$UUnity is a platform that provides two sets of solutions: Create Solutions and Operate Solutions. Create Solutions provides a comprehensive portfolio of software solutions for developers to create 2D and 3D content that can be deployed on more than twenty platforms, including Microsoft Windows and Apple.
Unity’s Operate Solutions offers app developers a set of solutions to grow and monetize their end-user base. The company competes with AppLovin through the Operate Solutions business.
Interestingly, Unity is also one of APP’s partners and enterprise client.
In Q2, Unity posted revenues of $273.6 million, a jump of 48% year-over-year, surpassing the Street’s estimates of $243.07 million. Revenue from Operate Solutions grew 63% year-over-year to $182.9 million
But moving away from the fundamentals and moving onto the technical side of things.
Unity Software has been forming an falling wedge since the 26th of June.
If this patterns plays out correctly price should fill the gap before falling.
MACD flat.
RSI flat with the 50MA looking really to break above the 200MA.
Keep this on your watchlist.
- Factor Four
