Below is Dolphin Research's 1Q26 earnings call Trans for $Unity Software(U.US).

Hi everyone, this is Dolphin Research! $Unity Software(U.US) reported Q1 results. As it pre-announced in late Mar., the focus remains on guidance.

After the IronSource divestiture, guidance more clearly signals the growth trajectory of the Vector ad system. 1) Guidance was slightly above expectations, with Vector trending well; management guides Q2 revenue growth of 15%-17%. Within that, excluding IronSource and the Supersonic unit, core strategic biz revenue...

Below is Dolphin Research's Trans of the Q4 2025 earnings call for $Unity Software(U.US).

大家好，我是海豚君！美东时间 2 月 11 日美股盘前，游戏引擎龙头$Unity Software(U.US) 发布了 2025 年四季度财报。在已经被 Genie、Meta、Cloudx 连番狙击，从高点大跌了 30% 之后，资金对 Unity 的信心已经非常脆弱。原指望财报救赎，但这一次又是看似 “保守” 的指引，恰好碰到超预期的非农打压降息，因此没有像往常一样享受到资金的包容，反而在大跌基础上再次摔得稀碎...

Last Fri., three gaming-linked names covered by Dolphin Research — $Unity Software(U.US), $AppLovin(APP.US) and $Roblox(RBLX.US) — sold off sharply. The selloff was widely tied to Google's newly unveiled 'Genie', a generative world model seen as disruptive for gaming.

Dolphin Research does not deny that Genie could reshape gaming as it iterates through successive upgrades. But at this stage, on both gameplay and economics, it is still a long way from truly disruptive...

Below is a summary of the FY25Q3 earnings call for $Unity Software(U.US), compiled by Dolphin. For a detailed analysis of the financial results, please refer to ‘Unity: Patience Pays Off as Transformation Gains Momentum’. I. Key Financial Data Review 1. Third-quarter performance overview: Grow business revenue reached $318 million, up 11% quarter-on-quarter and 6% year-on-year. Create business revenue reached $152 million, up 3% year-on-year; excluding non-strategic revenue impacts, this represents 13% year-on-year growth. Adjusted EBITDA stood at $109 million, with a margin of 23%...

Hello everyone, I am Dolphin Research! On November 5th, Eastern Time, before the U.S. stock market opened, the leading game engine company $Unity Software(U.US) released its Q3 2025 financial report. The Q3 performance (including guidance) slightly exceeded the expectations of the sell-side analysts, maintaining a trend of sequential improvement overall. Although the transformation speed is still not fast enough compared to peers, considering the management's consistently conservative style over the past year, it is expected that Q4 performance will be better than the guidance. Therefore, the previously suppressed market sentiment due to average channel research findings can be alleviated. What truly caught Dolphin Research's eye was...

The following are the minutes of Unity FY25Q2 earnings call organized by Dolphin Research. For earnings interpretation, please refer to "Vector Finally Shows Progress, Can Unity Make It to the Table?" 1. Review of Core Financial Information a. Third-quarter revenue is expected to be $440 million to $450 million, with adjusted EBITDA of $90 million to $95 million. Continued efforts in managing and controlling administrative and R&D expenses, optimizing cloud spending. Revenue growth + high gross margin + streamlined architecture will bring greater operational leverage, even with substantial investment in high-potential businesses like Vector and AI, profit margins are still expected to improve...

Hello everyone, I am Dolphin Research! On August 6th, Eastern Time, after the U.S. stock market closed, the leading game engine company $Unity Software(U.US) released its second-quarter 2025 earnings. Regardless of the performance, the pre-market fluctuations were another drama of expectations versus counter-expectations. Overall, the performance (especially the guidance) basically met the sell-side expectations, but given the pre-earnings surge, it certainly fell short of the buy-side expectations with pricing power. The good news is that the operational turning point is basically clear...

Below is the $Unity Software(U.US) FY25 Q1 earnings call Minutes. For the Quick Interpretation of the earnings report, please refer to "Unity: Can the Reversed Bubble Still 'Inflate'?" 1. Key Earnings Highlights 1. Overall Performance: Q1 results exceeded expectations, with all metrics surpassing the upper guidance limit. Revenue was $20 million higher than the upper guidance, and adjusted EBITDA was $19 million higher. 2. Business Segments: a. Grow Business: Revenue was $285 million, down 4% YoY but still above expectations...