing.com
- 6Snap’s Q3 revenue was $1.72 billion, just below the $1.73 billion estimate. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.