Unity Software shares jumped 17% after the game engine developer reported second-quarter results that beat Wall Street expectations and issued bullish guidance. The company posted an adjusted loss of $0.05 per share, beating estimates of an $0.11 loss. Revenue climbed 24% year-on-year to $546 million, surpassing the $514.62 million consensus. Strategic revenue, excluding ironSource Ads and Supersonic publishing, grew 38% to $486 million. "This was arguably the best quarter in Unity's history as a public company," said CEO Matt Bromberg. For the third quarter, Unity forecast revenue of $540 million to $550 million, above the $539.3 million consensus. The company also projected adjusted EBITDA of $185 million to $190 million, representing 69% to 74% growth. Adjusted EBITDA reached $160 million with a 29% margin.

Unity Software appointed Michael Lieb as principal accounting officer. Lieb brings experience from major technology and media companies including Peloton, Shutterstock, Spotify, and Ernst & Young. The appointment strengthens Unity's financial reporting oversight and governance. Unity specialises in real-time 3D content creation for gaming and interactive applications. Lieb's background includes work with complex revenue models, subscription businesses, and intensive reporting requirements. The move comes as Unity invests in AI products, advertising platforms, and multi-vertical expansion. For investors tracking NYSE:U, the appointment adds depth to Unity's executive team. His experience with public company audits and financial controls may prove valuable as Unity scales across different industries and product lines.

Coda announced its payment platform is now integrated with Unity's direct-to-consumer solution through Unity IAP 5.4. The integration allows game developers to activate Coda directly from the Unity Dashboard. Through Codapay, Unity developers can access over 400 local and global payment methods across more than 80 markets via a single integration. Coda manages payments, tax, fraud prevention, compliance, and merchant of record services. The partnership enables developers to reach more paying players using local payment methods, particularly in markets where cards aren't the default option. It also allows studios to expand into new markets without building payment integrations individually for each country. "Coda has spent more than a decade building the payment reach and local infrastructure to make that possible," said Shane Happach, chief executive officer of Coda. The Singapore-based company, founded in 2011, operates with over 600 employees worldwide.