Unity sees Q1 revenue for Strategic Portfolio of $415M-$420M

Unity said: “Going forward, we will guide revenue only for our Strategic Portfolio, as we expect that the non-Strategic portfolio will not be material for the year. We will report any non-strategic revenue separately so that you can track our underlying performance. In 2024, we expect another year of high engagement from gamers and new game launches. For the first quarter, we are guiding to $415 to $420 million in revenue for our Strategic Portfolio and $45 to $50 million in Adjusted EBITDA for the total company. Our Strategic Portfolio revenue guide for the quarter is flat to prior year as the organization completes the portfolio and cost reset that we described above. Our Adjusted EBITDA guide represents an increase of 67% year-on-year which includes a partial impact of our cost actions offset by costs from our non-strategic businesses.”