Unity Software: Speculative Buy At 60% Discount (NYSE:U)
Summary
Unity attributed the TAM growth to robust demand for immersive, real-time 3D experiences in multiple sectors, including gaming, e-commerce, automotive, architecture, media, and entertainment. Through its suite of tools, Unity has proven to aid creators through the entire lifecycle of a runtime application, from ideation to launch, monetization through ads, hosting, and even analytics to drive revenue growth. Due to its technology for video game development, maintenance, and expansion into related markets such as architecture and engineering, Unity will be a highly relevant company in the global transition to the digitalized Metaverse world. The acquisition will prove significantly accretive to Unitys existing technologies, given how Weta has previously participated in multiple blockbuster movies, such as Lord of the Rings, Hobbit trilogies, and Avengers: Endgame. Since 2020, Unity has been on acquisition sprees, while also announcing multiple strategic partnerships as it seeks to rapidly expand its offering in the gaming and software market: • VisualLive, an AR platform for the construction industry.
