Unity Q1 prelim revenue $505-508M vs $480-490M guide; exiting ironSource Ads, divesting Supersonic

Unity Software Inc.

Revenue $505-508M above guidance $480-490M; Adj. EBITDA $130-135M vs $105-110M guide.
Adjusted EBITDA margin 26% (guide 22%); EBITDA up 58% YoY.
Grow revenue $352M; Create revenue $155M. Strategic Grow revenue $279M (+48% YoY).
Sunsetting ironSource Ads Network effective April 30; exploring sale of Supersonic game publishing.
Actions expected to accelerate Vector growth and improve profitability.

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