Unity Software Inc. (NYSE:U) jumped 14.65% in the pre-market session to $19.64 on Friday.

The stock closed 3.76% lower at $17.13 on Thursday, according to Benzinga Pro data.

On Thursday, Unity Software announced its preliminary revenue for the first quarter of 2026 came in between $505 million and $508 million. This exceeded the company's earlier guidance of $480 million to $490 million.

What Preliminary First Quarter Results Say?

Adjusted earnings before interest, taxes, depreciation and amortization for the software company came in between $130 million and $135 million, surpassing its guidance of $105 million to $110 million. This represents 58% year-over-year growth. Adjusted EBITDA margin is expected at 26%, above its guidance of 22%.

In February, Unity Software reported fourth-quarter revenue of $503.09 million.

Sunsetting ironSource, Divesting Supersonic

Unity stated that it will shut down its ironSource Ads Network, a premier mobile monetization and user acquisition platform, effective April 30. The company also said it has engaged a financial advisor to explore the divestiture of its Supersonic game publishing business.

Unity said it expects minimal revenue contribution from ironSource after the first quarter of 2026.

Trading Metrics, Technical Analysis

Unity, with a market capitalization of $7.42 billion, has a 52-week high of $52.15 and a 52-week low of $15.33.

The Relative Strength Index (RSI) of the company stands at 31.32.

Over the past 12 months, the mid-cap stock has dropped 20.62%.

Currently, Unity stock is positioned at about 4.9% above its annual low.

Benzinga's Edge Stock Rankings indicate that the stock has a negative price trend across all time frames.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.