$3m follower assets
Any good reason for lower guidance?
@smh I am not finding any good reason. I am wondering if its just due to the higher interest rate environment and the return to work environment.
I have not had time to look into it just yet.
@smh "Unity is providing the following guidance for the second quarter and lowering guidance for the full year ending December 31, 2022 due to challenges with monetization products that we expect to impact 2022."
@interrobangbros Thanks Steve for the follow up. I have not had time to listen to the earnings call or anything yet.
@investorinsight I will tag you to the reason for lower guidance.
From the call: During the three months ended March 31, 2022,, we experienced challenges with our Operate products that negatively impacted revenue in February and March. We expect that to persist through the third quarter and have minimal impact in the 4th. These challenges reduced the efficacy of such products, and we see these as temporary and not structural with no carry over impacts in 2023.
They beat revenue. Management guided for $317.5M at the midpoint ($320M at the top end) and reported $320,126,000.
@interrobangbros Where did you pull your data? I pulled mine from TDA and it gave me the numbers above.
