Unity Software shares jump 17% on strong Q1 results and strategic business overhaul.

Unity Software reported preliminary Q1 revenue of $505-$508 million, exceeding prior guidance, with adjusted EBITDA of $130-$135 million, also above expectations. Growth was driven by its Unity Vector product and Create segment. The company plans to shut down its ironSource Ads Network and explore selling its Supersonic mobile game unit to focus on higher-growth areas. Analysts see these moves as positive for profitability and growth, though timing of the Supersonic sale remains uncertain.