Unity Software beats Q1 revenue estimates but takes $279M impairment on ironSource shutdown

Unity Software reported Q1 revenue of $508 million, beating estimates with a 17% year-over-year increase. Adjusted EBITDA rose 65% to $138 million, though gross margin slightly missed expectations. The company took a $279 million impairment charge due to shutting down its ironSource ad network and selling its Supersonic game publishing unit. For Q2, Unity expects revenue between $505 million and $515 million, with strong growth in its advertising segment, and aims to reach GAAP profitability by Q4 2026.