Unity restructuring increases losses to $291m in Q1 2024

Unity has posted its first financial results for 2024, showing a loss of nearly $300 million for the first quarter.

Despite this, the company said in a letter to shareholders that its Q1 results were “in line with expectations.”

The engine provider also said the “portfolio and cost reset that we started a few months ago is completed,” suggesting the thousands of layoffs that have been implemented across the business are at an end.

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