Unity shares fell by 35% after the publication of the company's quarterly report

Unity summed up the results of the first quarter of 2022. The company’s losses continued to grow and now amounted to $171.2 million. This is more than half of the revenue. In total, Unity earned $320.1 million in the quarter — 36% more than a year ago.

The company’s losses were expected for analysts. The same cannot be said about the forecast for the second quarter, largely because of which Unity shares fell in price on the premarket from $52.4 to $34 apiece.

Unity indicated that it plans to earn $290-$295 million in April-June, while analysts expected its revenue to be $360.97 million. According to the company, it had to do so because of problems with monetization.